Login ID:
Password:
Partner Login
Contact Us : 7066511911

CAI’s First Estimate Pegs Cotton Output At 354.50 Lakh Bales For 2019-20

8 Nov 2019 1:02 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

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.

   

       
  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
ICE Cotton Moves Down On US-China Trade Deal Uncertaint...
Yarn Prices as on 13th November, 2019
India's 2019-20 Daily Cotton Arrivals Down 5.7% Y/Y At ...
Demand Pushes Up Cotton Prices In Lower Rajasthan
Cotton Rules Mostly Steady In Central, South India
more
Top 5 News
ICE Cotton Moves Down On US-China Trade Deal Uncertaint...
Argentina, Brazil And US Soy Meal FOB Rates On November...
Argentina And Brazil Soy Oil FOB Rates of Seller And Bu...
Domestic Urad Drops At Major Markets; Imported Variety ...
Chana Trades Firm At Spot Markets
Top 5 Special Reports
USD/INR (Nov. ’19) – Bullish Breakout Confirmed – Hold ...
Pigeon Pea (TUR) Spot (Mumbai INR) – Bullish Primary Tr...
Pigeon Pea (TUR) Spot (BURMA USD) – Close to a Bullish...
USD/INR (Nov. ’19) – Approaching Resistance Near 71.50 ...
USD/MYR
Copyright © CC Commodity Info Services LLP. All rights reserved.