The Cotton Advisory Board has lowered crop production estimate by 12% to 338 lakh bales in 2015-16 versus 386 lakh bales in last year. The area under Cotton has dipped 7% to 119 Lakh hectares to128 lakh hectares. The Board has also estimated a comfortable cotton supply position for the season 2015-16. With the closing stock at 43 lakh bales.
