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What could be the estimated
loss to the industry due to it
financially?
The production of cotton in 2015-
16 should have reached at least
38.0 m bales from an area of
11.9 m hectares. Instead, cotton
production halted at 33.8 m bales.
Cotton lint yield was 482 kg per
hectare. For the first time in eleven
years the yield declined to less
than 500 kg lint per hectare. The
production losses was more than
3.5 million bales equivalent to 0.59
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BioVoiceNews | October 2017
million of fibre worth 1.14 b US$.
Even 10-15 percent yield losses
on all India average, will cause a
direct output loss and also losses to
the investments of farmers. (Total
cotton output in India is between
35-40 million bales and losses may
be estimated based on Cotton bales
prices). As per CICR estimate, the
losses are approximately 7,000
crore.
Is the RIB concept to tackle
the threat foolproof? How
effective has it been so far?