The CAI has increased the crop estimate for Haryana by 1 lakh bales, while projection for upper Rajasthan, lower Rajasthan and Andhra Pradesh has been increased by 50,000 bales each compared to its previous estimate.
However, it has reduced the crop estimated for Gujarat by 3 lakh bales, Maharashtra by 1 lakh bales and Telangana by 1.50 lakh bales compared to the previous estimate due to unfavourable weather conditions.
The CAI has projected total cotton supply during the months of October and November 2018 at 95 lakh bales which consists of the arrival of 70 lakh bales up to November 30, 2018, imports of 2 lakh bales up to November 30, 2018 and the opening stock at the beginning of the season as on October 1, 2018 which the Committee has estimated at 23 lakh bales.
Further, the Committee has estimated cotton consumption during the months of October and November 2018 at 54 lakh bales, while the export shipment of cotton up to 30th November 2018 has been estimated at 10 lakh bales.
The stock at the end of November 2018 is estimated at 31 lakh bales including 27 lakh bales with textile mills and the remaining 4 lakh bales are estimated to be held by Cotton Corporation of India (CCI) and others (MNCs, traders, ginners, etc.).
The projected yearly Balance Sheet for the Season 2018-19 drawn by the CAI has estimated total cotton supply till end of the season i.e. up to September 30, 2019 at 390.25 lakh bales of 170 kg each which includes opening stock of 23 lakh bales at the beginning of the season, cotton crop for the season at 340.25 lakh bales and imports of 27 lakh bales which are estimated to be higher by 12 lakh bales compared to the import figure of 15 lakh bales estimated for the 2017-18 crop year.
The CAI has estimated domestic consumption for the season at 324 lakh bales while the exports are estimated to be 53 lakh bales which are estimated to be lower by 16 lakh bales compared to the exports of 69 lakh bales estimated during the last year. The carry-over stock at the end of the 2018-19 season is estimated by the CAI at 13.25 lakh bales. (RKS)
Fibre2Fashion News Desk – India
Textiles | On 25th Jun 2022
Zero Waste Scotland and the Scottish Government have launched a new...
The US dollar exchange rate appreciated by Tk8.15 in less than 11...
Foreign direct investment (FDI) inflows into Vietnam rebounded in May ...
Textile Industry Head honchos
Extension of RoSCTL to boost textile exports
Vandana Narang National Institute of Fashion Technology
Campus placements are low due to lockdowns
Led by MMF, Indian apparel exports likely to double in next 3 years
Gavin McIntyre
<div>Ecovative is the mycelium technology company that designs and grows...
Dr. N Mohan
Clarks Reliance Footwear Private Limited manufactures and retails footwear ...
Ahammed Ali Babu
With its expertise in spinning, knitting, printing and embroidery, Blue...
Thomas Ong P S NanoTextile
Malaysian company NanoTextile Sdn Bhd taps into the potentials of...
Franky Viaene Balta Group
Captiqs, the nonwovens brand of Balta, is a key European producer of...
Frank Heislitz Freudenberg
Freudenberg Performance Materials is a leading global manufacturer of...
Dahlia Razzrook Label - Dahlia Razzook
London based designer, <b>Dahlia Razook</b> known for her luxury...
Francesca Palumbo Label - Francesca Palumbo
Francesca Palumbo creates intricate and detailed knitwear that follows the ...
Bav Tailor Label Bav Tailor
Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
By submitting you confirm you have read our Terms & Conditions and Privacy Policy.