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Cotton 06 07 Scenario

Cotton 06 07 Scenario

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Published by: api-3833893 on Oct 18, 2008
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03/18/2014

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Date:04/10/2006 URL:
http://www.thehindubusinessline.com/2006/10/04/stories/2006100403030800.htm
India 2nd largest global cotton producer
G. Chandrashekhar
Mumbai , Oct. 3
India has emerged as the world's second largest cotton producer in 2006-07, edging past the US,

which held the second rank until recently.
China's is the world's leading cotton producer.
The US had held the position for long; but observers were convinced it was a matter of time

before India would push the US to the third spot. Since 2002, India's cotton production has
expanded phenomenally and has sustained for four seasons in a row.
Dramatic turnaround
The dramatic turnaround of the country's cotton fortunes means that from being an importer of
about 20 lakh bales, India is today an exporter.
In 2005-06, cotton exports totalled over 40 lakh bales and for 2006-07, the volume could further
expand to 50 lakh bales.
In no small measure has introduction of Bt cottonseed played a part in this success story. India's
cotton production for 2006-07 is currently estimated at over 260 lakh bales (170 kg).

The US Department of Agriculture (USDA) recently estimated Indian output at 4.572 million tonnes, while the US itself will produce 4.430 million tonnes, down from previous year's 5.201 million tonnes. Interestingly, Asia dominates the global cotton sector in terms of both output and use. China, India and Pakistan account for half of the world's cotton production and two- thirds of world cotton consumption. Pakistan is the world's fourth largest producer and third largest consumer.

Global production
Introduction of Bt seeds plays a big part

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