CAI increases 2020-21 cotton crop estimate to 360 lakh bales

The total cotton supply for the months of October 2020 to March 2021 is estimated by the CAI at 459.26 lakh bales of 170 kg each, which consists of the arrivals of 326.76 lakh bales, imports of 7.50 lakh bales and the opening stock estimated by the CAI at 125 lakh bales at the beginning of the season. 

Further, the CAI has estimated cotton consumption for the months of October 2020 to March 2021 at 165.00 lakh bales, while the export shipments upto March 31, 2021 are estimated by the CAI at 43 lakh bales.

Stock at the end of March 2021 is estimated at 251.26 lakh bales, including 95.00 lakh bales with textile mills and the remaining 156.26 lakh bales with the CCI, Maharashtra Federation and others (MNCs, traders, ginners, MCX, etc. including the cotton sold but not delivered).

The CAI Crop Committee has estimated the total cotton supply till end of the cotton season 2020-21 i.e. upto September 30, 2021 at 496.00 lakh bales. It consists of the opening stock of 125 lakh bales at the beginning of the cotton season on October 1, crop for the season estimated at 360 lakh bales and the imports now estimated by the CAI at 11 lakh bales, which is lower by 1 lakh bale from the previous month's estimate. The imports estimate for the previous cotton season 2019-20 was 15.50 lakh bales. 

The domestic consumption estimated by the CAI has been retained at the pre-lockdown level of 330 lakh bales. The exports for the season have also been retained at 60 lakh bales. The exports estimate for the previous cotton season 2019-20 was 50 lakh bales.

The carry-over stock at the end of the cotton season 2020-21 on September 30, 2021, is estimated by the CAI at 106 lakh bales as against 107.50 lakh bales estimated for the previous cotton season 2019-20.

Fibre2Fashion News Desk (RKS)