By Our Staff Reporter MUMBAI, JAN. 14
The Cotton Association of India (CAI) today estimated the cotton arrivals as on 31st December 2012 at 102.50 lakh bales for 2012-13 cotton season.
CAI while releasing its December estimates (as on 31st December 2012) of the cotton crop for the season 2012-13 has placed the cotton crop for the season 2012-13 at 353.25 lakh bales. The projected Balance Sheet drawn by the CAI for the year 2012-13 estimated the total cotton supply at 418.46 lakh bales while the domestic consumption is estimated at 271.00 lakh bales, thus leaving an available surplus of 147.46 lakh bales, informed Mr. Dhiren Seth in a press communiqué received here today.
Mr. Sheth said that the cotton crop continues to look promising this year despite the reduction in cotton acreage. Meanwhile, it is also heartening to note that the mill sector is performing well inspite of the power cuts in south India, he added.
Meanwhile, CAI placed on record its sincere appreciation to the Government of India for raising the cap on registrations allotted to an individual exporter to 30,000 bales from 10,000 bales. The Association will continue to make efforts to do away with the ceiling and registration of cotton exports altogether, Mr. Sheth said.
COTTON ASSOCIATION OF INDIA
INDIAN COTTON CROP ESTIMATE FOR THE SEASON
2011-12 and 2012-13- Estimated as on 10th January 2013
(in lakh bales of 170 kg.)
State Crop Arrivals As on 31Dec 2012 for 2012-13 2011-12 2012-13
Punjab 18.00 15.00 7.25
Haryana 27.50 22.00 10.00
Upper Rajasthan 10.00 8.25 3.50
Lower Rajasthan 7.75 8.00 3.75
Total North Zone 63.25 53.25 24.50
Gujarat 114.00 80.00 20.50
Maharashtra 72.00 80.00 17.50
Madhya Pradesh 18.00 18.00 5.50
Total Central Zo 204.00 178.00 43.50
Andhra Pradesh 58.00 73.00 22.50
Karnataka 13.00 13.00 3.25
Tamil Nadu 5.00 5.00 0.75
Total South Zone 76.00 91.00 26.50
Orissa 2.00 3.00 0.50
Others 2.00 2.00 0.50
Total 347.25 327.25 95.50
Loose Cotton 26.00 26.00 7.00
Grand Total 373.25 353.25 102.50
COTTON ASSOCIATION OF INDIA
INDIAN COTTON BALANCE SHEET FOR THE SEASON 2011-12 and 2012-13
Estimated as on 10th January 2013 (in lakh bales of 170 kg.)
Details 2011-12 2012-13
Supply Opening Stock 53.27 53.21
Crop 373.25 353.25
Imports 9.00 12.00
Total Supply 435.52 418.46
Demand Mill Consumption 217.68 235.00
Consumption by SSI Units 21.63 20.00
Non- Mill Consumption 16.00 16.00
Exports 127.00 -
Total Demand 382.31 271.00
Available Surplus / *Closing Stock 53.21* 147.46
(Source: Tecoya Trend)