Home / Knowledge / News / Textiles / About 97% of 2017-18 cotton crop reached market: CAI

About 97% of 2017-18 cotton crop reached market: CAI

09
Aug '18
About 97 per cent of the estimated 365 lakh bales (170 kg each) of cotton crop for the 2017-18 season has arrived in the market by July-end, the Cotton Association of India (CAI) has said in its latest estimate of India’s cotton situation. The CAI has kept its estimate for the current season beginning October 1, 2017 unchanged from previous two estimates.
 
The CAI has, however, revised the state-wise crop estimate for the North Zone compared to the estimate made during the last month, based on the arrival figures up to July 31, 2018 reported by the respective states.
 
In Punjab and Haryana, the crop estimates for the season have been reduced by 2 lakh bales and 50,000 bales respectively compared to the estimate made during the last month. However, the crop estimates for Upper Rajasthan and Lower Rajasthan have been increased by 1.00 lakh bales and 1.50 lakh bales respectively compared to the last month based on the arrival figures. 
 
The CAI has projected total cotton supply up to July 31, 2018 at 400.45 lakh bales. This includes arrival of 353.45 lakh bales up to July 31, 2018; estimated imports of 11 lakh bales; and the opening stock of 36 lakh bales at the beginning of the season as on October 1, 2017.
 
Further, the CAI has estimated cotton consumption for 10 months i.e. from October 2017 to July 2018 at 270 lakh bales, while the shipment of cotton till July 31, 2018 has been estimated at 67 lakh bales.
 
Thus, the stock at the end of July 2018 is estimated at 63.45 lakh bales including 42.65 lakh bales with textile mills while the remaining 20.80 lakh bales are estimated to be held by CCI and others (MNCs, traders, ginners, etc).
 
The projected yearly Balance Sheet for the Season 2017-18 drawn by the CAI estimates total cotton supply till end of the season i.e. up to September 30, 2018 at 416 lakh bales of 170 kg each. This includes opening stock of 36 lakh bales at the beginning of the season. The CAI has estimated domestic consumption for the season at 324 lakh bales while the exports are estimated to be 70 lakh bales. The carry-over stock at the end of the 2017-18 season is estimated by at 22 lakh bales. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 6th Jun 2020

Follow civil society approach in EU textile strategy: MEPs

A group of 53 members of the European Parliament has written a letter ...

Pic: Shutterstock

Apparel/Garments | On 6th Jun 2020

Cambodia postpones indemnity pay in garment-footwear units

The Cambodian labour ministry recently announced postponing the...

Pic: Shutterstock

Textiles | On 6th Jun 2020

India-Bangladesh land-route trade resumes in West Bengal

After Indian traders agreed to create a pool of truck drivers, who...

Interviews View All

Footwear industry, Head honchos

Footwear industry
Head honchos

Personalised and differentiated footwear is in high demand

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Angelo Leung,

Angelo Leung

Guangdong Asiatex Textiles provides international and domestic apparel...

Lukas Hartmann,

Lukas Hartmann

Intex Consulting GmbH is a completely integrated enterprise resource...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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


May 2020

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


Advanced Search