The CAI has maintained its cotton crop estimate for the Northern Zone at the same level as in its previous month’s estimate i.e. at 65.50 lakh bales.

The cotton crop estimate for the Central Zone has been reduced by 2.50 lakh bales to 191.00 lakh bales from 193.50 lakh bales estimated previously. There is a reduction of 2.00 lakh bales in the crop estimate for Gujarat state while the crop estimate of Maharashtra has been reduced by 0.50 lakh bales compared to the estimates of these states made previously.

The cotton crop estimate for Southern Zone has been increased by 1.00 lakh bales to 91.50 lakh bales compared to the previous estimate of 90.50 lakh bales. The cotton crop for Karnataka and Tamil Nadu are estimated higher by 0.50 lakh bales each, whereas the cotton crop estimates for the states of Telangana, Orissa and Andhra Pradesh have been maintained at the same levels as estimated previously.

The yearly Cotton Balance Sheet finalised by the CAI works out total cotton supply till end of the cotton season i.e. up to September 30, 2021 at 488 lakh bales, consisting of the Opening Stock of 125 lakh bales at the beginning of the cotton season, cotton crop for the season estimated at 353 lakh bales, and imports estimated by the CAI at 10 lakh bales, which are lower by 5.50 lakh bales from the previous year’s import estimated at 15.50 lakh bales.

Domestic consumption for the entire crop year i.e. up to September 30, 2021 now arrived by the CAI is higher by 5 lakh bales to 335 lakh bales.

The CAI has also increased exports for the season by 1.00 lakh bales to 78.00 lakh bales from its previous estimate of 77 lakh bales based on the feedback received from exporter members. This cotton export figure now arrived by the CAI is higher by 28 lakh bales from the previous year’s cotton exports estimate of 50 lakh bales.

The carryover stock at the end of the season i.e. on September 30, 2021 is now arrived at 75.00 lakh bales compared to 125 lakh bales at the beginning of the season.

Fibre2Fashion News Desk (RKS)