‘Loose cotton offtake dips to 5.45 lakh bales in India’
May 12, 2021
From 26 lakh bales in 2010, loose cotton consumption falls India’s loose cotton consumption dropped steeply from 26.10 lakh bales (each of 170 kg) in 2010-11 to 5.45 lakh bales in 2019-20.
A survey conducted by Sardar Vallabhbhai Patel International School of Textiles and Management, Coimbatore, revealed that loose cotton consumption dropped considerably during the review period.
“Due to the Covid-19 pandemic, the average consumption of loose cotton this year has been adversely impacted by 25 per cent i.e. equivalent quantity of 1.82 lakh bales in view of general conditions of reduced economic activities,” the survey findings said. It also added that in a non-covid year, loose cotton consumption in the country could have been the equivalent to 7.27 lakh bales. Notably, loose cotton is priced a little lower than the prevailing benchmark cotton prices.