The Cotton Affiliation of India (CAI) has revised downward the crop estimate for the yr 2021-22 to 323.63 lakh bales (every of 170 kg) from the sooner estimates of 335.13 lakh bales.
The Crop Committee of the Cotton Affiliation of India (CAI) throughout its assembly on Friday (Could 13) estimated discount in cotton output in Gujarat (-5 lakh bales), Maharashtra (-5), Telangana (-2) and Madhya Pradesh (-1) and Karnataka (-0.5).
The estimates embrace two lakh bales enhance within the crop estimate for Tamil Nadu, following a summer time crop which can arrive in June, July and August and it additionally contains the brand new crop which can arrive in August and September.
The CAI’s discount in cotton crop comes at a time, when the cotton costs are ruling at document excessive ranges. At APMCs in Gujarat, cotton costs rule above ₹10,000 per quintal at most locations, whereas the minimal assist value (MSP) determined by the federal government is at ₹6,025 for lengthy staple and ₹5,726 for medium staple selection. In Telangana’s Warngal mandi, cotton quoted at ₹11,000 per quintal with arrivals of 105 tonnes on Could 13.
In accordance with CAI, the entire cotton provide throughout October 2021 to April 2022 is estimated at 358.49 lakh bales, which incorporates arrivals of 277.49 lakh bales, imports of 6 lakh bales and the opening inventory of 75 lakh bales originally of the season in October 2021.
CAI has pegged the consumption at 200 lakh bales together with export shipments of 36 lakh bales upto April 30, 2022. The shares on the finish of April 2022 is estimated at 122.49 lakh bales that features 78 lakh bales with textile mills and the remaining 44.49 lakh bales with the CCI, Maharashtra Federation and others.
Cotton steadiness sheet
After the revised cotton crop numbers, the estimated whole cotton provide by the top of the cotton season on September 30, 2022 is estimated at 413.63 lakh bales, decrease by 11.50 lakh bales in contrast with 425.13 lakh bales estimated earlier.
Whole cotton imports for the season is seen flat at 15 lakh bales, however greater than the earlier yr’s import estimates of 10 lakh bales.
The exports for the season is estimated at 40 lakh bales, a lot lower than 78 lakh bales estimated for the earlier yr.
The carry-over inventory is now estimated at 53.63 lakh bales in opposition to 75 lakh bales of final yr’s estimate.
The home consumption is estimated at 320 lakh bales, which was estimated at 335 lakh bales for the final yr.
Could 14, 2022