Home / Knowledge / News / Textiles / CAI retains 2017-18 cotton crop estimate at 365 lakh bales
CAI retains 2017-18 cotton crop estimate at 365 lakh bales
03
Jul '18
CAI retains 2017-18 cotton crop estimate at 365 lakh bales
The Cotton Association of India (CAI) has retained its cotton crop estimate for the ongoing crop year 2017-18 at 365 lakh bales of 170 kg each, i.e. at the same level as in its estimate made in the previous month. The stock at the end of June 2018 is pegged at 87.45 lakh bales including 51.85 lakh bales with textile mills and 35.60 lakh bales with others.
 
In its June estimate of the cotton crop for the 2017-18 season beginning from October 1, 2017, the CAI has projected total cotton supply up to June 30, 2018 at 394.45 lakh bales. The cotton supply includes arrival of 348.45 lakh bales up to June 30, 2018, estimated imports of 10 lakh bales and the opening stock of 36 lakh bales at the beginning of the season as on October 1, 2017.
 
CAI revised opening stock of the season from 30 lakh bales to 36 lakh bales based on the discussions held at the meeting of the Sub-committee constituted by the Cotton Advisory Board (CAB) held on June 14, 2018.
 
Further, the CAI has estimated cotton consumption for 9 months i.e. from October 2017 to June 2018 at 243 lakh bales @ 27 lakh bales per month. The shipment of cotton till June 30, 2018 has been estimated at 64 lakh bales. The stock at the end of June 2018 is estimated at 87.45 lakh bales including 51.85 lakh bales with textile mills while the remaining 35.60 lakh bales are estimated to be held by CCI and others (MNCs, traders, ginners, etc).
 
The projected yearly Balance Sheet for the 2017-18 drawn by the CAI has estimated total cotton supply till end of the season i.e. up to September 30, 2018 at 416 lakh bales of 170 kg each, which includes opening stock of 36 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 70 lakh bales. The carry-over stock at the end of the 2017-18 season is estimated by the CAI at 22 lakh bales. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 5th May 2021

India-UK launch Enhanced Trade Partnership

To unleash the trade potential between the 5th and 6th largest...

Pic: Shutterstock

Textiles | On 5th May 2021

EURATEX welcomes revamped EU Industry Strategy

EURATEX, the voice of the European textile and apparel industry, has...

Pic: Shutterstock

Textiles | On 5th May 2021

US economy could see fastest growth in 3 decades: NRF

With more businesses reopening and bringing employees back to work,...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Textile Industry, Head honchos

Textile Industry
Head honchos

Farmers who produce seeds earn 50 per cent more

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Nina Smith,

Nina Smith

GoodWeave International, a nonprofit working to end child, forced and...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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


April 2021

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


Advanced Search