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CAI maintains 2019-20 cotton crop at 354.5 lakh bales

07
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The Cotton Association of India (CAI) has retained its cotton crop estimate for 2019-20 season beginning October 1, 2019 at 354.50 lakh bales of 170 kg each, i.e. at the same level as in the previous estimate. While cotton crop estimate has increased by 2 lakh bales in Maharashtra, it is decreased by an equal quantity in the Northern Zone.
 
In its December estimate, the CAI has reduced its cotton crop estimate of the Northern Zone by 2 lakh bales from its previous month’s estimate i.e. 61 lakh bales as compared to 63 lakh bales estimated earlier since there is a reduction of 2 lakh bales in the cotton crop estimate of Lower Rajasthan compared to that of the previous month.  
 
However, there is an increase of 2.00 lakh bales in the cotton crop estimate of Maharashtra compared to the estimate made in the last month as migration of cotton crop from Maharashtra to the neighbouring state is not likely to happen this year due to the participation of Cotton Corporation of India (CCI) in the market.
 
The total cotton supply estimated by the CAI during the months of October 2019 to December 2019 is 155.89 lakh bales of 170 kg each, which consists of the arrivals of 125.89 lakh bales up to December 31, 2019, imports of 6.50 lakh bales up to December 31, 2019 and the opening stock estimated by the CAI at 23.50 lakh bales at the beginning of the season.
 
Further, the CAI has estimated cotton consumption during the months of October 2019 to December 2019 at 78 lakh bales of 170 kg each, while the export shipment of cotton estimated by the CAI up to December 31, 2019 is 10 lakh bales. Stock at the end of December 2019 is estimated at 67.89 lakh bales, including 30.89 lakh bales with textile mills and remaining 37 lakh bales with CCI and others (MNCs, traders, ginners, etc.).
 
The yearly Balance Sheet projected by the CAI estimated total cotton supply till end of the cotton season i.e. up to September 30, 2020 at 403 lakh bales of 170 kg each (i.e. at the same level as estimated in the previous month).  Total cotton supply consists in the Opening Stock of 23.50 lakh bales at the beginning of the cotton season on October 1, 2019, crop for the season estimated at 354.50 lakh bales and imports estimated by the CAI at 25.00 lakh bales, which are lower by 7.00 lakh bales compared to the previous year’s estimate at 32.00 lakh bales.
 
Domestic consumption estimated by the CAI for the entire crop year i.e. up to September 30, 2020 is 331 lakh bales i.e. at the same level as estimated by the Cotton Advisory Board at their meeting held on November 28, 2019. The CAI has estimated exports for the season at 42 lakh bales i.e. at the same level as estimated in the previous year. The carryover stock estimated at the end of the season is 30 lakh bales.
 

Fibre2Fashion News Desk (RKS)


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