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COTTON ASSOCIATION OF INDIA REDUCES ITS COTTON CROP ESTIMATE FOR THE 2017-18 CROP YEAR BY 5 LAKH BALES TO 362 LAKH BALES |
Cotton Association of India (CAI) has released its February 2018 estimate of the cotton crop for 2017-18 crop year beginning from 1st October 2017. In this latest estimate, the CAI has estimated cotton crop for the ongoing 2017-18 crop year at 362 lakh bales of 170 kgs. each which is lower by 5 lakh bales than its previous estimate of 367 lakh bales made in the month of February 2018. This lower production estimate of 5 lakh bales consists of 2 lakh bales each now estimated lower in the States of Andhra Pradesh and Karnataka, while production in ‘other states’ is estimated lower by 1 lakh bales of 170 kgs. each. The CAI has lowered its cotton crop estimate mainly due to the crop damage on account of severe pink bollworm infestation and the scarcity of water in some states. A statement containing the state-wise estimate of the cotton crop and the Balance Sheet for the cotton season 2017-18 with the corresponding data for the year 2016-17 is enclosed.
The projected Balance Sheet drawn by the CAI has estimated total cotton supply for the season at 412 lakh bales of 170 kgs. each which includes the opening stock of 30 lakh bales at the beginning of the season and the imports which the CAI has retained at 20 lakh bales as in the previous month. The CAI has estimated domestic consumption at 330 lakh bales which is 10 lakh higher than that estimated in the previous month. The increase in consumption estimated for the 2017-18 season is on account of the fact that several new textile mills in Gujarat and other states have already started operations resulting in 35 lakh new spindles. Moreover, the consumption of raw cotton has also seen a jump as the prices of PSF have gone up by more than 20%. The CAI has also estimated an increase in exports for the season from 55 lakh bales to 60 lakh bales because of surge in demand for Indian cotton and increase in ICE futures prices. The carry-over stock at the end of this season on 30th September 2018 is estimated to be 22 lakh bales which is lower by 20 lakh bales than the previous closing stock of 42 lakh bales estimated in the previous month.
As per the data received from various trade sources, the CAI estimates cotton arrivals upto 28th February 2018 at 247.10 lakh bales.
| Atul S. Ganatra | |
| Mumbai | President |
| 12th March 2018 |
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| COTTON ASSOCIATION OF INDIA | ||||||||||
| INDIAN COTTON CROP ESTIMATE FOR THE SEASON 2016-17 AND 2017-18 | ||||||||||
| Estimated as on 28th February 2018 | ||||||||||
| State | Arrivals As on 28th February 2018 | |||||||||
| 2017-18 | 2016-17 | 2017-18 | ||||||||
| 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 | 8.50 | 2.50 | 11.00 | 187.00 | 6.25 | 2.50 | 8.75 | 148.75 | 7.55 | 128.35 |
| Haryana | 21.00 | 3.00 | 24.00 | 408.00 | 17.50 | 3.00 | 20.50 | 348.50 | 17.70 | 300.90 |
| Upper Rajasthan | 9.45 | 0.55 | 10.00 | 170.00 | 6.70 | 0.55 | 7.25 | 123.25 | 8.15 | 138.55 |
| Lower Rajasthan | 10.45 | 0.55 | 11.00 | 187.00 | 8.70 | 0.55 | 9.25 | 157.25 | 9.40 | 159.80 |
| Total North Zone | 49.40 | 6.60 | 56.00 | 952.00 | 39.15 | 6.60 | 45.75 | 777.75 | 42.80 | 727.60 |
| Gujarat | 101.80 | 3.20 | 105.00 | 1785.00 | 85.80 | 3.20 | 89.00 | 1513.00 | 65.00 | 1105.00 |
| Maharashtra | 75.25 | 5.75 | 81.00 | 1377.00 | 82.25 | 5.75 | 88.00 | 1496.00 | 58.00 | 986.00 |
| Madhya Pradesh | 20.30 | 0.70 | 21.00 | 357.00 | 19.80 | 0.70 | 20.50 | 348.50 | 16.00 | 272.00 |
| Total Central Zone | 197.35 | 9.65 | 207.00 | 3519.00 | 187.85 | 9.65 | 197.50 | 3357.50 | 139.00 | 2363.00 |
| Telangana | 52.40 | 0.60 | 53.00 | 901.00 | 47.40 | 0.60 | 48.00 | 816.00 | 38.00 | 646.00 |
| Andhra Pradesh | 13.10 | 5.90 | 19.00 | 323.00 | 12.60 | 5.90 | 18.50 | 314.50 | 10.10 | 171.70 |
| Karnataka | 16.90 | 1.10 | 18.00 | 306.00 | 15.90 | 1.10 | 17.00 | 289.00 | 12.70 | 215.90 |
| Tamil Nadu | 2.80 | 2.20 | 5.00 | 85.00 | 3.30 | 2.20 | 5.50 | 93.50 | 2.00 | 34.00 |
| Total South Zone | 85.20 | 9.80 | 95.00 | 1615.00 | 79.20 | 9.80 | 89.00 | 1513.00 | 62.80 | 1067.60 |
| Orissa | 2.95 | 0.05 | 3.00 | 51.00 | 2.95 | 0.05 | 3.00 | 51.00 | 2.00 | 34.00 |
| Others | 1.00 | - | 1.00 | 17.00 | 2.00 | - | 2.00 | 34.00 | 0.50 | 8.50 |
| Grand Total | 335.90 | 26.10 | 362.00 | 6154.00 | 311.15 | 26.10 | 337.25 | 5733.25 | 247.10 | 4200.70 |
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| COTTON ASSOCIATION OF INDIA | ||||
| INDIAN COTTON BALANCE SHEET FOR THE SEASON 2016-17 AND 2017-18 | ||||
| Estimated as on 28th February 2018 | ||||
| Details | 2017-18 | 2016-17 | ||
| (in lakh b/s) | (in’000 Tons) | (in lakh b/s) | (in’000 Tons) | |
| Supply | ||||
| Opening Stock | 30.00 | 510.00 | 36.50 | 620.50 |
| Crop | 362.00 | 6154.00 | 337.25 | 5733.25 |
| Imports | 20.00 | 340.00 | 27.00 | 459.00 |
| Total Supply | 412.00 | 7004.00 | 400.75 | 6812.75 |
| Demand | ||||
| Mill Consumption | 285.00 | 4845.00 | 265.00 | 4505.00 |
| Consumption by SSI Units | 30.00 | 510.00 | 27.00 | 459.00 |
| Non- Mill Consumption | 15.00 | 255.00 | 15.75 | 267.75 |
| Total Domestic Demand | 330.00 | 5610.00 | 307.75 | 5231.75 |
| Available Surplus | 82.00 | 1394.00 | 93.00 | 1581.00 |
| Exports | 60.00 | 1020.00 | 63.00 | 1071.00 |
| Closing Stock | 22.00 | 374.00 | 30.00 | 510.00 |