CAI ups 2019-20 cotton crop estimate to 360 lakh bales

2020/10 14 00:10

Cotton Affiliation of India (CAI) has elevated its cotton crop estimate for the 2019-20 season to 360 bales of 170 kg every (equal to 382.50 lakh operating bales of 160 kg every) in comparison with its earlier estimate of 354.50 lakh bales of 170 kg every (equal to 376.65 lakh operating bales). The 2019-20 cotton advertising season ended on September 30.

 

The cotton crop finalised by the CAI for the crop yr 2018-19 was 312.00 lakh bales of 170 kg every (equal to 331.50 lakh operating bales). 

 

The Crop Committee of the Affiliation has estimated whole cotton provide until finish of the cotton season i.e. upto September 30, 2020 at 407.50 lakh bales of 170 kg every (equal to 433 lakh operating bales) which consists of the opening inventory of 32.00 lakh bales (equal to 34 lakh operating bales) at the start of the cotton season on October 1, 2019, crop for the season estimated at 360 lakh bales (equal to 382.50 lakh operating bales), and imports estimated by the CAI at 15.50 lakh bales (equal to 16.47 lakh operating bales).

 

The imports are estimated to be decrease by 16.50 lakh bales in comparison with the earlier yr’s estimate of 32.00 lakh bales, CAI mentioned in a press launch.

 

Home consumption for your entire crop yr i.e. upto September 30, 2020 has been estimated at 250.00 lakh bales (equal to 265.63 lakh operating bales) i.e. on the identical degree as estimated by the CAI beforehand.

 

The CAI has retained its export estimate for the season on the identical degree as estimated by it beforehand i.e. at 50 lakh bales (equal to 53.13 lakh operating bales). The carryover inventory estimated on the finish of the season is 107.50 lakh bales (equal to 114.22 lakh operating bales).

 

Fibre2Fashion Information Desk (RKS)

Cotton Affiliation of India (CAI) has elevated its cotton crop estimate for the 2019-20 season to 360 bales of 170 kg every (equal to 382.50 lakh operating bales of 160 kg every) in comparison with its earlier estimate of 354.50 lakh bales of 170 kg every (equal to 376.65 lakh operating bales). The 2019-20 cotton advertising season ended on September 30.




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