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The 4th Advance Estimates for 2012-13 set cotton production at 34 million bales of 170 kg each, down 3.4 per cent from the previous year but still the second highest output ever.
Prices have been stable in India since the international high in 2011, given the comfortable stock positions.
For this year 2013-14, good rains have led to increase in sowing - till August 2, sowing had crossed three per cent of the normal area for the whole kharif season.
