NEWS BRIEFS
2020 and the opening stock estimated
by the CAI at 32.00 lakh bales at the
beginning of the season.Highlights of deliberations of the
crop committee of cotton associa-
tion of india on 4th april 2020
Further, the CAI has estimated cot-
ton consumption during the months
of October 2019 to March 2020 at
154.00 lakh bales of 170 kgs. each
while the export shipment of cotton
estimated by the CAI upto 31st March
2020 is 31.00 lakh bales of 170 kgs.
each. Stock at the end of March 2020
is estimated by the CAI at 142.53 lakh
bales including 34.00 lakh bales with
textile mills and the remaining 108.53
lakh bales with CCI and others (MNCs,
Traders, Ginners, etc.).Crop Committee of Cotton Associa-
tion of India (CAI) has arrived at its
March estimate of the cotton crop for
the 2019-20 season beginning on 1st
October 2019 and drew estimated
cotton balance sheet based on the
data available from various trade
sources, upcountry associations and
other stakeholders.
There is no change in the yearly Bal-
ance Sheet projected by the CAI and
the Crop Committee of the Associa-
tion has estimated total cotton sup-
ply till end of the cotton season i.e.
upto 30th September 2020 at 411.50
lakh bales of 170 kgs. each (i.e. at
the same level as estimated in the
previous month). Total cotton supply
consists of the Opening Stock of
32.00 lakh bales at the beginning of
the cotton season on 1st October
2019, crop for the season estimated
at 354.50 lakh bales and imports es-
timated by the CAI at 25.00 lakh
bales, which are lower by 7.00 lakh
bales compared to the previous years
estimate of 32.00 lakh bales.
Domestic consumption estimated by
the CAI for the entire crop year i.e.
upto 30th September 2020 is 331 lakh
bales i.e. at the same level as esti-
mated by the Cotton Advisory Board
in their meeting held on 28th Novem-
ber 2019. The CAI has estimated ex-
ports for the season at 42 lakh bales
i.e. at the same level as estimated in
the previous year. The carryover stock
estimated at the end of the season is
38.50 lakh bales.
The Committee has decided to meet
in the first week of May 2020 to take
stock of the situation arising on ac-
count of the unprecedented crisis of
COVID-19 Pandemic and consider
changes if any to be made in the Cot-
ton Balance Sheet for the Season.The following are the highlights of the
deliberations of Crop Committee of
Cotton association of India: -
1)
2)
3)
4)
5)The cotton crop estimate for the
season 2019-20 is retained by the
CAI at 354.50 lakh bales i.e. at
the same level as estimated by
it in the previous month and there
are no changes in the state-wise
crop figures estimated now com-
pared to the previous month ex-
cept for Haryana whose cotton
crop estimate for the Season has
been reduced by 1 lakh bales of
170 kgs. each and Lower
Rajasthan whose cotton crop es-
timate for the Season has been
increased by 1 lakh bales of 170
kgs. each.
There is no change in the projec-
tion of cotton export for the sea-
son and it is retained at 42 lakh
bales as estimated by the CAI
previously.
There is no change in the projec-
tion of import of cotton and it is
also retained at the same level
i.e. 25 lakh bales as estimated
by the CAI previously. The import
figure is lower by 7.00 lakh bales
compared to that estimated for
the last year.
The yearly consumption is esti-
mated by the CAI at 331 lakh
bales i,e. same as estimated by
the Cotton Advisory Board at its
meeting held on 28th November
2019.
The Committee has, however, de-
cided to meet during the first week
NCM-APRIL 2020
92of May 2020 to take stock of the
situation arising on account of the
unprecedented crisis of COVID-
19 Pandemic and to assess
changes if any to be made in the
cotton balance sheet for the sea-
son.
6) Indian cotton arrivals during the
months of October 2019 to
March 2020 are estimated at
283.03 lakh bales of 170 kgs.
each which are equivalent to
300.72 lakh running bales of 160
kgs. each.
7)Shipment of imports from 1st Oc-
tober 2019 to 31 March 2020
which have reached Indian Ports
are estimated at 12.50 lakh bales
while balance 12.50 lakh bales
are estimated to arrive Indian
Ports during the period from 1st
April 2020 to 30th September
2020 (total imports estimated
during the entire season are 25
lakh bales).
8)Cotton export shipments from 1st
October 2019 to 31st March 2020
which have already been shipped
are estimated at 31.00 lakh bales
while balance 11.00 lakh bales
are expected to be shipped dur-
ing the period from 1st April 2020
to 30th September 2020 (total
exports estimated during the en-
tire season are 42 lakh bales).
9)Consumption by Indian spinning
mills for 6 months i.e. from 1st
October 2019 to 31st March 2020
is estimated at 154.00 lakh bales
which are equivalent to 163.62
lakh running bales of 160 kgs.
each.
10) Cotton stock held by mills in their
godowns on 31st March 2020 is
estimated at 34.00 lakh bales
(equivalent to 36.13 lakh running
bales of 160 kgs. each). Mills
have on an average 40 days cot-
ton stock in their godowns.
11) CCI, MNCs, Ginners and MCX
are estimated to have stock of
about 108.53 lakh bales as on
31st March 2020 which is equal