Source: PRESS RELEASE

 

                CAI MAINTAINS ITS COTTON CROP ESTIMATE FOR 2018-19 SEASON AT 315 LAKH BALES

Cotton Association (CAI) has released its May estimate of the cotton crop for the season 2018-19 beginning from 1st October 2018. CAI has retained its May estimate of the cotton crop for 2018-19 at 315 lakh bales 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 for the cotton season 2018-19 with the corresponding data for 2017-18 crop year is enclosed.

The total cotton supply estimated by the CAI during the period from October 2018 to May 2019 is 325 lakh bales of 170 kgs. each which consists of the arrivals of 287.72 lakh bales upto 31st May 2019, imports of 9.28 lakh bales upto 31st May 2019 and the opening stock at the beginning of the season on 1st October 2018 at 28 lakh bales.

Further, the CAI has estimated cotton consumption during the months of October 2018 to May 2019 at 209 lakh bales of 170 kgs. each while the export shipment of cotton estimated by the CAI upto 31st May 2019 is 44 lakh bales of 170 kgs. each. Stock at the end of May 2019 is estimated by the CAI at 72.00 lakh bales including 32.68 lakh bales with textile mills and remaining 39.32 lakh bales with CCI, MNCs and others (MNCs, Traders, Ginners, etc.).

The yearly Balance Sheet projected by the CAI estimates total cotton supply till end of the cotton season i.e. upto 30th September 2019 at 374 lakh bales of 170 kgs. each consisting of the Opening Stock of 28 lakh bales at the beginning of the cotton season and imports estimated by the CAI at 31 lakh bales, which are higher by 16 lakh bales compared to the previous year’s import estimated at 15 lakh bales.

Domestic consumption estimated by the CAI for the entire crop year i.e. upto 30th September 2019 is 315 lakh bales while the CAI has estimated exports for the season at 46 lakh bales, which are lower by 23 lakh bales compared to the previous year’s cotton exports estimate of 69 lakh bales. The carry over stock estimated at the end of the season is estimated at 13 lakh bales.

There is no change in demand, supply and closing stock numbers which are contained in the balance sheet drawn by the CAI now and the figures estimated by the CAI in the balance sheet remain the same as estimated by it in its previous estimate.

 

 

Mumbai (Atul S. Ganatra)
3rd June 2019 President
   

 

 

HIGHLIGHTS OF DELIBERATIONS HELD AT THE CROP COMMITTEE MEETING OF COTTON ASSOCIATION OF INDIA ON 31ST MAY 2019

 

Crop Committee of Cotton Association of India (CAI) met on 30th May 2019. 12 members were present. Based on the data available from various trade sources, upcountry associations and other stakeholders, the Committee arrived at its May estimate of the cotton crop for the 2018-19 season beginning on 1st October 2018 and drew estimated cotton balance sheet.

 

The following are the highlights of the deliberations at the said meeting:-

 

  1. The cotton crop estimate for the season 2018-19 is retained by the CAI at 315 lakh bales i.e. at the same level as estimated by it in the previous month.

 

  1. There is no change in the projection of cotton export for the season and the same is also retained at 46 lakh bales as estimated by the CAI previously. 

 

  1. There is no change in the projection of Import of cotton for the season and the same is also retained at 31 lakh bales as estimated by the CAI previously.

 

  1. The yearly consumption estimated by the CAI is also retained at the same level i.e. at 315 lakh bales as in the previous month.  

 

  1. Indian cotton arrivals during the months of October 2018 to May 2019 are estimated at 287.72  lakh bales. 

 

  1. Shipment of  imports during the months of October 2018 to May 2019 are estimated at 9.28 lakh bales.

 

  1. Cotton export shipments during the months of October 2018 to May 2019 are estimated at 44 lakh bales.

 

  1. Consumption by Indian spinning mills for 8 months i.e. from 1st October 2018 to 31st May 2019 is estimated at 209 lakh bales.

 

  1. Cotton stock held by mills in their godowns on 31st May 2019 is estimated at 32.68 lakh bales.  This means the mills are having about 38 to 40 days stock inside mill godowns.

 

  1. CCI, MNCs, Ginners and MCX are estimated to have stock of 39.32 lakh bales as on 31st  May 2019 which is about 42.00 lakh running bales. 

 

  1. Thus, total stock held by spinning mills and stockists on 31st May 2019 is estimated at 72 lakh bales of 170 kgs. each which is equal to about 76.00 lakh running bales.

 

  1. Due to small crop size and a very tight cotton balance sheet, closing stock as on 30th September 2019 is estimated by the Committee at 13 lakh bales of 170 kgs. each.

 

  ( Atul S. Ganatra)
  President, CAI 
   

 

 

 

COTTON ASSOCIATION OF INDIA
INDIAN COTTON CROP ESTIMATE FOR THE SEASON 2017-18 AND 2018-19   
Estimated as on 31st May 2019
State             Arrivals As on            31st May 2019
2018-19 2017-18 2018-19
    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) 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) anua (in’000 Tons)
Punjab 6.25 2.50 8.75 148.75 6.50 2.50 9.00 153.00 8.28 140.76
Haryana 20.00 3.00 23.00 391.00 20.60 3.00 23.60 401.20 21.52 365.84
Upper Rajasthan 12.45 0.55 13.00 221.00 10.60 0.55 11.15 189.55 12.89 219.13
Lower Rajasthan 13.70 0.55 14.25 242.25 11.70 0.55 12.25 208.25 14.07 239.19
Total North Zone 52.40 6.60 59.00 1003.00 49.40 6.60 56.00 952.00 56.76 964.92
                     
Gujarat 79.30 3.20 82.50 1402.50 101.80 3.20 105.00 1785.00 73.50 1249.50
Maharashtra 68.45 5.75 74.20 1261.40 77.25 5.75 83.00 1411.00 69.50 1181.50
Madhya Pradesh 22.55 0.70 23.25 395.25 20.80 0.70 21.50 365.50 21.50 365.50
Total Central Zone 170.30 9.65 179.95 3059.15 199.85 9.65 209.50 3561.50 164.50 2796.50
                     
Telangana 37.40 0.60 38.00 646.00 50.90 0.60 51.50 875.50 34.96 594.32
Andhra Pradesh 8.10 5.90 14.00 238.00 12.60 5.90 18.50 314.50 11.45 194.65
Karnataka 13.15 1.10 14.25 242.25 17.65 1.10 18.75 318.75 12.50 212.50
Tamil Nadu 3.30 2.20 5.50 93.50 3.55 2.20 5.75 97.75 3.30 56.10
Total South Zone 61.95 9.80 71.75 1219.75 84.70 9.80 94.50 1606.50 62.21 1057.57
                     
Orissa 3.25 0.05 3.30 56.10 3.95  0.05 4.00 68.00 3.25 55.25
Others 1.00  -   1.00 17.00 1.00   -   1.00 17.00  1.00 17.00
                     
Grand Total 288.90 26.10 315.00 5355.00 338.90 26.10 365.00 6205.00 287.72 4891.24

 

 
COTTON ASSOCIATION OF INDIA
INDIAN COTTON BALANCE SHEET FOR THE SEASON 2017-18 AND 2018-19
Estimated as on 31st May 2019
 
Details 2018-19 2017-18
(in lakh b/s) (in’000 Tons) (in lakh b/s) (in’000 Tons)
Supply        
   Opening Stock 28.00 476.00 36.00 612.00
   Crop 315.00 5355.00 365.00 6205.00
   Imports 31.00 527.00 15.00 255.00
Total Supply 374.00 6358.00 416.00 7072.00
Demand        
   Mill Consumption 276.00 4692.00 275.00 4675.00
   Consumption by SSI Units 27.00 459.00 29.00 493.00
    Non- Mill Consumption 12.00 204.00 15.00 255.00
Total  Domestic Demand 315.00 5355.00 319.00 5423.00
   Available Surplus 59.00 1003.00 97.00 1649.00
   Exports 46.00 782.00 69.00 1173.00
Closing Stock 13.00 221.00 28.00 476.00

 

COTTON ASSOCIATION OF INDIA
Balance Sheet of 8 months i.e. from 1.10.2018 to 31.05.2019
for the season 2018-19
Details (in lakh b/s of 170 kg) (in '000 Tons)
     
Opening Stock as on 01.10.2018 28.00 476.00
Arrivals upto 31.05.2019 287.72 4891.24
Imports upto 31.05.2019 9.28 157.76
Total Available 325.00 5525.00
     
Consumption  209.00 3553.00
Export Shipment upto 31.05.2019 44.00 748.00
Stock with Mills 32.68 555.56
Stock with CCI, MNCs & Ginners 39.32 668.44
Total 325.00 5525.00

 

 

 

AS PER COTTON ASSOCIATION OF INDIA
STOCK ON 31.05.2019
    (Figures in lakh bales of  170 kg.)  
           
STATE GINNERS MNC CCI MCX TOTAL
PUNJAB 0.10 0.10 NIL NIL 0.20
HARYANA 0.20 0.05 NIL NIL 0.25
RAJASTHAN 1.50 0.25 NIL NIL 1.75
GUJARAT 7.05 1.00 0.45 0.50 9.00
MAHARASHTRA 9.00 1.75 1.50 1.25 13.50
ANDHRA PRADESH 0.80 0.10 0.10 NIL 1.00
TELANGANA 1.50 0.60 6.60 0.17 8.87
MADHYA PRADESH 2.30 0.20 0.50 NIL 3.00
ORISSA 0.50 NIL 0.25 NIL 0.75
KARNATAKA 0.65 0.20 0.15 NIL 1.00
TOTAL 23.60 4.25 9.55 1.92 39.32

 

             



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