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CAI revises 2017-18 cotton crop to 367 lakh bales
Feb '18
CAI revises 2017-18 cotton crop to 367 lakh bales
The Cotton Association of India (CAI) has downwardly revised the estimate of cotton crop for 2017-18 season to 367 lakh bales of 170 kg each. In its January 2018 estimate of the crop, CAI has reduced forecast by 8 lakh bales from the earlier projected 375 lakh bales for the ongoing season due to severe infestation of the cotton crop by pink bollworm.
“In accordance with the advice of the scientists, farmers in several areas particularly in Maharashtra and Telangana states have uprooted their cotton crop without waiting for further pickings,” CAI said in its latest estimate for the current cotton season that began on October 1.
The projected Balance Sheet drawn by the CAI estimates total cotton supply for the season at 417 lakh bales, including the opening stock of 30 lakh bales at the beginning of the season and imports which the CAI estimates at 20 lakh bales for 2017-18 crop year.
The domestic consumption is estimated to be 320 lakh bales while CAI estimates exports for the season to be 55 lakh bales. The carry over stock at the end of this season on September 30, 2018 is estimated to be 42 lakh bales.
As per the data received from each cotton growing local state association, the CAI estimates cotton arrivals upto January 31, 2018 at 211 lakh bales as compared to 157.75 lakh bales arrived during the same period last season. (RKS)

Fibre2Fashion News Desk – India

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