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In its December estimate of the cotton crop for marketing time 2021-22 beginning Oct 1, 2021, the Cotton Affiliation of India (CAI) has diminished the output by 12.00 lakh bales to 348.13 lakh bales of 170 kg each and every (i.e., 369.89 lakh managing bales of 160 kg each individual) from its preceding estimate of 360.13 lakh bales of 170 kg each individual (382.64 lakh managing bales).

The whole cotton supply for the months of October 2021 to December 2021 is approximated by the CAI at 218.52 lakh bales of 170 kg each individual, which consists of the arrivals of 140.52 lakh bales, imports of 3 lakh bales, and the opening stock approximated by the CAI at 75 lakh bales at the commencing of the season.

Even further, the CAI has approximated cotton intake for the months of October 2021 to December 2021 at 86.25 lakh bales, though the export shipments up to December 31, 2021 are estimated at 18.50 lakh bales. Stock at the close of December 2021 is believed at 113.77 lakh bales, including 65 lakh bales with textile mills and the remaining 48.77 lakh bales with the CCI, Maharashtra Federation and other individuals (MNCs, traders, ginners, MCX, and so on. including the cotton bought but not shipped).

In its December estimate of the cotton crop for marketing period 2021-22 starting Oct 1, 2021, the Cotton Affiliation of India (CAI) has reduced the output by 12.00 lakh bales to 348.13 lakh bales of 170 kg every (i.e., 369.89 lakh jogging bales of 160 kg every) from its past estimate of 360.13 lakh bales of 170 kg each and every (382.64 lakh managing bales).

The CAI Crop Committee has approximated the complete cotton offer till close of the cotton season 2021-22, i.e., up to September 30, 2022 at 438.13 lakh bales. The whole cotton offer is made up of the opening stock of 75 lakh bales at the beginning of the cotton time on October 1, 2021, crop for the time estimated at 348.13 lakh bales and the imports now approximated by the CAI at 15 lakh bales, as against 10 lakh bales estimated for the earlier cotton year 2020-21.

The domestic consumption for the crop 12 months 2021-22 has been increased by the CAI by 10 lakh bales to 345 lakh bales from its previous usage estimate of 335 lakh bales. The exports for the period are retained at 48 lakh bales, i.e., at the exact stage as believed earlier. The exports estimate for the earlier cotton time 2020-21 was of 78 lakh bales. The have-around inventory at the end of the cotton season 2021-22 on September 30, 2022, is now believed by the CAI at 45.13 lakh bales as in opposition to 75 lakh bales in the past period.

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Fibre2Style Information Desk (RKS)

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