CAI again reduced its cotton crop estimate, said 323.63 lakh bales from 2021-22 season

The Crop Committee of the Cotton Association of India recently held a meeting on 13 May 2022. In this meeting, 15 prominent members from different cotton producing regions of the country participated. In the meeting, the committee arrived at the April estimates of cotton crop for the 2021-22 season and prepared an estimated cotton balance sheet based on the data received. According to this sheet, CAI has reduced its consumption estimate for the current year 2021-22 to 320 lakh bales per 170 kg. Whereas last year the consumption estimate was 335 lakh bales of 170 kg. At the same time, the consumption figure is estimated to be 200 lakh bales per 170 kg by 30 April 2022.

estimation of production

In terms of production, CAI has also reduced its production estimate for the season 2021-22. Now the estimated production is 323.63 lakh bales per 170 kg. While the previous estimate was 335.13 lakh bales per 170 kg. Have a look at the changes made in the State wise Cotton Production Estimates -

Changes in arrival figures also

Indian cotton arrivals during the months of October 2021 to April 2022 are estimated at 277.49 lakh bales per 170 kg. By 30 April 2022, about 85 percent of Indian cotton arrivals have been exhausted. According to CAI data from 2017-18 to 2019-20, 15.64 per cent of the total crop arrivals comes between May 1 and September 30. This includes the arrival of the new crop of August and September along with the current season.

A look at import-export

The import of cotton in India has been estimated at 1.5 million bales per 170 kg. Whereas the import of season 2021-22 is 5 lakh bales more than the estimate. The committee has also reduced its exports to 40 lakh bales per 170 kg. In the meeting, the committee has estimated its closing stock to be 53.63 lakh bales per 170 kg on September 30, 2022.