Cotton trade overall body Cotton Affiliation of India (CAI) has raised critical objection more than the US Office of Agriculture’s (USDA) assessment of India’s cotton inventory positions alleging a deceptive portrayal of India’s cotton current market in the international current market.
In its India-precise Cotton and Products update for June 2020, the USDA has believed a cotton carryover inventory of 19.eight million US bales (every of 480-lb) as on July 2020. This will work out to an equivalent to about 244 lakh bales (of 170 kgs every). The CAI termed it ‘astronomically high’ figure from the reality.
“The carryover inventory