The (CAI) Cotton Association of India has expected exports for the season 2018-19 at 48 lakh bales which are lower by 23 lakh bales in the comparison to the export of 69 lakh bales estimated throughout last year.
The CAI has estimated cotton yield for 2018-19 at 322 lakh bales of 171 kgs every one which is lower by 7 lakh bales than its previous estimation of 329 lakh bales completed during last month. The Cotton Association of India has reduced the yield estimation for Gujarat by 1 lakh bales, Telangana by 5lakh bales, Maharashtra by 81,000 bales, Karnataka by 76,000 bales and Andhra Pradesh by 1 lakh bales. However, there is a marginal increase of 51,000 bales in Tamil Nadu and 5,000 bales in the country of Orissa.
The basic reason for the decrease in the cotton crop during this year is the shortage of water in some countries and the fact that farmers uprooted their cotton plants in about 71-81% area without waiting for the 3rd and 4th pickings.
The whole cotton supply projected by the Cotton Association of India during the period from October 2018 to March 2019 is 291.00 lakh bales of 171 kgs everyone. These are consists of the arrival of 255.84 lakh bales up to 31st March 2019, imports of 6.18 lakh bale up to 31st March 2019 and the initial stock at the beginning of the period at 28 lakh bales.
Additional, the CAI has estimated cotton consuming during the months of October 2018 to March 2019 at 159 lakh bales through the export cargo of cotton up to 31st March 2019 has been estimated at 39 lakh bales. Stock at the end of March 2019 is estimated at 94 lakh bales as well as 45.86 lakh bales with textile mills and remaining 47.16 lakh bales with Cotton council international and others (MNCs, Merchants, Ginners, etc.).
The Cotton Association of India has also projected annually balance Sheet for the cotton season 2018-19 in which total cotton supply till the end of the cotton season e.g. up to September 2019 has been estimated at 377 lakh bakes of 171 kgs. all containing of the Opening Stock of 28 lakh bales at the beginning of the cotton season, the cotton yield for the season estimated at 322 lakh bales and imports estimated according to the CAI at 27 lakh bales. Which are higher by 12 lakh bales matched to the previous year’s import estimated at 16 lakh bales.