Cotton Association of India (CAI) has released its first estimate of the cotton crop for the new season 2021-22 beginning from 1st October 2021.
CAI has estimated cotton crop for the 2021-22 crop year at 360.13 lakh bales of 170 kgs. each, which is equivalent to 382.64 lakh running bales of 160 kgs. each. State-wise break up of cotton production and Balance Sheet for the Season with the corresponding data for the previous cotton season are enclosed.
This is a preliminary estimate and the Crop Committee of the CAI will re-assess the crop as the Season progresses.
The crop estimated for the 2021-22 season is more by 7.13 lakh bales of 170 kgs. each (equivalent to 7.58 lakh running bales of 160 kgs. each) than the previous year’s crop of 353.00 lakh bales of 170 kgs. each (equivalent to 375.06 lakh running bales of 160 kgs. each).
The state-wise loose cotton production figures have been adopted as per the Report of Sardar Vallabhbhai Patel International School of Textile Management on Survey of Loose Cotton Production & Consumption in India. As per this Survey Report, the loose cotton production figures for the 2020-21 crop year were less by 25% at 5.45 lakh bales of 170 kgs. each since the said crop year was a pandemic year).
Yearly Balance Sheet projected by the CAI Crop Committee estimated total cotton supply till end of the 2021-22 Season i.e. upto 30th September 2022 at 445.13 lakh bales of 170 kgs. each (i.e. 472.95 lakh running bales of 160 kgs. each), which consists of the opening stock of 75.00 lakh bales of 170 kgs. each (equivalent to 79.69 lakh running bales of 160 kgs. each) at the beginning of the Season, crop for the Season estimated at 360.13 lakh bales of 170 kgs. each (equivalent to 382.64 lakh running bales of 160 kgs. each) and imports for the Season estimated at the same level as in the last year i.e. at 10 lakh bales of 170 kgs. each (equivalent to 10.63 lakh running bales of 160 kgs. each).
Domestic consumption for the 2021-22 crop year is estimated by the CAI at the same level as in the last year i.e. at 335.00 lakh bales of 170 kgs. each (equivalent to 355.94 lakh running bales of 160 kgs. each). The exports of cotton season 2021-22 estimated by the CAI are 48.00 lakh bales of 170 kgs. each (equivalent to 51.00 lakh running bales of 160 kgs. each) as against 78 lakh bales of 170 kgs. each (equivalent to 82.88 lakh running bales of 160 kgs. each) estimated for 2020-21.
The carry over stock estimated at the end of the Season on 30th September 2022 is 62.13 lakh bales of 170 kgs each (equivalent to 66.01 lakh running bales of 160 kgs each).
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HIGHLIGHTS OF THE DELIBERATIONS HELD AT THE VIRTUAL MEETING OF THE CROP COMMITTEE OF COTTON ASSOCIATION OF INDIA ON 29TH OCTOBER 2021
Crop Committee of Cotton Association of India (CAI) held its meeting on 29th October 2021 by video conferencing. In all, 25 members across all segments of the cotton value chain in India participated in this meeting.
Based on the data available from various trade sources, upcountry associations and other stakeholders, the Committee has arrived at the first estimate of the cotton crop for the Season 2021-22 beginning from 1st October 2021 and drew estimated cotton balance sheet. The imports and exports estimates for the Season have been arrived at based on the input received from MNCs and major import-export houses.
The following are the highlights of deliberations of the Crop Committee of the CAI: –
- CONSUMPTION
The yearly consumption estimated by the CAI for the current crop year 2021-22 is 335 lakh bales of 170 kgs. each (equivalent to 355.94 lakh running bales of 160 kgs. each), which is the same as in the last year.
- PRODUCTION
The cotton crop for the season 2021-22 has been estimated by the CAI at 360.13 lakh bales of 170 kgs. each (equivalent to 382.64 lakh running bales of 160 kgs. each), which is more by 7.13 lakh bales than the previous year’s crop estimate of 353.00 lakh bales of 170 kgs. each (equivalent to 375.06 lakh running bales of 160 kgs each.
- IMPORTS
The CAI has estimated cotton imports for the 2021-22 season at the same level of 10 lakh bales of 170 kgs. each (equivalent to 10.63 lakh running bales of 160 kgs. each) as estimated by it for the last year.
- EXPORTS
The cotton exports for the 2021-22 season have been estimated by the CAI at 48.00 lakh bales of 170 kgs. each (equivalent to 51 lakh running bales of 160 kgs. each based on the input received from exporter-members. This export-estimate for the 2021-22 season is lower by 30 lakh bales compared to 78 lakh bales of 170 kgs. each (equivalent to 82.88 lakh running bales of 160 kgs. each).
- CLOSING STOCK AS ON 30THSEPTEMBER 2022
Closing stock as on 30th September 2022 estimated by the Committee is 62.13 lakh bales of 170 kgs. each (equivalent to 66.01 lakh running bales of 160 kgs. each).
