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CAI Revises Down India's 2018-19 Cotton Import Estimates To 29 Lakh Bales

11 Sep 2019 12:34 pm
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NEW DELHI (Commoditiescontrol) - The Cotton Association of India (CAI) has retained its cotton production estimate at 312 lakh bales of 170 kgs. each in its latest August month estimate for the 2018-19 season, i.e. at the same level as in the previous July month estimate.

Last year, India's cotton production was at 365 lakh bales.

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 59 lakh bales. However, there is a reduction of 10000 bales in the cotton crop estimate for Punjab and an increase of 10000 bales in the cotton crop estimate for Lower Rajasthan.

Similarly, CAI has maintained cotton crop estimate for the Central Zone at the same level as in its previous month estimate i.e. at 180.68 lakh bales although there is an increase of 50000 bales in the cotton crop estimate for Gujarat State and a reduction of 25000 bales each in the cotton crop estimate of Maharashtra and Madhya Pradesh.

There is no change in the cotton crop estimates of the remaining states. 

The total cotton supply estimated by the CAI during the period from October 2018 to August 2019 is 363.02 lakh bales of 170 kgs. each which consists of the arrivals of 307.02 lakh bales upto 31st  August 2019, imports of 23 lakh bales upto 31 st  August 2019 and the opening stock estimated by the CAI at 33 lakh bales at the beginning of the season.

Further, the CAI has estimated cotton consumption during the months of October 2018 to August 2019 at 288.75 lakh bales while the export shipment of cotton (excluding cotton waste) estimated by the CAI upto August  2019 is 43 lakh bales.

Stock at the end of August 2019 is estimated by the CAI at 31.27 lakh bales including 17.55 lakh bales with textile mills and remaining 13.72 lakh bales with CCI and others (MNCs, Traders, Ginners, etc.).

The yearly Balance Sheet projected by the CAI estimated total cotton supply till end of the cotton season i.e. upto 30th  September 2019 at 374 lakh bales which is lower by 2 lakh bales compared to the cotton supply estimated by the CAI in the previous month.

Cotton supply now estimated by the CAI upto 30th September 2019 consists of the Opening Stock of 33 lakh bales at the beginning of the cotton season and imports estimated by the CAI at 29 lakh bales, which are lower by 2 lakh bales compared to the estimate of 31 lakh bales made in the previous month and higher by 14 lakh bales compared to the previous year’s estimate at 15 lakh bales.

CAI has lowered its import estimate for the season in view of actual shipments reaching Indian ports being lower than estimated previously.

Domestic consumption estimated by the CAI for the entire crop year i.e. upto 30th  September 2019 is 315 lakh bales while the CAI has estimated exports of cotton (excluding cotton waste) for the season at 44 lakh bales, which are lower by 2 lakh bales compared to the export estimate of 46 lakh bales made during last month and which is lower by 25 lakh bales compared to the previous year’s cotton exports estimate of 69 lakh bales.

Export of cotton waste was inadvertently included in the export estimate of the CAI made during last month. This mistake has now been rectified and the export estimate has now been lowered by 2 lakh bales to arrive at the export estimate of only cotton (excluding cotton waste).

The carryover stock estimated at the end of the season is 15 lakh bales.

 

  

                                 COTTON ASSOCIATION OF INDIA
     INDIAN COTTON BALANCE SHEET FOR THE SEASON 2017-18  & 2018-19
                             Estimated as on 31st August 2019
 
Details 2018-19 2017-18
(in lakh b/s) (in’000 Tons) (in lakh b/s) (in’000 Tons)
Supply        
Opening Stock 33.00 561.00 36.00 612.00
Crop 312.00 5304.00 365.00 6205.00
Imports 29.00 493.00 15.00 255.00
Total Supply 374.00 6358.00 416.00 7072.00
Demand        
Mill Consumption 276.00 4692.00 275.00 4675.00
Consumption by SSI Units 27.00 459.00 29.00 493.00
Non- Mill Consumption 12.00 204.00 15.00 255.00
Total  Domestic Demand 315.00 5355.00 319.00 5423.00
   Available Surplus 59.00 1003.00 97.00 1649.00
   Exports 44.00 748.00 69.00 1173.00
Closing Stock               15.00 255.00              28.00 476.00


(By Commoditiescontrol Bureau) 


       
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