CAI HELD ALL INDIA MEETING OF ITS NATIONAL CROP COMMITTEE WITH STAKEHOLDERS ON 10TH JULY 2023 IN MUMBAI TO ARRIVE AT ACCURATE CROP/PRESSING ESTIMATE FOR 2022-23 SEASON AND TO DRAW A COTTON BALANCE SHEET
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As notified previously, Cotton Association of India convened an All India meeting of its National Crop Committee with all stakeholders viz., all eleven upcountry cotton growing state associations, MNCs, millmembers, exporters, importers, etc. in Mumbai on Monday, the 10th July 2023. The purpose of this meeting was dwell on the current cotton scenario, exchange information and ideas and arrive at an accurate crop estimate for the ongoing crop year 2022-23, draw a cotton balance sheet based on the input received from all stakeholders and to reconcile differing crop estimates of various agencies.
The meeting was attended by 55 members including CAI Crop Committee members, most of large Indian Spinning Mills, Office Bearers of all the eleven cotton growing state associations, TEXPROCIL Chairman and SIMA Secretary-General.
The meeting discussed the state-wise pressing data provided by each state association and other input by stakeholders. Based on the input received and after extensive deliberations, the Committee arrived at total pressing numbers of all states and also drew cotton balance sheet which are enclosed:-
1. Crop for 2022-23 SEASON – ANNEXURE 1
2. BALANCE SHEET FOR 2022-23 SEASON AS ON 30TH SEPTEMBER 2023 – ANNEXURE 2
3. MONTHLY BALANCE SHEET FOR OCTOBER 2022 TO SEPTEMBER 2023 – ANNEXURE 3
4. STATE-WISE STOCK DATA – ANNEXURE 4
The meeting also dwelt on the Indian cotton consumption pattern and deliberated on the need for undertaking an independent survey to arrive at more accurate cotton consumption in India. Most of the members present in this meeting were of the view that undertaking an independent survey to assess cotton consumption in India is need of the hour and such a survey would greatly help the value chain participants to take better and informed decisions in their day-to-day operations.
