Contact us on +022 2419 3000 or indiantextilejournal.com.

CAI maintains its cotton crop estimate for 2019-20 crop year

Mar 01, 2020
CAI maintains its cotton crop estimate for 2019-20 crop year

Cotton Association of India (CAI) has released its January estimate of the cotton crop for the season 2019-20 beginning from 1st October 2019. The CAI has retained its cotton crop estimate for 2019-20 at 354.50 lakh bales of 170 kg each i.e. at the same level as in the previous estimate. A statement containing the State-wise estimate of the cotton crop and the balance sheet as on 30th September 2020 drawn by the Crop Committee of the CAI with the corresponding data for 2018-19 crop year is enclosed.

The total cotton supply estimated by the CAI during the months of October 2019 to January 2020 is 234.89 lakh bales of 170 kgs. each which consists of the arrivals of 192.89 lakh bales up to January 31, 2020 (equivalent to 205 lakh running bales of 160 kg each), imports of 10 lakh bales up to January 31, 2020 and the opening stock at the beginning of the season which has been revised by the CAI from 23.50 lakh bales to 32 lakh bales based on the feedback received from the Trade sources and as per the discussions held at the meeting of CAI Crop Committee.

Further, the CAI has estimated cotton consumption during the months of October 2019 to January 2020 at 106 lakh bales of 170 kg each (which is equivalent to 113 lakh running bales of 160 kg each) while the export shipment of cotton estimated by the CAI up to 31st January 2020 is 20 lakh bales of 170 kg each. Stock at the end of January 2020 is estimated by the CAI at 108.89 lakh bales (equivalent to 115.70 lakh running bales of 160 kgs. each) including 38 lakh bales (equivalent to 40 lakh running bales of 160 kg each) with textile mills and remaining 70.89 lakh bales with CCI and others (MNCs, Traders, Ginners, etc.). Kapas has not been considered in the stock figures.

The yearly Balance Sheet projected by the CAI estimated total cotton supply till end of the cotton season i.e. up to September 30, 2020 at 411.50 lakh bales of 170 kg each. Total cotton supply consists of the Opening Stock at the beginning of the Season which the Committee has revised from 23.50 lakh bales to 32 lakh bales as per the feedback received from Trade sources and the discussions held in the meeting, crop for the season estimated at 354.50 lakh bales and imports estimated by the CAI at 25.00 lakh bales, which are lower by 7 lakh bales compared to the previous year’s estimate at 32 lakh bales.