MARKET & ECONOMY​

India’s cotton yield has received a boost as 6.6 lakh bales (each weighing 140 kg) of cotton have been procured so far surpassing last year’s production figures of 6.5 lakh bales.

The Khadi & Village Industries Commission (KVIC) has bagged orders worth crores from hospitals, research institutions, railways and companies.

India is estimated to consume 29.5 million bales of cotton (170 kg each), this season ending this September. Within one month of its recent estimate, Mumbai-based Cotton Association of India (CAI) has revised the estimate of India’s cotton consumption and import numbers.