By its Press Release dated the 30th October 2021, the Cotton Association of India (CAI) had released its first estimate of the cotton crop for the new season 2021-22 beginning from 1st October 2021 at 360.13 lakh bales of 170 kgs. each, which is equivalent to 382.64 lakh running bales of 160 kgs. each. The CAI has now released the October month arrivals and the monthly cotton balance sheet.
CAI has estimated cotton arrivals for the month of October 2021 at 31.12 lakh bales of 170 kgs. each (equivalent to 33.07 lakh running bales of 160 kgs. each).
CAI has also released its monthly balance sheet for October 2021 and estimated total cotton supply at 107.12 lakh bales of 170 kgs. each (equivalent to 113.82 lakh running bales of 160 kgs. each), which consists of the arrivals of 31.12 lakh bales of 170 kgs. each, imports of 1 lakh bales of 170 kgs. each (equivalent to 1.06 lakh running bales of 160 kgs. each) during the month of October 2021 and Opening Stock of 75 lakh bales of 170 kgs. each (equivalent to 79.69 lakh running bales of 160 kgs. each) at the beginning of the season on 1st October 2021.
Further, the CAI has estimated cotton consumption for the month of October 2021 at 27.91 lakh bales of 170 kgs. each (equivalent to 29.65 lakh running bales of 160 kgs. each) while export shipment of cotton upto 31st October 2021 is estimated at 4.00 lakh bales of 170 kgs. each (equivalent to 4.25 lakh running bales of 160 kgs. each).
Stock at the end of October 2021 is estimated at 75.21 lakh bales of 170 kgs. each (equivalent to 79.91 lakh running bales of 160 kgs. each). The cotton stock held by mills in their godown on 31st October 2021 is estimated at 46.21 lakh bales of 170 kgs. each (equivalent to 50 lakh running bales of 160 kgs. each). The mills have on an average 50 days stock in their godown. The CCI, Maharashtra Fedn., MNCs, Ginners, Traders and Exchanges are estimated to have a total stock of about 29 lakh bales of 170 kgs. each (equivalent to 30.81 lakh running bales of 160 kgs. each) as on 31st October 2021. Thus, the total stock by Spinning mills and stockists including the stock of cotton sold but not lifted on 31st October 2021 with CCI and Maharashtra Fedn. is estimated at 75.21 lakh bales of 170 kgs. each (equivalent to 79.91 lakh running bales of 160 kgs. each).
The CAI cotton crop estimate of 360.13 lakh bales of 170 kgs. each (equivalent to 382.64 lakh running bales of 160 kgs. each) and the yearly cotton balance sheet as notified earlier by the CAI vide its Press Release dated 30th October 2021 remain unchanged. The CAI crop estimate for the cotton season 2021-22 containing state-wise break-up of the crop and October arrivals now released by the CAI, monthly cotton balance sheet for the month of October as well as the yearly cotton balance sheet for the entire cotton season 2021-ss with the corresponding date for the previous year are enclosed.
