Home / Knowledge / News / Textiles / CAI retains 2017-18 cotton crop estimate at 360 lakh bales
CAI retains 2017-18 cotton crop estimate at 360 lakh bales
09
May '18
CAI retains 2017-18 cotton crop estimate at 360 lakh bales
Cotton Association of India (CAI) has retained its cotton crop estimate for the ongoing crop year 2017-18 at 360 lakh bales of 170 kg each. As on April 30, 2018, around 86 per cent of the estimated crop had already arrived in the market. The stock at the end of April 2018 is estimated at 97 lakh bales including 52 lakh bales with textile mills.

The CAI, however, has made small changes in the state-wise production figures for the cotton season beginning October 1, 2017. The production figures for the states of Maharashtra and Karnataka are estimated to be higher by 2 lakh bales and 50,000 bales respectively, while the production in the states of Telangana and Andhra Pradesh are now estimated lower by 1.50 lakh bales and 1 lakh bales respectively.

The Statistics Committee of CAI has projected total cotton supply up to April 30 at 347 lakh bales of 170 kg each, which consists of the arrivals of 311 lakh bales up to April 30 and imports which the Committee has estimated at 6 lakh bales up to April end.

Further, the Committee has estimated cotton consumption for 7 months i.e. from October 2017 to April 2018 at 189 lakh bales at an average of 27 lakh bales per month, while the shipment of cotton till April 30 has been estimated at 61 lakh bales. Thus, the stock at the end of April 2018 is estimated at 97 lakh bales including 52 lakh bales with textile mills while the remaining 45 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 has estimated total cotton supply till end of the season i.e. up to September 30, 2018 at 410 lakh bales of 170 kg each, which includes 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 are estimated to be 65 lakh bales. The carry-over stock at the end of the 2017-18 season is estimated by the CAI at 21 lakh bales.

It may be noted that the crop size of 360 lakh bales of 170 kg each is equal to 382.50 lakh running bales of 160 kg each and the estimated arrival of 311 lakh bales of 170 kg each up to April 30 is equal to 330.50 lakh running bales of 160 kg each. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Philippines wearable industry expects 20% export growth

Apparel/Garments | On 17th Aug 2018

Philippines wearable industry expects 20% export growth

The combined export growth of textile, garments and other wearable...

Talks on new minimum wage for next year start in Cambodia

Apparel/Garments | On 17th Aug 2018

Talks on new minimum wage for next year start in Cambodia

The Cambodian labour ministry and relevant stakeholders recently...

Boost research to double yield: Indian Cotton Federation

Textiles | On 17th Aug 2018

Boost research to double yield: Indian Cotton Federation

Despite India being the world’s largest producer of cotton for three...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


August 2018

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

news category


Related Categories:

Advanced Search