Cotton Association of India (CAI) has increased its cotton crop estimate for the 2019-20 season to 360 bales of 170 kg each (equivalent to 382.50 lakh running bales of 160 kg each) compared to its previous estimate of 354.50 lakh bales of 170 kg each (equivalent to 376.65 lakh running bales). The 2019-20 cotton marketing season ended on September 30.
The cotton crop finalised by the CAI for the crop year 2018-19 was 312.00 lakh bales of 170 kg each (equivalent to 331.50 lakh running bales).
The Crop Committee of the Association has estimated total cotton supply till end of the cotton season i.e. upto September 30, 2020 at 407.50 lakh bales of 170 kg each (equivalent to 433 lakh running bales) which consists of the opening stock of 32.00 lakh bales (equivalent to 34 lakh running bales) at the beginning of the cotton season on October 1, 2019, crop for the season estimated at 360 lakh bales (equivalent to 382.50 lakh running bales), and imports estimated by the CAI at 15.50 lakh bales (equivalent to 16.47 lakh running bales).
The imports are estimated to be lower by 16.50 lakh bales compared to the previous year’s estimate of 32.00 lakh bales, CAI said in a press release.
Domestic consumption for the entire crop year i.e. upto September 30, 2020 has been estimated at 250.00 lakh bales (equivalent to 265.63 lakh running bales) i.e. at the same level as estimated by the CAI previously.
The CAI has retained its export estimate for the season at the same level as estimated by it previously i.e. at 50 lakh bales (equivalent to 53.13 lakh running bales). The carryover stock estimated at the end of the season is 107.50 lakh bales (equivalent to 114.22 lakh running bales).
