CAI ESTIMATES A 344 LAKH BALES COTTON CROP FOR THE 2022–2023 SEASON.

 

Cotton Association of India (CAI) has released its October estimate of the cotton crop for the season 2022-23 beginning from 1^st October 2022.  The CAI has retained its cotton crop estimate for the 2022-23 season at the same level i.e 344 lakh bales of 170 kgs. each (equivalent to 365.50 lakh running bales of 160 kgs. each).  The state-wise break-up of the Cotton Production and Balance Sheet for the season with the corresponding data for the previous crop year are enclosed.

The following changes have been made in the state-wise production estimates compared to the previous crop estimate:-

State	Increase (+) Decrease (-)
Punjab	–          0.50
Haryana	–          2.00
Gujarat	+    2.50

 

The cotton supply estimated by the CAI till end of the cotton season 2022-23 i.e. upto 30^th September 2023 is 387.89 lakh bales of 170 kgs. each (equivalent to 412.13 lakh running bales of 160 kgs. each). The total cotton supply consists of the opening stock of 31.89 lakh bales of 170 kgs. each (equivalent to 33.88 lakh running bales of 160 kgs. each) at the beginning of the cotton season on 1^st October 2022, crop for the season estimated at 344 lakh bales of 170 kgs. each (equivalent to 365.50 lakh running bales of 160 kgs. each) and the imports for the season estimated by the CAI at the same level at 12 lakh bales of 170 kgs. each (equivalent to 12.75 lakh running bales of 160 kgs. each).  The import estimated by the CAI for the corresponding year 2021-22 was at 14 lakh bales of 170 kgs. each (equivalent to 14.88 lakh running bales of 160 kgs. each).

The exports for the season have been estimated at 30 lakh bales of 170 kgs. each (equivalent to 31.88 lakh running bales of 160 kgs. each) which is less by 5 lakh bales than estimated previously.  The exports estimate for the previous cotton season 2021-22 was 43 lakh bales of 170 kgs. each (equivalent to 45.69 lakh running bales of 160 kgs. each).  The carry-over stock which was earlier estimated at 32.89 lakh bales of 170 kgs. each (equivalent to 34.95 lakh running bales of 160 kgs. each) is now estimated at 57.89 lakh bales of 170 kgs. each (equivalent to 61.51 lakh bales of 160 kgs. each).

HIGHLIGHTS OF DELIBERATIONS HELD BY THE CAI CROP COMMITTEE ON 15^TH OCTOBER 2022

The Crop Committee of the Cotton Association (CAI) held its meeting on Monday, the 14^th November 2022, which was attended by 20 members representing various cotton growing regions of the country.  The Committee arrived at its October estimate of the cotton crop for the 2022-23 season and drew the estimated cotton balance sheet based on the data available from various trade sources, upcountry associations and other stakeholders.

The following are the highlights of the deliberations held at this meeting:-

1. CONSUMPTION

The cotton consumption for 2022-23 season is estimated at 300.00 lakh bales of 170 kgs. each (equivalent to 318.75 lakh running bales of 160 kgs. each) as against 320 lakh bales of 170 kgs. each (equivalent to 340.00 lakh running bales of 160 kgs. each) estimated previously.  The previous year’s consumption estimate was 318 lakh bales of 170 kgs. each (equivalent to 337.88 lakh running bales of 160 kgs. each).

1. PRODUCTION

The CAI has retained its production estimate for the season 2022-23 season at 344 lakh bales of 170 kgs. each (equivalent to 365.50 lakh running bales of 160 kgs. each).  CAI has, however, made following changes in the state-wise production estimates of the season compared to the previous crop estimate.

State	Increase (+) Decrease (-)
Punjab	–          0.50
Haryana	–          2.00
Gujarat	+    2.50

 

1. IMPORTS

The import of 12 lakh bales of 170 kgs. each (equivalent to 12.75 lakh running bales of 160 kgs. each) estimated by the CAI for the crop year 2022-23 is less by 2 lakh bales than the import estimate of 14 lakh bales of 170 kgs. each (equivalent to 14.88 lakh running bales of 160 kgs. each) for the crop year 2021-22.

1. EXPORTS

The exports for the season 2022-23 are estimated at 30 lakh bales of 170 kgs. each (equivalent to 31.88 lakh running bales of 160 kgs. each) and are less by 13 lakh bales than the exports estimate of 43.00 lakh bales of 170 kgs. each (equivalent to 45.69 lakh running bales of 160 kgs. each) for the crop year 2021-22.

1. ARRIVALS

Indian cotton arrivals during the month of October 2022 are estimated at 18.35 lakh bales of 170 kgs. each (equivalent to 19.50 lakh running bales of 160 kgs. each).

1. CLOSING STOCK AS ON 30^TH SEPTEMBER 2023

Closing stock as on 30^th September 2023 is estimated by the Committee at 57.89 lakh bales of 170 kgs. each (equivalent to 61.51 lakh running bales of 160 kgs. each).

Mumbai	Atul S. Ganatra
Date: 14th November 2022	President