CAI lowers cotton crop estimate to 330.50 lakh bales for 2022-23 season
The Cotton Association of India (CAI) on Saturday lowered the cotton crop output estimate by 9.25 lakh bales for the 2022-23 season to 330.50 lakh bales as production is expected to decline in Maharashtra, Andhra Pradesh and Karnataka. The total cotton production in the last season is estimated at 307.05 lakh bales, the CAI said in a statement.
The cotton production in the current season that started on October 1, 2022, is expected to decline by 2 lakh bales each in Maharashtra, Andhra Pradesh and Karnataka to 82.50 lakh bales, 13 lakh bales and 22 lakh bales, respectively.
Except for Gujarat, where the output is likely to remain flat, the cotton growing states are expected to witness a decline in production, the CAI added.
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Soyabean crushing picks up as arrivals improve
Soyameal production increases 52%, exports surge 49%
Soyabean crushing has picked up with its arrivals across various mandis (markets) in the key producing States of Madhya Pradesh, Maharashtra and Rajasthan improving.
During the October-December quarter of 2022, soyabean crushing increased by 51 per cent to 32.50 lakh tonnes compared with 21.50 lakh tonnes a year ago, The Soyabean Processors Association of India (SOPA) said in a statement.
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