Source: Press Release

CAI ESTIMATES COTTON CROP FOR THE 2017-18 SEASON AT 365 LAKH BALES; INCREASES THE CROP BY 5 LAKH BALES FROM ITS PREVIOUS MONTH ESTIMATE

 

Cotton Association of India (CAI) has released its May estimate of the cotton crop for the season 2017-18 beginning from 1st October 2017. The CAI has estimated cotton crop for the ongoing 2017-18 season at 365 lakh bales of 170 kgs. each, which is higher by 5 lakh bales from its previous estimate – 3 lakh bales in Gujarat, 1 Lakh bales in Karnataka, 50,000 bales in Andhra Pradesh & 25,000 bales each in the states of Madhya Pradesh & Tamil Nadu.   This estimated increase in production figures is mainly due to the realization of higher yields more particularly in the State of Gujarat. Statements containing the state-wise estimate of the cotton crop and the Balance Sheet for the crop year 2017-18 with the corresponding data for the previous year are enclosed.

The Statistic Committee of the CAI, in its meeting held yesterday which was also attended by over 30 representative from various upcountry associations, MNCs, Ginners, Exporters, Importers, textile mills, etc, has reviewed the current cotton scenario. The total cotton supply upto 31st May, 2018 has been projected at  378.50 lakh bales which consists of the opening stock of 30 lakh bales at the beginning of the season on 1st October, 2017, the arrival of 340 lakh bales upto 31st May, 2018 and imports which the Committee has estimated at 8.50 lakh bales upto May end. Further, the Committee has estimated cotton consumption for 8 months i.e. from October, 2017 to May, 2018 at 216 lakh bales at an average of 27 Lakh bales per month while the export shipment till 31st May 2018 has been estimated at 62 lakh bales. The stock at the end of May, 2018 is estimated at 100.50 lakh bales including 58 lakh bales with textile mills while the remaining 42.50 lakh bales are estimated to be held with CCI & others (MNCs, Traders, Ginners, etc). 

The projected yearly Balance Sheet for the Season 2017-18 drawn by the CAI has estimated total cotton supply till end of the season i.e. upto 30th September 2018 at 410 lakh bales of 170 kgs. each including the opening stock of 30 lakh bales at the beginning of the season. The CAI has estimated domestic consumption for the season at 324 lakh bales while the exports for the season are estimated by the CAI at 70 lakh bales. The carry-over stock at the end of the 2017-18 crop year is estimated at 16 lakh bales.

It may be noted that the crop size of 365 lakh bales of 170 kgs. each is equal to 388 lakh running bales of 160 kgs. each and the estimated arrival of 340 lakh bales 170 kgs. each upto 31st May, 2018 is equal to 362 lakh running bales of 160 kgs. each. Around 93% of the total crop for the season has already arrived in the market upto 31st May, 2018.

 

 

Date: 12/06/2018 (Atul Ganatra)
Mumbai President
   

 

 

 

COTTON ASSOCIATION OF INDIA
INDIAN COTTON CROP ESTIMATE FOR THE SEASON 2016-17 AND 2017-18     
Estimated as on 31st May 2018
 
State           Arrivals As on          31st May 2018
2017-18 2016-17 2017-18
    Total      Total  Total 
Pressed (in lakh b/s of 170 kgs each) Loose  (in lakh b/s of 170 kgs each) (in lakh b/s of 170 kgs each) (in’000 Tons) Pressed (in lakh b/s of 170 kgs each) Loose  (in lakh b/s of 170 kgs each) (in lakh b/s of 170 kgs each) (in’000 Tons) (in lakh b/s of 170 kgs each) (in’000 Tons)
Punjab 8.50 2.50 11.00 187.00 6.25 2.50 8.75 148.75 10.00 170.00
Haryana 21.00 3.00 24.00 408.00 17.50 3.00 20.50 348.50 21.75 369.75
Upper Rajasthan 9.45 0.55 10.00 170.00 6.70 0.55 7.25 123.25 9.70 164.90
Lower Rajasthan 10.45 0.55 11.00 187.00 8.70 0.55 9.25 157.25 11.00 187.00
Total North Zone 49.40 6.60 56.00 952.00 39.15 6.60 45.75 777.75 52.45 891.65
                     
Gujarat 104.80 3.20 108.00 1836.00 85.80 3.20 89.00 1513.00 99.00 1683.00
Maharashtra 76.25 5.75 82.00 1394.00 82.25 5.75 88.00 1496.00 79.00 1343.00
Madhya Pradesh 20.55 0.70 21.25 361.25 19.80 0.70 20.50 348.50 20.50 348.50
Total Central Zone 201.60 9.65 211.25 3591.25 187.85 9.65 197.50 3357.50 198.50 3374.50
                     
Telangana 50.90 0.60 51.50 875.50 47.40 0.60 48.00 816.00 48.60 826.20
Andhra Pradesh 12.60 5.90 18.50 314.50 12.60 5.90 18.50 314.50 16.95 288.15
Karnataka 17.40 1.10 18.50 314.50 15.90 1.10 17.00 289.00 17.00 289.00
Tamil Nadu 3.05 2.20 5.25 89.25 3.30 2.20 5.50 93.50 2.50 42.50
Total South Zone 83.95 9.80 93.75 1593.75 79.20 9.80 89.00 1513.00 85.05 1445.85
                     
Orissa 2.95   0.05 3.00 51.00 2.95  0.05 3.00 51.00 3.00 51.00
Others 1.00    -   1.00 17.00 2.00     -   2.00 34.00 1.00 17.00
                     
Grand Total 338.90 26.10 365.00 6205.00 311.15 26.10 337.25 5733.25 340.00 5780.00

 

COTTON ASSOCIATION OF INDIA
INDIAN COTTON BALANCE SHEET FOR THE SEASON 2016-17 AND 2017-18
Estimated as on 31st May 2018
 
Details 2017-18 2016-17
(in lakh b/s) (in’000 Tons) (in lakh b/s) (in’000 Tons)
Supply        
  Opening Stock  30.00  510.00  36.50  620.50
  Crop  365.00  6205.00  337.25  5733.25
  Imports  15.00  255.00  27.00  459.00
Total Supply  410.00  6970.00  400.75  6812.75
Demand        
  Mill Consumption  280.00  4760.00  265.00  4505.00
  Consumption by SSI Units  29.00  493.00  27.00  459.00
  Non- Mill Consumption  15.00  255.00  15.75  267.75
Total  Domestic Demand  324.00  5508.00  307.75  5231.75
   Available Surplus  86.00  1462.00  93.00  1581.00
   Exports  70.00  1190.00  63.00  1071.00
Closing Stock  16.00  272.00  30.00  510.00

 

 

COTTON ASSOCIATION OF INDIA
Balance Sheet of 8 months i.e. from 1.10.2017 to 31.05.2018
for the season 2017-18
     
 Details  (in lakh b/s of 170 kg)  (in '000 Tons)
     
 Opening Stock as on 01.10.2017  30.00  510.00
 Arrivals upto 31.05.2018  340.00  5780.00
 Imports upto 31.05.2018  8.50  144.50
 Total Available  378.50  6434.50
     
 Consumption (27 Lakhs X 8 months)  216.00  3672.00
 Export Shipment upto 31.05.2018  62.00  1054.00
 Stock with Mills  58.00  986.00
 Stock with CCI, MNCs, MCX & Ginners  42.50  722.50
 Total  378.50  6434.50

 

 

 

 

           
AS PER COTTON ASSOCIATION OF INDIA
STOCK ON 31.05.2018
    (Figures in lakh bales of  170 kg.)
           
STATE GINNERS MNC CCI MCX TOTAL
  GUJARAT 5.45 5.00 0.25 1.00 11.70
  NORTH 2.00 4.00 0.00 0.00 6.00
  MAHARASHTRA 6.00 5.00 0.15 0.35 11.50
  M.P. 1.75 0.25 0.15 0.00 2.15
  TELANGANA 2.00 4.00 1.00 0.25 7.25
  KARNATAKA 0.50 0.75 0.40 0.00 1.65
  A.P. 1.25 1.00 0.00 0.00 2.25
  TOTAL 18.95 20.00 1.95 1.60 42.50