The Cotton Association of India (CAI) has lowered its final crop estimate for the current season by 1.5 bales to 353 bales from 170 kg each. Its previous figure was 354.50 lakh. CAI maintained the crop valuation for the northern region at the same level as the previous month at 65.50 lakh bales. The estimate for the central area was reduced by 2.50 lakh bales to 191 lakh.
For Gujarat there is a decrease of 2 bales in the estimate while in Maharashtra this has also been reduced by 0.50 bales as compared to the previous estimates for these states. The estimate for the southern region was increased by 1 bale to 91.50 lakh. Karnataka and Tamil Nadu may see yield increase of 0.50 lakh bales each.
The total estimated supply by CAI for the entire cotton season, as of September 30, 2021, is 488 bales. This consists of the opening stock of 125 lakh, the cotton crop of the season estimated at 353 lakh and imports estimated at 10 lakh. Moreover, CAI estimated the domestic consumption for the entire crop year until September 2021 to be 335 bales, an increase of 5 thousand lakh.
CAI increased exports for this season by 1 lakh bales to 78 lakh bales from its previous estimate based on feedback from exporting members. The cotton export figure reached by CAI is 28 bales higher than the previous year’s cotton export estimate of 50 bales.
The stock carried over at the end of the season, i.e. on September 30, 2021, is estimated at 75 lakh bales.