By admin       2018-05-10

Cotton Association of India (CAI) in a release issued on Tuesday 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 Maharashtra and Karnataka are estimated to be higher by 2 lakh bales and 50,000 bales respectively while the production in Telangana and Andhra Pradesh are now estimated to be lower by 1.50 lakh bales and 1 lakh bales respectively. CAI’s Statistics Committee has projected total cotton supply up to April 30, 2018 at 347 lakh bales of 170 kgs each which consists of the arrivals of 311 lakh bales up to 30th April 2018 and imports which the committee has estimated at 6 lakh bales up to April end. Further, the committee has estimated cotton consumption for 7 months, 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 Cotton Corporation of India (CCI) and others (MNCs, traders, ginners, etc.). 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.

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