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CAI estimates 2017-18 cotton crop at 375 lakh bales
Nov '17
CAI estimates 2017-18 cotton crop at 375 lakh bales
In its first estimate of the cotton crop for the 2017-18 season beginning from October 1, 2017, the Cotton Association of India (CAI) has projected 375 lakh bales of 170 kg each. The CAI has retained its estimate for the previous crop year ended September 30, 2017, at 337.25 lakh bales. So, current season’s cotton crop is likely to be 37.75 lakh bales more.
The increase in crop estimated for the 2017-18 crop year is on account of the higher acreage under cotton than compared to the previous crop year. The acreage under cotton during 2017-18 is estimated to be more by about 19 per cent than that of the previous season. However, the CAI estimates the yields to be lower by about 9 per cent this year owing to the damage caused by pink boll worms.
The projected Balance Sheet drawn by the CAI estimates the total cotton supply for the cotton season 2017-18 at 422.00 lakh bales including the opening stock of 30 lakh bales at the beginning of the year and the imports which are estimated to be 17 lakh bales. The domestic consumption is estimated at 320 lakh bales while the exports are expected to be about 63 lakh bales.
Of the estimated 375 lakh bales in the ongoing season, 212 lakh bales of cotton are expected from the Central region comprising Gujarat, Maharashtra, and Madhya Pradesh. North and South zones are projected to contribute 55 lakh bales and 103 lakh bales, respectively, with the remaining coming from Orissa and other parts of the country. (RKS)

Fibre2Fashion News Desk – India

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