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Indian Cotton Federation on Wednesday said prices of cotton are expected to remain under pressure for the next two to three months.
However, the Federation's cotton crop estimate for 2013-14 at 384 lakh bales, about 44 lakh bales above the forecast of the Cotton Advisory Board. .
Though the season started from October 2013, the crop is expected to be delayed by three weeks, with availability of good quality cotton, J Thulasidharan, President, ICF said in a press release.
The estimates were arrived at the ICF Board meeting. Gujarat is expected to top with 125 lakh bales (170 kg each), followed by Maharashtra and Andhra Pradesh with 75 lakh bales each.
While Punjab, Haryana and Rajasthan production would be 60 lakh bales, Karnataka and Madhya Pradesh crop at 19 lakh bales each, Tamil Nadu five lakh, Orissa four lakh and others two lakh bales, Thulasidharan said.
The Cotton Association of India has put the estimates at 381 lakh bales a couple of days ago.
