By Our Staff Reporter
MUMBAI, MAY 15
The Cotton Association of India (CAI) in its April estimate of the cotton crop for the season 2021-22 beginning from 1st October 2021 has further reduced its cotton crop estimate for the 2021-22 season by 11.50 lakh bales to 323.63 lakh bales of 170 kgs. each from its previous estimate of 335.13 lakh bales of 170 kgs. each.
Mr. Atul S. Ganatra, President, CAI, informed that the total cotton supply for the months of October 2021 to April 2022 is estimated by the CAI at 358.49 lakh bales of 170 kgs. each, which consists of the arrivals of 277.49 lakh bales of 170 kgs. each, imports of 6 lakh bales of 170 kgs. each and the opening stock estimated by the CAI at 75 lakh bales of 170 kgs. each at the beginning of the season.
Further, the CAI has estimated cotton consumption for the months of October 2021 to April 2022 at 200 lakh bales of 170 kgs. each while the export shipments upto 30th April 2022 are estimated by the CAI at 36 lakh bales of 170 kgs. each. Stock at the end of April 2022 is estimated at 122.49 lakh bales of 170 kgs. each including 78 lakh bales of 170 kgs. each with textile mills and the remaining 44.49 lakh bales of 170 kgs. each with the CCI, Maharashtra Federation and others (MNCs, traders, ginners, MCX, etc. including the cotton sold but not delivered), Mr. Ganatra said.
The CAI Crop Committee, CAI Chief, said has estimated the total cotton supply till end of the cotton season 2021-22 i.e. upto 30th September 2022 at 413.63 lakh bales of 170 kgs. each which is less by 11.50 lakh bales compared to 425.13 lakh bales of 170 kgs. each estimated by the CAI previously.
The total cotton supply consists of the opening stock of 75 lakh bales of 170 kgs. each at the beginning of the cotton season on 1st October 2021, crop for the season estimated at 323.63 lakh bales of 170 kgs. each as against the previous estimate of 335.13 lakh bales of 170 kgs. each and the imports for the Season estimated at 15 lakh bales of 170 kgs. each that is at the same level as estimated previously as against the previous year’s import estimates of 10 lakh bales of 170 kgs. each.
The domestic consumption is now estimated by the CAI at 320 lakh bales of 170 kgs. each as against 340 lakh bales of 170 kgs. each estimated previously. The exports for the season have been estimated at 40 lakh bales of 170 kgs. each. The exports estimate for the previous cotton season 2020-21 was of 78 lakh bales of 170 kgs. each. The carry-over stock which was earlier estimated at 40.13 lakh bales of 170 kgs. each is now estimated at 53.63 lakh bales of 170 kgs. each. The previous year’s stock was estimated by CAI at 75 lakh bales of 170 kgs. each, Mr. Ganatra said. (Source: Tecoya Trend)