;
Home / Knowledge / News / Textiles / CAI raises 2017-18 cotton crop estimate to 365 lakh bales
CAI raises 2017-18 cotton crop estimate to 365 lakh bales
13
Jun '18
CAI raises 2017-18 cotton crop estimate to 365 lakh bales
The Cotton Association of India (CAI), in its May estimate, has increased the ongoing season’s cotton crop projection to 365 lakh bales of 170 kg each, i.e. 5 lakh bales higher than its previous month estimate. The estimated increase in production figures is mainly due to the realisation of higher yields, particularly in top cotton-growing state of Gujarat.
 
Of the increased estimate of 5 lakh bales, CAI estimates about 3 lakh bales to come from Gujarat, 1 lakh bales from Karnataka, 50,000 bales from Andhra Pradesh, and 25,000 bales each from the states of Madhya Pradesh and Tamil Nadu.
 
The Statistic Committee of the CAI, after reviewing the current cotton scenario, projected the total cotton supply up to May 31, 2018, at 378.50 lakh bales. This includes the opening stock of 30 lakh bales at the beginning of the season on October 1, 2017, the arrival of 340 lakh bales by May 31, and imports which the Committee estimated at 8.50 lakh bales by May end.
 
On the consumption side, the Committee estimated use of 216 lakh bales at an average of 27 Lakh bales per month during the 8-month period from October 2017 to May 2018. Export shipments are estimated at 62 lakh bales till May 31, 2018.
 
At the end of May 2018, cotton stock is estimated at 100.50 lakh bales, including 58 lakh bales with textile mills and 42.50 lakh bales estimated to be held with CCI and others (MNCs, traders, ginners, etc).
 
The projected yearly Balance Sheet for 2017-18 season, drawn by the CAI, estimates total cotton supply till end of the season i.e. up to September 30, 2018 at 410 lakh bales, including the opening stock of 30 lakh bales at the beginning of the season. The CAI has estimated domestic consumption for the season at 324 lakh bales while the exports for the season are estimated at 70 lakh bales. The carry-over stock at the end of the 2017-18 crop year is estimated at 16 lakh bales.
 
“Around 93 per cent of the total crop for the season has already arrived in the market by May 31, 2018,” said CAI president Atul Ganatra. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pxhere

Textiles | On 24th Jan 2019

Cabinet okays National Bench of GST Appellate Tribunal

The Union Cabinet, chaired by Prime Minister Narendra Modi, has...

Piyush Goyal likely to present Interim Budget 2019-20

Textiles | On 24th Jan 2019

Piyush Goyal likely to present Interim Budget 2019-20

Minister of railways Piyush Goyal is likely to present Interim Budget ...

Bangladesh aims to be developed by 2041: Minister

Textiles | On 24th Jan 2019

Bangladesh aims to be developed by 2041: Minister

Aiming to become a developed country by 2041, Bangladesh is working...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

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

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

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...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

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

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


February 2019

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

news category


Related Categories:

Advanced Search