Cotton Production Up, Prices Crash Cotton production in India is likely to be 26.1 million bales (of 170 kg each) for 2011/12, according to the new assessment available from the government of India (GOI); the Cotton Advisory Board (CAB) estimated production at 25.6 million bales.Whatever the actual number will be, one thing is certain: It will be significantly higher due to higher acreage (because of higher prices in 2010/11) and widespread rains across the cotton belt, as well as higher cultivation of Bt cotton. The Cotton Association of India (CAI) has pegged production at 34 million bales and put consumption at 25 million bales, thus resulting in huge carryover stocks. USDA in its latest report cut cotton production to 34.25 million b...