CAI RETAINS ITS ESTIMATE OF COTTON CROP FOR 2017-18 CROP YEAR AT 360 LAKH BALES
Cotton Association of India (CAI) has released its April estimate of the cotton crop for the season 2017-18 beginning from 1st October 2017. The CAI has retained its cotton crop estimate for the ongoing crop year 2017-18 at 360 lakh bales of 170 kgs. each. However, the CAI has made small changes in the state-wise production figures. The production figures for the states of Maharashtra and Karnataka are estimated to be higher by 2 lakh bales and 50,000 bales respectively while the production in the states of Telangana and Andhra Pradesh are now estimated lower by 1.50 lakh bales and 1 lakh bales respectively thus retaining the crop at the same level as in the previous estimate made by the CAI in the last month. 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.
While taking stock of the situation, the Statistics Committee of the Association has projected total cotton supply upto 30th April 2018 at 347 lakh bales of 170 kgs. each which consists of the arrivals of 311 lakh bales upto 30th April 2018 and imports which the Committee has estimated at 6 lakh bales upto April end. Further, the Committee has estimated cotton consumption for 7 months i.e. from October 2017 to April 2018 at 189 lakh bales at an average of 27 lakh bales per month while the shipment of cotton till 30th April 2018 has been estimated at 61 lakh bales. The stock at the end of April 2018 is estimated at 97 lakh bales including 52 lakh bales with textile mills while the remaining 45 lakh bales are estimated to be held by CCI and 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 which includes 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 are estimated to be 65 lakh bales. The carry-over stock at the end of the 2017-18 season is estimated by the CAI at 21 lakh bales.
It may be noted that the crop size of 360 lakh bales of 170 kgs. each is equal to 382.50 lakh running bales of 160 kgs. each and the estimated arrival of 311 lakh bales 170 kgs. each upto 30th April 2018 is equal to 330.50 lakh running bales of 160 kgs. each. Around 86% of the crop has already arrived in the market upto 30th April 2018. In order to avoid confusion and have more clarity on production, consumption, export and import figures, the Statistics Committee of the Association has convened another meeting on 11th June 2018 and the President has invited all its 30 crop committee members including CCI, all MNCs and textile mills associations to attend this important meeting positively.
|Date : 08/05/2018||(Atul Ganatra)|
|COTTON ASSOCIATION OF INDIA|
|INDIAN COTTON CROP ESTIMATE FOR THE SEASON 2016-17 AND 2017-18|
|Estimated as on 30th April 2018|
|State||Arrivals As on 30th April 2018|
|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)|
|Total North Zone||49.40||6.60||56.00||952.00||39.15||6.60||45.75||777.75||50.25||854.25|
|Total Central Zone||198.35||9.65||208.00||3536.00||187.85||9.65||197.50||3357.50||175.85||2989.45|
|Total South Zone||82.20||9.80||92.00||1564.00||79.20||9.80||89.00||1513.00||81.30||1382.10|