Home / Knowledge / News / Cotton / CAI further lowers 2018-19 cotton crop to 315 lakh bales

CAI further lowers 2018-19 cotton crop to 315 lakh bales

11
May '19
The Cotton Association of India (CAI) has further lowered the country’s cotton crop estimate for crop year 2018-19 to 315 lakh bales of 170 kg each. This is a reduction of six lakh bales from the association’s previous estimate of 321 lakh bales released last month, due to lower output in Maharashtra, North Zone, Madhya Pradesh, Telangana and Andhra Pradesh.
 
CAI’s April estimate lowers cotton crop estimate for 2018-19 season, which began on October 1, 2018, by two lakh bales for Maharashtra, compared to its March estimate. Like-wise, for the North Zone, Madhya Pradesh, Telangana and Andhra Pradesh, CAI has lowered cotton output estimate by one lakh bales each.
 
“The scarcity of water in some states and uprooting of cotton plants by farmers in about 70-80 per cent area without waiting for 3rd and 4th pickings are the main reasons for reduction in the cotton crop this year,” the CAI said.
 
Total cotton supply estimated by the CAI during the period from October 2018 to April 2019 is 314 lakh bales of 170 kg each, which consists of the arrival of 278.73 lakh bales up to April 30, 2019, imports of 7.27 lakh bales up to April 30, 2019, and the opening stock at the beginning of season on October 1, 2018 at 28 lakh bales.
 
Further, the CAI has estimated cotton consumption during the months of October 2018 to April 2019 at 183.75 lakh bales, while the export shipment of cotton estimated up to April 30, 2019 is 42.50 lakh bales of 170 kg each. Stock at the end of April 2019 is estimated by the CAI at 87.75 lakh bales including 40 lakh bales with textile mills and remaining 47.75 lakh bales with CCI, MNCs and others (MNCs, traders, ginners, etc.).
 
The yearly balance sheet projected by the CAI estimates total cotton supply till end of the cotton season i.e. up to September 30, 2019 at 374 lakh bales of 170 kg each consisting of the Opening Stock of 28 lakh bales at the beginning of the cotton season, cotton crop for the season estimated at 315 lakh bales and imports estimated by the CAI at 31 lakh bales, which are higher by 16 lakh bales compared to the previous year’s import estimated at 15 lakh bales.
 
Domestic consumption estimated by the CAI for the entire crop year i.e. up to September 30, 2019 is 315 lakh bales, which is lower by one lakh bales compared to its previous estimate made during last month. The CAI has estimated exports for the season at 46 lakh bales, which are lower by 23 lakh bales compared to the previous year’s cotton exports estimate of 69 lakh bales. The carry over stock estimated at the end of the season is estimated at 13 lakh bales. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Nigeria's NEPC restores AGOA visa stamp to exporters

Apparel/Garments | On 23rd May 2019

Nigeria's NEPC restores AGOA visa stamp to exporters

The Nigerian Export Promotion Council (NEPC) recently re-introduced...

Pic: India Ratings

Textiles | On 23rd May 2019

US-China trade war may result in dumping by China: Ind-Ra

Rise in US-China trade tensions may result in the latter channelling...

France to lead global fashion sector sustainability drive

Fashion | On 23rd May 2019

France to lead global fashion sector sustainability drive

French President Emmanuel Macron is using Kering SA chief executive...

Interviews View All

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Vasudevan LK,

Vasudevan LK

Epson is a world leader in digital imaging and printing solutions....

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search