CAI NATIONAL CROP COMMITTEE AND STAKEHOLDERS MET IN LUDHIANA ON 14TH JUNE 2024 – ESTIMATED COTTON PRESSINGS/CROP FOR 2023-24 SEASON AT 317.70 LAKH BALES OF 170 KGS. EACH
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As notified previously, Cotton Association of India (CAI) convened an all India meeting of its National Crop Committee with all stakeholders in Ludhiana on Friday, the 14th June 2024.
This meeting was attended by 70 members including CAI Crop Committee members, Presidents/Secretaries of all 11 upcountry State Associations, Mill Members, MNCs, Exporters, Importers, Traders, Brokers and other prominent personalities from cotton and textile value chain in India.
Padma Bhushan Shri S.P. Oswal, Chairman and Managing Director of Vardhman Group of Companies, shared his outlook on the future of Indian Cotton and Textile Industry and gave his invaluable suggestions on how to overcome the challenges facing the industry. Among other vital suggestions, Shri Oswalji also exhorted the need for regular sharing of cotton and textile related data and the necessity of Government intervention in making such regular submission of data compulsory for all stakeholders.
In his address, the CAI President Shri Atul S. Ganatra highlighted the necessity of concerted efforts from all stakeholders in increasing cotton yields of the country, which are amongst the lowest in the world, at least to the level of world average cotton yield. He also laid emphasis on adoption of new seed technology, modern agro techniques like drip irrigation and propagating the benefits of using pheromone traps by farmers for early detection of pink bollworm infestation for proper and effective crop protection.
After detailed deliberations and based on the pressing data of various states received from respective state Associations and feedback from all stakeholders, the Committee, by consensus, arrived at the total cotton pressings/crop estimate for the ongoing 2023-24 season at 317.70 lakh bales of 170 kgs. each. Further, based on the feedback from the stakeholders, the Committee drew cotton balance sheet for eight months i.e. upto 31st May 2024 and also for the entire season ending 30th September 2024. The cotton pressing estimates and cotton balance sheets with corresponding data for previous year are enclosed herewith: -
ESTIMATES OF COTTON PRESSINGS/CROP FOR 2023-24 SEASON – ANNEXURE 1
BALANCE SHEET FOR 2023-24 SEASON AS ON 30TH SEPTEMBER 2024 – ANNEXURE 2
MONTHLY BALANCE SHEET FOR OCTOBER 2023 TO MAY 2024 – ANNEXURE 3
STATE-WISE STATEMENT OF UNSOLD STOCK AS ON 31ST MAY 2024 – ANNEXURE 4
Mumbai Atul S. Ganatra
Date: 18th June 2024 President
