Cotton output estimates to remain at 354.5 lakh bales
The Cotton Association of India (CAI), in its latest February, 2020 report released recently, has retained its cotton crop estimate for 2019-20 season beginning October 1, 2019, at 354.50 lakh bales of 170 kg each i.e. at the same level as in the previous estimate of January 2020. Opening stock at the beginning of the season is estimated at 32 lakh bales. The total cotton supply estimated by the CAI during the months from October 2019 to February 2020 is 298.43 lakh bales, which consists of the arrivals of 254.43 lakh bales up to February 29, 2020, imports of 12 lakh bales up to February 29, and the opening stock of 32.00 lakh bales. The yearly Balance Sheet projected by the CAI estimated total cotton supply till end of the cotton season i.e. up to September 30, 2020 at 411.50 lakh bales. Total cotton supply consists of the opening stock of 32.00 lakh bales at the beginning of the cotton season on October 1, 2019, crop for the season estimated at 354.50 lakh bales, and imports estimated at 25.00 lakh bales, which are lower by 7.00 lakh bales compared to the previous year’s estimate of 32.00 lakh bales. Domestic consumption estimated by the CAI for the entire crop year i.e. up to September 30, 2020 is 331 lakh bales. The CAI has estimated exports 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.