Cotton arrivals in October recorded at 31.12 lakh bales by admin- Wednesday, November 24th, 2021 07:57:37 AM
Workers fill a truck with cotton for transportation at Khetiwadi Utpann Bazar Samiti yard at Bedi in Rajkot, Friday, October 22 (File photo) – PTI
Arrivals up 15% year-on-yr as prices almost doubled in twelve months
Cotton Association of India (CAI) on Tuesday informed that cotton arrivals inside the first month of the season stood at 31.12 lakh bales ( 170 kg every), which is about 15 in line with cent extra than 27.Sixteen lakh bales recorded inside the same month remaining 12 months.
Notably, cotton prices have nearly doubled inside the year-on-12 months foundation from ₹4,355 a quintal to ₹8,405 a quintal at Gondal market in Gujarat. CAI has retained the sooner projection of cotton crop for the season beginning October 1, 2021 at 360.13 lakh bales, that’s up through 7 lakh bales from 353 lakh bales anticipated for the preceding 12 months.
During October 2021, the whole cotton supply such as the arrivals of 31.12 lakh bales is expected at 107.12 lakh bales. It includes imports of one lakh bales and additionally the outlet inventory of 75 lakh bales at the start of the season on October 1, 2021. On the consumption front, the CAI has envisioned cotton consumption for the duration of October 2021 at 27.Ninety one lakh bales with export shipments of four lakh bales throughout the month.
Total shares at the end of October 31, 2021 is envisioned at 75.21 lakh bales. The cotton stock held by using turbines in their godown is anticipated at forty six.21 lakh bales and the generators have on a median 50 days stock of their godown, the CAI referred to in its month-to-month arrivals and crop evaluation assertion.
Stocks held by means of Cotton Corporation of India (CCI), Maharashtra Cotton Federation, Multinationals, Ginners, Traders and Exchanges are anticipated at a total of approximately 29 lakh bales. Thus, the total stock held with the aid of these our bodies is predicted at seventy five.21 lakh bales.