CAI INCREASES ITS CROP ESTIMATE FOR THE COTTON SEAS...

Source: PRESS RELEASE

CAI INCREASES ITS CROP ESTIMATE FOR THE COTTON SEASON 2019-20 TO 360 LAKH BALES

 

Cotton Association of India (CAI) has released its September estimate of the cotton crop for the season 2019-20 beginning from 1st October 2019.  The CAI has increased its cotton crop estimate for 2019-20 to 360 bales of 170 Kgs. each (equivalent to 382.50 lakh running bales of 160 Kgs. each) compared to its previous estimate of 354.50 lakh bales of 170 Kgs. each (equivalent to 376.65 lakh running bales of 160 Kgs. each). The cotton crop finalised by the CAI for the last year i.e. for the crop year 2018-19 was 312.00 lakh bales of 170 kgs. each (equivalent to 331.50 lakh running bales of 160 Kgs. each). 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 are enclosed.

The Crop Committee of the Association has estimated total cotton supply till end of the cotton season i.e. upto 30^th September 2020 at 407.50 lakh bales of 170 Kgs. each (equivalent to 433 lakh running bales of 160 Kgs. each) which consists of the Opening Stock of 32.00 lakh bales of 170 Kgs. each (equivalent to 34 lakh running bales of 160 Kgs. each) at the beginning of the cotton season on 1st October 2019, crop for the season estimated at 360 lakh bales of 170 Kgs. each (equivalent to 382.50 lakh running bales of 160 Kgs. each) and imports estimated by the CAI at 15.50 lakh bales of 170 Kgs. each (equivalent to 16.47 lakh running bales of 160 Kgs. each). The imports are estimated to be lower by 16.50 lakh bales of 170 Kgs. each compared to the previous year’s estimate of 32.00 lakh bales (equivalent to 34 lakh running bales of 160 Kgs. each).

Domestic consumption for the entire crop year i.e. upto 30th September 2020 has been estimated at 250.00 lakh bales (equivalent to 265.63 lakh running bales of 160 Kgs. each)i.e. at the same level as estimated by the CAI previously. The CAI has retained its export estimate for the season at the same level as estimated by it previously i.e. at 50 lakh bales of 170 Kgs. each (equivalent to 53.13 lakh running bales of 160 Kgs. each) The carryover stock estimated at the end of the season is 107.50 lakh bales of 170 Kgs. each (equivalent to 114.22 lakh running bales of 160 Kgs. each).

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HIGHLIGHTS OF DELIBERATIONS HELD BY THE CROP COMMITTEE OF COTTON ASSOCIATION OF INDIA ON 8^TH OCTOBER 2020

Crop Committee of Cotton Association of India (CAI) has arrived at its September estimate of the cotton crop for the 2019-20 season beginning on 1st October 2019 and drawn estimated cotton balance sheet based on the data available from various trade sources, upcountry associations and other stakeholders.

The following are the highlights of deliberations of the Crop Committee of the CAI: -

 

1)                  CONSUMPTION

The CAI has retained its consumption estimate for the current crop year at the same level as estimated by it previously i.e. 250.00 lakh bales of 170 Kgs. each, which is equivalent to 265.63 lakh running bales of 160 Kgs. each. The consumption for the Season is less by 61.50 lakh bales of 170 Kgs. each (equivalent to 65.34 lakh running bales of 160 Kgs. each) compared to that of the previous cotton season mainly due to the disruptions caused on account of lockdown and the shortage of labour.

 

2)                 PRODUCTION

The CAI has increased its cotton production estimate for the season 2019-20 by 5.50 lakh bales of 170 Kgs. each to 360.00 lakh bales of 170 Kgs. each (equivalent to 382.50 lakh running bales of 160 Kgs. each) as against its production estimate of 354.50 lakh bales of 170 Kgs. each (equivalent to 376.65 lakh running bales of 160 Kgs. each) made earlier. The production estimate for the Central zone has been increased by 5.50 lakh bales of 170 Kgs. each (i.e. 2.50 lakh bales each of 170 Kgs. each in the States Gujarat and Maharashtra and 50,000 bales of 170 Kgs. each in Madhya Pradesh while increase of production estimate in the State of Telangana compared to the previous crop estimate (i.e. 52 lakh bales of 170 kgs. each as against 51 lakh bales of 170 Kgs. each estimated earlier) has been offset against reduction of 1.00 lakh bales of 170 Kgs. each in the crop estimate for Karnataka (i.e. 20 lakh bales of 170 kgs. each estimated now compared to the previous estimate of 21 lakh bales of 170 Kgs. each). 

 

3)                  IMPORTS

The estimate of the cotton imports into India for the season has been reduced by 50,000 bales of 170 Kgs. each to 15.50 lakh bales of 170 Kgs. each (equivalent to 16.47 lakh running bales of 160 Kgs. each) by the CAI as against its previous estimate of 16.00 lakh bales of 170 Kgs. each (equivalent to 17 lakh running bales of 160 Kgs. each). This import estimate is lower by 16.50 lakh bales of 170 Kgs. each (equivalent to 17.53 lakh running bales of 160 Kgs. each) compared to that estimated for the last year.

 

4)                  EXPORTS

The CAI has retained its export estimate at the same level as estimated by it previously i.e. at 50.00 lakh bales of 170 Kgs. each (equivalent to 53.13 lakh running bales of 160 Kgs. each) against the previous year’s exports estimate of 42.00 lakh bales of 170 Kgs. each (equivalent to 44.63 lakh running bales of 160 Kgs. each). 

 

5)               CLOSING STOCK AS ON 30TH SEPTEMBER    

Closing stock as on 30th September 2020 is estimated by the Committee at 107.50 lakh bales of 170 K.gs. each which is equivalent to about 114 lakh running bales of 160 kgs. each.

The meeting of the CAI Crop Committee has taken place on WhatsApp and more than 20 Members have participated.

 

Mumbai	Atul S. Ganatra
Date: 12th October 2020	President

 

COTTON ASSOCIATION OF INDIA

INDIAN COTTON CROP ESTIMATE FOR THE SEASON 2018-19 AND 2019-20

Estimated as on 30th September 2020

State          Arrivals As on           30th September 2020 2019-20   2018-19   2019-20     Total        Total    Total  Pressed (in lakh b/s of 170 kgs each) Loose  (in lakh b/s of 170 kgs each) (in lakh b/s of 170 kgs each) (in’000 Tons) (in running b/s of 160 kgs. each) Pressed (in lakh b/s of 170 kgs each) Loose  (in lakh b/s of 170 kgs each) (in lakh b/s of 170 kgs each) (in running b/s of 160 kg.) (in running b/s of 160 kgs. each)  (in lakh b/s of 170 kgs each) (in’000 Tons) (in running b/s of 160 kgs. each) Punjab 7.00 2.50 9.50 161.50 10.09 6.00 2.50 8.50 144.50 9.03 9.50 161.50 10.09 Haryana 22.50 3.00 25.50 433.50 27.09 20.00 3.00 23.00 391.00 24.44 25.50 433.50 27.09 Upper Rajasthan 12.45 0.55 13.00 221.00 13.81 12.80 0.55 13.35 226.95 14.18 13.00 221.00 13.81 Lower Rajasthan 14.45 0.55 15.00 255.00 15.94 14.10 0.55 14.65 249.05 15.57 15.00 255.00 15.94 Total North Zone 56.40 6.60 63.00 1071.00 66.94 52.90 6.60 59.50 1011.50 63.22 63.00 1071.00 66.94                             Gujarat 91.80 3.20 95.00 1615.00 100.94 84.80 3.20 88.00 1496.00 93.50 95.00 1615.00 100.94 Maharashtra 81.25 5.75 87.00 1479.00 92.44 64.25 5.75 70.00 1190.00 74.38 87.00 1479.00 92.44 Madhya Pradesh 17.30 0.70 18.00 306.00 19.13 21.93 0.70 22.63 384.71 24.04 18.00 306.00 19.13 Total Central Zone 190.35 9.65 200.00 3400.00 212.50 170.98 9.65 180.63 3070.71 191.92 200.00 3400.00 212.50                             Telangana 51.40 0.60 52.00 884.00 55.25 34.60 0.60 35.20 598.40 37.40 52.00 884.00 55.25 Andhra Pradesh 9.35 5.90 15.25 259.25 16.20 5.95 5.90 11.85 201.45 12.59 15.25 259.25 16.20 Karnataka 18.90 1.10 20.00 340.00 21.25 14.40 1.10 15.50 263.50 16.47 20.00 340.00 21.25 Tamil Nadu 2.80 2.20 5.00 85.00 5.31 2.80 2.20 5.00 85.00 5.31 5.00 85.00 5.31 Total South Zone 82.45 9.80 92.25 1568.25 98.02 57.75 9.80 67.55 1148.35 71.77 92.25 1568.25 98.02                             Orissa 3.70 0.05 3.75 63.75 3.98 3.27 0.05 3.32 56.44 3.53 3.75 63.75 3.98 Others 1.00  -   1.00 17.00 1.06 1.00 -   1.00 17.00 1.06 1.00 17.00 1.06                             Grand Total 333.90 26.10 360.00 6120.00 382.50 285.90 26.10 312.00 5304.00 331.50 360.00 6120.00 382.50

 

 

 

 

COTTON ASSOCIATION OF INDIA INDIAN COTTON BALANCE SHEET FOR THE SEASON 2018-19 AND 2019-20 Estimated as on 30th September 2020   Details 2019-20 2018-19 (in lakh b/s) (in’000 Tons) (in lakh b/s) (in’000 Tons) Supply            Opening Stock *  32.00 544.00 33.00 561.00    Crop 360.00 6120.00 312.00 5304.00    Imports 15.50 263.50 32.00 544.00 Total Supply 407.50 6927.50 377.00 6409.00 Demand            Mill Consumption 218.00 3706.00 274.50 4666.50    Consumption by SSI Units 18.00 306.00 25.00 425.00    Non- Mill Consumption 14.00 238.00 12.00 204.00 Total  Domestic Demand 250.00 4250.00 311.50 5295.50    Available Surplus 157.50 2677.50 65.50 1113.50    Exports 50.00 850.00 42.00 714.00 Closing Stock  107.50 1827.50    23.50 399.50 * One time adjustment made in the Opening stock by the CAI Statistics Committee in the meeting held in the month of January 2020.