Cotton alternate body trims 2020-21 crop estimate to 353 lakh bales

Cotton alternate body trims 2020-21 crop estimate to 353 lakh bales

by admin- Wednesday, October 20th, 2021 07:53:37 AM

Increased consumption, higher exports leave closing shares decrease at 75 lakh bales
The Cotton Association of India (CAI), a frame of traders, has reduced its estimate of the cotton crop remaining season (October 2020- September 2021) to 353 lakh bales (each a hundred and seventy kg) from its previous estimate of 354.Five lakh bales. The final estimate is about 7 lakh bales decrease than the 360 lakh bales of crop predicted initially.

The overall cotton availability for the yr is predicted at 488 lakh bales, together with an opening inventory of a hundred twenty five lakh bales and import of 10 lakh bales except the 353 lakh bales of crop.

As in step with the CAI’s cotton stability-sheet for the 12 months, the last inventory is anticipated to be 75 lakh bales, which is decrease than last 12 months’s envisioned 107.Five lakh bales of carryover inventory.

Consumption estimate
CAI has accelerated its cotton intake estimate for the 12 months by way of 5 lakh bales to 335 lakh bales from last year’s estimated intake of 250 lakh bales, showing an growth of 34 in step with cent over closing year.

The cotton exports for 2020-21 is anticipated at seventy eight lakh bales towards 50 lakh bales expected ultimate yr, that’s a 56-in step with cent higher.

The Cotton alternate body has decreased the crop estimate for the Central Zone (Gujarat, Maharashtra and Madhya Pradesh) by 2.50 lakh bales to 191 lakh bales from in advance estimate of from 193.50 lakh bales. There is a reduction of 2 lakh bales in the crop estimate for Gujarat whilst the crop estimate of Maharashtra has been reduced by zero.50 lakh bales as compared to the preceding estimates.

The crop estimate for North Zone is retained at sixty five.5 lakh bales, at the same time as that for Southern Zone has been extended by means of 1 lakh bales to 91.5 lakh bales for the season based totally on the arrivals upto September 30.

The very last estimates had been finalised through the Crop Committee of the CAI which met on October 18 with 25 contributors from cotton-generating States and stakeholders.

News Updates