Cotton Association of India (CAI) on Saturday decreased its estimate for the cotton crop output for the current season starting October 2021 to 315.32 lakh bales of 170 kg every, 8.31 lakh bales decrease from its earlier projection.
In the year-ago season (2020-21), the nation’s complete cotton manufacturing stood at 353 lakh bales, CAI (Cotton Association of India) mentioned in its newest estimate for the month of May this 12 months.
Giving state-wise estimates, CAI mentioned the manufacturing in Gujarat is projected at 79.75 lakh bales for the 2021-22 season. Telangana is estimated to produce 35.40 lakh bales, whereas the outputs in Maharashtra and Karnataka are estimated at 77.50 lakh bales and 20.25 lakh bales, respectively.
Meanwhile, the entire cotton provide for October 2021 to May 2022 is now estimated at 367.22 lakh bales, which incorporates the entire arrivals of 288.38 lakh bales, imports of seven lakh bales and the opening inventory of 71.84 lakh bales.
Further, CAI estimated cotton consumption for October 2021 to May 2022 at 225 lakh bales whereas the exports up to May 31, 2022 are projected at 38 lakh bales.
Stock on the finish of May is estimated at 104.22 lakh bales, together with 70 lakh bales with textile mills and the remaining 34.22 lakh bales with the Cotton Corporation of India (CCI), Maharashtra Federation and others (multinational firms, merchants, ginners, MCX, amongst others).
The CAI Crop Committee has estimated the entire cotton provide until finish of the cotton season 2021-22, that’s up to September 30, 2022 at 402.16 lakh bales, which is 11.47 lakh bales much less in contrast to 413.63 lakh bales estimated beforehand.
The complete cotton provide consists of the opening inventory of 71.84 lakh bales in the beginning of the season, crop for the season estimated at 315.32 lakh bales and the imports estimated at 15 lakh bales, it mentioned.
The home consumption is now estimated at 315 lakh bales, whereas the exports for the season have been estimated at 40 lakh bales, CAI mentioned.
The export estimate for the earlier cotton season 2020-21 was 78 lakh bales.
The carry-over inventory, which was earlier estimated at 53.63 lakh bales, is now estimated at 47.16 lakh bales, CAI added.
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