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CAIís First Estimate Pegs Cotton Output At 354.50 Lakh Bales For 2019-20

8 Nov 2019 1:02 pm
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MUMBAI (Commoditiescontrol) - The Cotton Association of India (CAI) in its first (preliminary) estimate has pegged cotton crop for the 2019-20 season beginning from 1st  October 2019 at 354.50 lakh bales of 170 kgs. each which is higher by 42.50 lakh bales compared to the previous years crop of 312 lakh bales.

The CAI will reassess the crop again in the first week of December as the season advances and make changes in the crop

figures depending on the improvement or worsening of weather conditions.

The increase in crop estimated for the 2019-20 season is on account of higher acreage under cotton than that of the previous season. Moreover, the CAI estimates yields to be higher as the country has received a good rainfall this year.

However, there are reports of damage to the crop in some pockets due to flooding on account of excess rains. Keeping this in mind, increase in crop is restricted to 13.62%.

Yearly Balance Sheet projected by the CAI estimated total cotton supply till the end of the cotton season i.e. upto 30 th September 2020 at 403 lakh bales which consists of the opening stock of 23.50 lakh bales at the beginning of the cotton season, crop for the season estimated at 354.50 lakh bales and imports estimated by the CAI at 25 lakh bales.

Domestic consumption estimated by the CAI for the 2019-20 crop year i.e. upto 30 th September 2020 is 315 lakh bales while the CAI has estimated export of cotton for the season at 42 lakh bales. The carryover stock estimated at the end of the season is 46 lakh bales.

   

       
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