Login ID:
Password:
Partner Login
Contact Us : 7066511911

CAI Further Lowers India's Cotton Crop Estimate For 2018-19 To 330 Lakh Bales

8 Feb 2019 12:21 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - The Cotton Association of India (CAI) on Thursday lowered its estimate of the cotton crop for the third time in a row by 5 lakh bales than its previous estimate to 330 lakh bales of 170 kgs. each for the 2018-19 season.

The estimated crop size of 330 lakh bales is lowest in a decade. Following this, India is set to lose its status of 'numero-uno cotton producer' in the world to China.

The CAI in its latest January 2019 estimate for India's cotton crop, has reduced the crop estimate for Telangana by 2.50 lakh bales, Andhra Pradesh by 50,000 bales and Karnataka by 2 lakh bales. The main reason for lower crop is that in the Southern Zone farmers have uprooted their cotton plants due to moisture deficiency as a result of which there is no scope for 3rd and 4th pickings.

The total cotton supply projected by the CAI during the months of October 2018 to January 2019 is 198.80 lakh bales, which consists of the arrival of 170.32 lakh bales upto 31st January 2019, imports of 5.48 lakh bales upto 31st January 2019 and the opening stock at the beginning of the season estimated at 23 lakh bales.

Further, the CAI has estimated cotton consumption during the months of October 2018 to January 2019 at 105.34 lakh bales while the export shipment of cotton upto 31st January 2019 has been estimated at 24 lakh bales. Stock at the end of January 2019 is estimated by the CAI at 69.46 lakh bales including 39 lakh bales with textile mills and the remaining 30.46 lakh bales with CCI and others (MNCs, traders, ginners, etc.).

The CAI has also projected yearly Balance Sheet for the cotton season 2018-19 wherein total cotton supply till end of the cotton season i.e. upto 30th September 2019 has been estimated at 380 lakh bales of 170 kgs. each consisting of the opening stock of 23 lakh bales at the beginning of the season, cotton crop for the season estimated at 330 lakh bales and imports estimated by the CAI at 27 lakh bales, which are higher by 12 lakh bales compared to the previous year’s import estimated at 15 lakh bales.

The CAI has estimated domestic consumption of 316lakh bales which is lower by 4 lakh bales compared to the consumption figure estimated during the last month, while the CAI has estimated exports for the season 2018-19 at 50 lakh bales, which are lower by 19lakh bales compared to the export of 69 lakh bales estimated during the last year. The carry-over stock at the end of the 2018-19 season is estimated by the CAI at 14 lakh bales.




(By Commoditiescontrol Bureau)


N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Cotton Prices Weak In Central India; Steady In South In...
India Daily Cotton Arrivals At 123,000 Bales On Februar...
Maharashtra (Vidharba) Cotton Spot Rates As On 14 Feb
Cotton Prices Gains Further In North India On Strong Gl...
International Market Cotton Indices and Rates
more
Top 5 News
Malaysia keeps March crude palm oil export duty at zero...
India Hikes Import Duty On Pakistani Goods To 200%
Urad Quotes Lower At Chennai In Ready Business
Punjab Sugar Mill Prices – 16 february 2019.
Tur Procurement In Maharashtra Bring Poor Response As P...
Top 5 Special Reports
Weekly: ICE Cotton May See Some Recovery Next Week
Weekly Soya Market: Mixed Trend Likely On US-China Trad...
Weekly CPO: Indian CPO to Trade Mixed With US-China Tra...
Weekly Rapeseed: Expectation of Fresh Crop to Pressuriz...
Technical: Wheat Spot Delhi-Up Trend In Progress
Copyright © CC Commodity Info Services LLP. All rights reserved.