The Cotton Association has retained its cotton crop estimate in for 2018-19 in July at 312 lakh bales. In the last cotton season, total output stood at 365 lakh bales.
The CAI has maintained its cotton crop estimate for the Northern Zone at the same level as in its previous month’s estimate i.e. at 59 lakh bales while cotton crop estimate for the Central Zone has been increased by 50000 bales.
There is an increase of 1 lakh bales in the cotton crop for Gujarat state i.e. 87 lakh bales of 170 kgs. each compared to the cotton crop estimate of 86 lakh bales made by the CAI during last month while there is a reduction of 50000 bales in the cotton crop estimate of Maharashtra State i.e. 70.50 lakh bales compared to 71 lakh bales estimated by the CAI during last month.
Also, there is a reduction of 50000 bales in the cotton crop estimate of the CAI for Tamil Nadu State compared to the previous month’s estimate.
The total cotton supply estimated by the CAI during the period from October 2018 to July 2019 is 353.80 lakh bales of 170 kgs. each which consists of the arrivals of 305.52 lakh bales upto 31st July 2019, imports of 15.28 lakh bales upto 31st July 2019 and the opening stock estimated by the CAI at 33 lakh bales at the beginning of the season.
Further, the CAI has estimated cotton consumption during the months of October 2018 to July 2019 at 263.50 lakh bales of 170 kgs. each while the export shipment of cotton estimated by the CAI upto 31st July 2019 is 44.50 lakh bales of 170 kgs. Each.
Stock at the end of July 2019 is estimated by the CAI at 45.80 lakh bales including 25.86 lakh bales with textile mills and remaining 19.94 lakh bales with CCI and others (MNCs, Traders, Ginners, etc.).
Domestic consumption estimated by the CAI for the entire crop year i.e. upto 30th September 2019 is 315 lakh bales while the CAI has estimated exports for the season at 46 lakh bales, which are lower by 23 lakh bales compared to the previous year’s cotton exports estimate of 69 lakh bales. The carryover stock estimated at the end of the season is 15 lakh bales.