CAI cuts Cotton crop estimate to 312 lakh bales

CAI cuts Cotton crop estimate to 312 lakh bales

by admin- Friday, July 12th, 2019 07:20:42 PM

Trade frame Cotton Association of India (CAI) has decreased its crop estimate for the year 2018-19 by using three lakh bales from its earlier forecast to 312 lakh bales (each of one hundred seventy kg) as a intense water scarcity in key growing regions which include Maharashtra and Telangana has contracted the output.

The CAI has maintained its cotton crop estimate for the Northern Zone on the same stage as in its preceding month’s estimate i.E. At 59 lakh bales whilst cotton crop for the Central Zone has been accelerated with the aid of 30,000 bales.

There is an increase in of three.50 lakh bales for Gujarat kingdom in comparison to the cotton crop estimate of the CAI made at some point of ultimate month at the same time as the crop for Maharashtra and Madhya Pradesh have been decreased by way of 2.88 lakh bales and 7 thousand bales respectively.

The cotton crop for Southern region has been reduced with the aid of 3.25 lakh bales i.E. Sixty eight.50 lakh bales in comparison to the estimate of seventy one.Seventy five lakh bales made throughout closing month.

The cotton crop for Telangana and Andhra Pradesh States are predicted decrease by means of 2.50 lakh bales and a couple of.00 lakh bales respectively compared to its previous month’s estimate whereas the cotton crop estimate for the State Orissa is improved by way of 2 thousand bales as compared to the CAI’s previous month estimate.

The overall cotton deliver anticipated through the CAI at some stage in the period from October 2018 to June 2019 is 347.Eighty four lakh bales of a hundred and seventy kgs. Every which includes the arrivals of 303.Fifty six lakh bales upto 30th June 2019, imports of 11.28 lakh bales upto thirtieth June 2019 and the outlet inventory at the start of the season on 1st October 2018 at 33 lakh bales.

Further, the CAI has estimated cotton intake for the duration of the months of October 2018 to June 2019 at 243.12 lakh bales of 170 kgs. Each at the same time as the export cargo of cotton expected by the CAI upto 30th June 2019 is 44.10 lakh bales of a hundred and seventy kgs. Every. Stock on the stop of June 2019 is anticipated through the CAI at 60.62 lakh bales which includes 33.10 lakh bales with textile mills and final 27.Fifty two lakh bales with CCI, MNCs and others (MNCs, Traders, Ginners, and many others.).

The yearly Balance Sheet projected by using the CAI estimates total cotton supply till quit of the cotton season i.E. Upto thirtieth September 2019 at 376 lakh bales of a hundred and seventy kgs. Each such as the Opening Stock of 33 lakh bales at the start of the cotton season and imports anticipated by the CAI at 31 lakh bales, which can be higher via 16 lakh bales in comparison to the previous year’s import envisioned at 15 lakh bales.

Domestic intake anticipated by using the CAI for the entire crop yr i.E. Upto thirtieth September 2019 is 315 lakh bales at the same time as the CAI has predicted exports for the season at 46 lakh bales, which can be decrease via 23 lakh bales as compared to the previous year’s cotton exports estimate of 69 lakh bales. The bring over inventory anticipated at the give up of the season is envisioned at 15 lakh bales.

News Updates