Source: Press Release

The Cotton Association of India (CAI) released its February estimate of the cotton crop for the season 2014-15. The CAI has placed the cotton crop for the season 2014-15 beginning on 1st October 2014 at 396.00 lakh bales of 170 kgs. each. 

The projected Balance Sheet drawn by the CAI for the year 2014-15 estimates total cotton supply at 465.90 lakh bales while domestic consumption is estimated at 310.00 lakh bales thus leaving an available surplus of 155.90 lakh bales. A statement containing the state-wise estimates of the crop and Balance Sheet for the season 2014-15 with the corresponding data for the previous year is given below.

The Cotton Corporation of India (CCI) needs to start making sales aggressively as they still hold a substantial portion of cotton procured by them this season. If the entire quantity of cotton held by the CCI is to be sold during this season (i.e. by September 30th), around 15 lakh bales need to be sold by them every month. There is a strong risk of triggering support price operations in the next season also if too much of stock is carried too far into the next season.

CCI also needs to follow a uniform sales policy for all sectors.

 

Mumbai

24th March 2015 

Dhiren N. Sheth

President

 

 

                                    
                                                                                   COTTON ASSOCIATION OF INDIA    
                                        INDIAN COTTON CROP ESTIMATE FOR THE SEASON 2013-14 AND 2014-15    
                                                                                       Estimated as on 28th February 2015    
             
State Crop          Arrivals As  on             28th February 2015
2014-15 2013-14 2014-15
    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) (in lakh b/s of 170 kgs each) (in’000 Tons)
Punjab 10.50 2.50 13.00 221.00 12.50 2.50 15.00 255.00 11.10 188.70
Haryana 20.50 3.00 23.50 399.50 20.50 3.00 23.50 399.50 16.05 272.85
Upper Rajasthan 5.95 0.55 6.50 110.50 4.95 0.55 5.50 93.50 5.70 96.90
Lower Rajasthan 9.95 0.55 10.50 178.50 7.70 0.55 8.25 140.25 8.85 150.45
Total North Zone 46.90 6.60 53.50 909.50 45.65 6.60 52.25 888.25 41.70 708.90
                     
Gujarat 115.80 3.20 119.00 2023.00 126.05 3.20 129.25 2197.25 66.25 1126.25
Maharashtra 76.50 5.75 82.25 1398.25 81.25 5.75 87.00 1479.00 58.75 998.75
Madhya Pradesh 17.30 0.70 18.00 306.00 18.80 0.70 19.50 331.50 13.80 234.60
Total Central Zone 209.60 9.65 219.25 3727.25 226.10 9.65 235.75 4007.75 138.80 2359.60
                     
Telangana 49.90 4.10 54.00 918.00 71.50 6.50 78.00 1326.00 47.30 804.10
Andhra Pradesh 21.60 2.40 24.00 408.00 20.90 355.30
Karnataka 30.90 1.10 32.00 544.00 27.90 1.10 29.00 493.00 20.55 349.35
Tamil Nadu 5.05 2.20 7.25 123.25 5.05 2.20 7.25 123.25 4.50 76.50
Total South Zone 107.45 9.80 117.25 1993.25 104.45 9.80 114.25 1942.25 93.25 1585.25
                     
Orissa 3.95          0.05 4.00 68.00 2.95            0.05 3.00 51.00 1.50 25.50
Others 2.00             -   2.00 34.00 2.00               -   2.00 34.00 1.00 17.00
                     
Grand Total 369.90 26.10 396.00 6732.00 381.15 26.10 407.25 6923.25 276.25 4696.25
Note Loose figures are taken for Telangana and Andhra Pradesh separately as proportionate to the crop for the purpose of accuracy.

 

COTTON ASSOCIATION OF INDIA
INDIAN COTTON BALANCE SHEET FOR THE SEASON 2013-14 and 2014-15
Estimated as on 28th February 2015
 
Details 2014-15 2013-14
(in lakh b/s) (in’000 Tons) (in lakh b/s) (in ’000Tons)
Supply        
    Opening Stock 58.90 1001.30 52.58 893.86
    Crop 396.00 6732.00 407.25 6923.25
    Imports 11.00 187.00 11.75 199.75
Total Supply 465.90 7920.30 471.58 8016.86
Demand        
    Mill Consumption 274.00 4658.00 266.68 4533.56
    Consumption by SSI Units 26.00 442.00 24.00 408.00
    Non- Mill Consumption 10.00 170.00 10.00 170.00
    Exports     112.00 1904.00
Total  Demand 310.00 5270.00 412.68 7015.56
Available Surplus 155.90 2650.30    
Closing Stock                      -                       -                  58.90 1001.30