CAI ESTIMATES COTTON CROP FOR 2020-21 SEASON AT 356 LAKH BALES

Cotton Association of India (CAI) has released its first estimate of the cotton crop for the new season 2020-21 beginning from 1st October 2020.

CAI has estimated cotton crop for the 2020-21 crop year at 356 lakh bales of 170 Kgs. each, which is equivalent to 378.25 lakh running bales of 160 Kgs. each. The crop estimated for 2020-21 season is less by 4 lakh bales of 170 Kgs. each than the previous year’s crop of 360 lakh bales of 170 Kgs. each (equivalent to 382.50 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.

Reduction in cotton crop for the Season is on account of damage reported to the crop in some pockets due to the excess rains and pink bollworm infestation.

This is a preliminary estimate and the Crop Committee of the CAI will re-assess the crop as the Season progresses.

Yearly Balance Sheet projected by the CAI Crop Committee estimated total cotton supply till end of the 2020-21 Season at 477.50 lakh bales of 170 Kgs. each (i.e. 507.34 lakh bales of 160 Kgs. each), which consists of the opening stock of 107.50 lakh bales of 170 Kgs. each (114.22 lakh running bales of 160 Kgs. each) at the beginning of the Season, crop for the Season estimated at 356 lakh bales of 170 Kgs. each (378.25 lakh running bales of 160 Kgs. each) and imports for the Season estimated at 14 lakh bales of 170 Kgs. each equivalent to 14.88 lakh running bales of 160 Kgs. each.

Domestic consumption estimated by the CAI is 330 lakh bales of 170 Kgs. each (i.e. 350.62 lakh running bales of 160 Kgs. each) while export of cotton estimated for the Season is 60 lakh bales of 170 Kgs. each equivalent to 63.75 lakh running bales of 160 Kgs. each. The carry over stock estimated at the end on the Season on 30th September 2021 is 87.50 lakh bales of 170 Kgs each equivalent to 93 lakh running bales of 160 Kgs each.

HIGHLIGHTS OF THE DELIBERATIONS HELD AT THE MEETING OF THE CROP COMMITTEE OF COTTON ASSOCIATION OF INDIA ON 6TH NOVEMBER 2020

Crop Committee of Cotton Association of India (CAI) held its meeting on 6th November 2020 by video conferencing. 25 members, who attended this meeting included, among others

From Gujarat State:

1) Shri. Ajay Dalal (Secretary, Gujcot Traders Association)

2) Shri. Kishore Chheda (Manavadar)

3) Shri. Raaja Gokulgandhi

From Northern region:

1) Shri. Arun Sekhsaria

2) Shri. Pankaj Sharda

From CCI:

1) Shri. Atul Kala (GM purchase)

From MP:

• Manjeet Singh Chawla (President, Madhyanchal Cotton Ginners & Traders

  Association)

2) Shri. Rajendra Jain (Secretary, Shree Cotton Merchants’ Association )

From Telangana:

1) Shri B. Ravinder Reddy (President, Telangana Cotton Millers & Traders Welfare Association)

2) Sri Kakkirala Ramesh (Secretary, Telangana Cotton Millers & Traders Welfare Association)

From Maharashtra:

1) Shri. Bhupendra Singh Rajpal (President, Maharashtra Cotton Ginners Association )

2) Shri Shyam Makharia

3) Shri. Manish Shah

4) Shri. Rintu Pandya

4) Shri. Samir Mantri

4) Shri. Sameer Lodaya

5) Shri. Ramnivas Dayma

From Tamil Nadu and Andhra Pradesh:

1) Shri. Ashok Daga

From Karnataka:

1) Shri. Shantilal Ostawal, Secretary Karnataka Cotton Association

2) Shri. Ashok Verma, Raichur

From Orissa:

Shri. Arun Agrawal

(President, Orissa Cotton Association)

Overall guidance and report on the crop conditions of all states was given by –

1) Shri. Atul Ganatra

2) Shri. Vinay Kotak

3) Shri. Arun Sekhsaria

4) Shri. Uday Thakkar

5) Shri. Gopal Agrawal

Based on the data available from various trade sources, upcountry associations and other stakeholders, the Committee has arrived at first estimate of the cotton crop for the Season 2020-21 beginning from 1st October 2020 and drew estimated cotton balance sheet. The imports and exports estimates for the Season have been arrived at based on the input received from MMCs and major import-export houses.

The following are the highlights of deliberations of the Crop Committee of the CAI: –

1. The cotton crop for the season 2020-21 has been estimated by the CAI at 356 lakh bales of 170 Kgs. each (378.25 lakh running bales of 160 Kgs each), which is less by 4 lakh bales than the previous year’s crop estimate of 360 lakh bales of 170 Kgs each (382.50 lakh running bales of 160 Kgs each.
2. Cotton exports for the season are estimated at 60 lakh bales of 170 Kgs each equivalent to 63.75 lakh running bales of 160 Kgs each, which is higher by 10 lakh bales of 170 Kgs each from the export estimate of 50 lakh bales of 170 Kgs each (53.12 running bales of 160 Kgs each) for the previous crop year.
3. Imports of cotton are projected at 14 lakh bales of 170 Kgs each (14.87 lakh running bales of 160 Kgs each) for the season, which are less by 1.50 lakh bales of 170 Kgs each than the cotton imports of 15.50 lakh bales of 170 Kgs. each estimated by the CAI for the previous year.
4. The yearly consumption estimated by the CAI is 330 lakh bales of 170 Kgs each (350.62 lakh running bales of 160 Kgs each) which is higher by 80 lakh bales compared to that of the previous cotton season.
5. Indian cotton arrivals for the month of October 2020 are estimated at 27.16 lakh bales of 170 Kgs each (28.86 running bales of 160 Kgs each).
6. Total closing stock estimated by the CAI at the close of the cotton season 2020-21 is 87.50 lakh bales of 170 Kgs. each (93 lakh running bales of 160 Kgs each) which is less by 20 lakh bales of 170 Kgs each than that estimated for the last year.