CAI FURTHER LOWERS ITS COTTON CROP ESTIMATE FOR 2021-22 SEASON TO 323.63 LAKH BALES |
Cotton Association of India (CAI) has released its April estimate of the cotton crop for the season 2021-22 beginning from 1^{st} October 2021. The CAI has further reduced its cotton crop estimate for the 2021-22 season by 11.50 lakh bales to 323.63 lakh bales of 170 kgs. each (i.e. 343.86 lakh running bales of 160 kgs. each) from its previous estimate of 335.13 lakh bales of 170 kgs. each (equivalent to 356.08 lakh running bales of 160 kgs. each). The state-wise break-up of the Cotton Production and Balance Sheet for the season with the corresponding data for the previous crop year are enclosed.
The total cotton supply for the months of October 2021 to April 2022 is estimated by the CAI at 358.49 lakh bales of 170 kgs. each (equivalent to 380.90 lakh running bales of 160 kgs. each), which consists of the arrivals of 277.49 lakh bales of 170 kgs. each (equivalent to 294.83 lakh running bales of 160 kgs. each), imports of 6 lakh bales of 170 kgs. each (equivalent to 6.38 lakh running bales of 160 kgs. each) and the opening stock estimated by the CAI at 75 lakh bales of 170 kgs. each (equivalent to 79.69 lakh running bales of 160 kgs. each) at the beginning of the season.
Further, the CAI has estimated cotton consumption for the months of October 2021 to April 2022 at 200 lakh bales of 170 kgs. each (equivalent to 212.50 lakh running bales of 160 kgs. each) while the export shipments upto 30^{th} April 2022 are estimated by the CAI at 36 lakh bales of 170 kgs. each (equivalent to 38.25 lakh running bales of 160 kgs. each). Stock at the end of April 2022 is estimated at 122.49 lakh bales of 170 kgs. each (equivalent to 130.15 lakh running bales of 160 kgs. each) including 78 lakh bales of 170 kgs. each (equivalent to 82.88 lakh running bales of 160 kgs. each) with textile mills and the remaining 44.49 lakh bales of 170 kgs. each (equivalent to 47.27 lakh running bales of 160 kgs. each) with the CCI, Maharashtra Federation and others (MNCs, traders, ginners, MCX, etc. including the cotton sold but not delivered).
The CAI Crop Committee has estimated the total cotton supply till end of the cotton season 2021-22 i.e. upto 30^{th} September 2022 at 413.63 lakh bales of 170 kgs. each (equivalent to 439.48 lakh running bales of 160 kgs. each) which is less by 11.50 lakh bales compared to 425.13 lakh bales of 170 kgs. each (equivalent to 451.70 lakh running bales of 160 kgs. each) estimated by the CAI previously. The total cotton supply consists of the opening stock of 75 lakh bales of 170 kgs. each (equivalent to 79.69 lakh running bales of 160 kgs. each) at the beginning of the cotton season on 1^{st} October 2021, crop for the season estimated at 323.63 lakh bales of 170 kgs. each (equivalent to 343.86 lakh running bales of 160 kgs. each) as against the previous estimate of 335.13 lakh bales of 170 kgs. each (equivalent to 356.08 lakh running bales of 160 kgs. each) and the imports for the Season estimated at 15 lakh bales of 170 kgs. each (equivalent to 15.94 lakh running bales of 160 kgs. each) that is at the same level as estimated previously as against the previous year’s import estimates of 10 lakh bales of 170 kgs. each (equivalent to 10.63 lakh running bales of 160 kgs. each).
The domestic consumption is now estimated by the CAI at 320 lakh bales of 170 kgs. each (equivalent to 340 lakh running bales of 160 kgs. each) as against 340 lakh bales of 170 kgs. each (equivalent to 361.25 lakh running bales of 160 kgs. each) estimated previously. The exports for the season have been estimated at 40 lakh bales of 170 kgs. each (equivalent to 42.50 lakh running bales of 160 kgs. each). The exports estimate for the previous cotton season 2020-21 was of 78 lakh bales of 170 kgs. each (equivalent to 82.88 lakh running bales of 160 kgs. each). The carry-over stock which was earlier estimated at 40.13 lakh bales of 170 kgs. each (equivalent to 42.64 lakh running bales of 160 kgs. each) is now estimated at 53.63 lakh bales of 170 kgs. each (equivalent to 56.98 lakh running bales of 160 kgs. each). The previous year’s stock was estimated by CAI at 75 lakh bales of 170 kgs. each (equivalent to 79.69 lakh running bales of 160 kgs. each).
HIGHLIGHTS OF DELIBERATIONS HELD BY THE CAI CROP COMMITTEE ON 13^{TH} MAY 2022
The Crop Committee of the Cotton Association of India (CAI) held its physical meeting on Friday, the 13^{th }May 2022, which was attended by 15 members representing various cottton growing regions of the country. The Committee arrived at the April estimate of the cotton crop for the 2021-22 season and drawn the estimated cotton balance sheet based on the data available from various trade sources, upcountry associations and other stakeholders.
The following are the highlights of the deliberations held at this meeting:-
- CONSUMPTION
The CAI has reduced its consumption estimate for the current crop year 2021-22 at 320 lakh bales of 170 kgs. each (equivalent to 340 lakh running bales of 160 kgs. each) as against its previous consumption estimate of 340 lakh bales of 170 kgs. each (equivalent to 361.25 lakh running bales of 160 kgs. each). The previous year’s consumption estimate was 335 lakh bales of 170 kgs. each (equivalent to 355.94 lakh running bales of 160 kgs. each).
Upto 30^{th} April 2022, the consumption is estimated at 200 lakh bales of 170 kgs. each (equivalent to 212.50 lakh running bales of 160 kgs. each).
- PRODUCTION
The CAI has reduced its production estimate for the season 2021-22 to 323.63 lakh bales of 170 kgs. each (equivalent to 343.86 lakh running bales of 160 kgs. each) from its previous estimate of 335.13 lakh bales of 170 kgs. each (equivalent to 356.08 lakh running bales of 160 kgs. each) made earlier. The changes made in the state-wise cotton production estimates compared to those estimated during the last month are given below:-
In lakh bales of 170 kgs. each
States |
Reduction (-) /Increase (+) |
Gujarat |
-5.00 |
Maharashtra |
-5.00 |
Madhya Pradesh |
-1.00 |
Telangana |
-2.00 |
Karnataka |
-0.50 |
Tamil Nadu |
+ 2.00 |
Total |
- 11.50 |
This production estimate includes Tamil Nadu summer crop which will arrive in the months of June, July and August and it also includes the new crop which will arrive in August and September.
The Committee members will have a close watch on the cotton arrivals in the subsequent months and if any addition or reduction is required to be made in the production estimate, the same will be made in the CAI reports.
- IMPORTS
The estimate of cotton Imports into India has been maintained at 15 lakh bales of 170 kgs. each (equivalent to 15.94 lakh running bales of 160 kgs. each). The imports estimated for the 2021-22 crop year are more by 5.00 lakh bales of 170 kgs. each (equivalent to 5.31 lakh running bales of 160 kgs. each) compared to the imports estimate of 10 lakh bales of 170 kgs. each (equivalent to 10.63 lakh running bales of 160 kgs. each) for the previous crop year 2020-21.
Upto 30^{th} April 2022 about 6 lakh bales of 170 kgs. each (equivalent to 6.38 lakh running bales of 160 kgs. each) are estimated to have arrived the Indian Ports.
- EXPORTS
The Committee has reduced its cotton exports estimate to 40 lakh bales of 170 kgs. each (equivalent to 42.50 lakh running bales of 160 kgs. each) from its previous export estimate of 45 lakh bales of 170 kgs. each (equivalent to 47.81 lakh running bales of 160 kgs. each).
Upto 30^{th} April 2022, about 36 lakh bales of 170 kgs. each (equivalent to 38.25 lakh running bales of 160 kgs. each) are estimated to have been shipped.
- ARRIVALS
Indian cotton arrivals during the months of October 2021 to April 2022 are estimated at 277.49 lakh bales of 170 kgs. each (equivalent to 294.83 lakh running bales of 160 kgs. each). Upto 30^{th} April 2022, around 85% of Indian cotton arrivals are over. According to the CAI records for the cotton seasons 2017-18 to 2019-20, 15.64% of total crop arrivals are coming during the period of 1^{st} May to 30^{th} September. This includes current season as well as the new crop arrivals of August and September. Considering this, around 46 to 48 lakh bales + 5 lakh bales of 170 kgs. each are expected to arrive.
STOCK AS ON 30^{TH }APRIL 2022
The cotton stocks held by mills in their godowns on 30^{th }April 2022 are estimated at 78 lakh bales of 170 kgs. each (equivalent to 82.88 lakh running bales of 160 kgs. each). The mills have on an average 89 days’ cotton stock in their godowns.
The CCI, Maharashtra Federation, MNCs, Ginners, Traders, MCX, etc. are estimated to have a total stock of about 44.49 lakh bales of 170 kgs. each (equivalent to 47.27 lakh running bales of 160 kgs. each) as on 30^{th} April 2022.
Thus, the total stock held by spinning mills and stockists including the stock of cotton sold but not delivered on 30^{th} April 2022 is estimated at 122.49 lakh bales of 170 kgs. each (equivalent to 130.15 lakh running bales of 160 kgs. each).
- CLOSING STOCK AS ON 30^{TH} SEPTEMBER 2022
Closing stock as on 30^{th} September 2022 is estimated by the Committee at 53.63 lakh bales of 170 kgs. each (equivalent to 56.98 lakh running bales of 160 kgs. each).
Mumbai |
Atul S. Ganatra |
Date: 14^{th} May 2022 |
President |
COTTON ASSOCIATION OF INDIA | |||||||||||||
INDIAN COTTON CROP ESTIMATE FOR THE SEASON 2020-21AND 2021-22 | |||||||||||||
Estimated as on 30th April 2022 | |||||||||||||
State | Arrivals As on 30th April 2022 | ||||||||||||
2021-22 | 2020-21 | 2021-22 | |||||||||||
Total | Total | Total | |||||||||||
(in running b/s of 160 kgs. each) | Pressed (in lakh b/s of 170 kgs each) | Loose (in lakh b/s of 170 kgs each) * | (in lakh b/s of 170 kgs each) | (in’000 Tons) | (in running b/s of 160 kgs. each) | Pressed (in lakh b/s of 170 kgs each) | Loose (in lakh b/s of 170 kgs each) | (in lakh b/s of 170 kgs each) | (in’000 Tons) | (in running b/s of 160 kgs. each) | (in lakh b/s of 170 kgs each) | (in’000 Tons) | |
Punjab | 9.64 | 8.87 | 0.20 | 9.07 | 154.19 | 11.16 | 10.35 | 0.15 | 10.50 | 178.50 | 7.36 | 6.93 | 117.81 |
Haryana | 17.11 | 15.62 | 0.48 | 16.10 | 273.70 | 23.91 | 22.14 | 0.36 | 22.50 | 382.50 | 15.63 | 14.71 | 250.07 |
Upper Rajasthan | 15.24 | 14.01 | 0.33 | 14.34 | 243.78 | 20.72 | 19.25 | 0.25 | 19.50 | 331.50 | 15.39 | 14.48 | 246.16 |
Lower Rajasthan | 12.57 | 11.50 | 0.33 | 11.83 | 201.11 | 13.81 | 12.76 | 0.24 | 13.00 | 221.00 | 10.37 | 9.76 | 165.92 |
Total North Zone | 54.55 | 50.00 | 1.34 | 51.34 | 872.78 | 69.59 | 64.50 | 1.00 | 65.50 | 1113.50 | 48.75 | 45.88 | 779.96 |
Gujarat | 89.24 | 82.00 | 1.99 | 83.99 | 1427.83 | 97.22 | 90.01 | 1.49 | 91.50 | 1555.50 | 76.29 | 71.80 | 1220.60 |
Maharashtra | 84.96 | 78.50 | 1.46 | 79.96 | 1359.32 | 86.06 | 79.91 | 1.09 | 81.00 | 1377.00 | 74.11 | 69.75 | 1185.75 |
Madhya Pradesh | 20.19 | 18.50 | 0.50 | 19.00 | 323.00 | 19.66 | 18.12 | 0.38 | 18.50 | 314.50 | 18.15 | 17.08 | 290.36 |
Total Central Zone | 194.38 | 179.00 | 3.95 | 182.95 | 3110.15 | 202.94 | 188.04 | 2.96 | 191.00 | 3247.00 | 168.54 | 158.63 | 2696.71 |
Telangana | 40.28 | 37.00 | 0.91 | 37.91 | 644.47 | 46.75 | 43.31 | 0.69 | 44.00 | 748.00 | 34.53 | 32.50 | 552.50 |
Andhra Pradesh | 14.13 | 13.00 | 0.30 | 13.30 | 226.10 | 17.00 | 15.77 | 0.23 | 16.00 | 272.00 | 13.02 | 12.25 | 208.25 |
Karnataka | 22.37 | 20.50 | 0.55 | 21.05 | 357.85 | 25.50 | 23.59 | 0.41 | 24.00 | 408.00 | 19.55 | 18.40 | 312.80 |
Tamil Nadu | 12.75 | 11.86 | 0.14 | 12.00 | 204.00 | 7.97 | 7.40 | 0.10 | 7.50 | 127.50 | 5.05 | 4.75 | 80.75 |
Total South Zone | 89.53 | 82.36 | 1.90 | 84.26 | 1432.42 | 97.22 | 90.07 | 1.43 | 91.50 | 1555.50 | 72.14 | 67.90 | 1154.30 |
Orissa | 2.21 | 2.00 | 0.08 | 2.08 | 35.36 | 3.19 | 2.94 | 0.06 | 3.00 | 51.00 | 2.21 | 2.08 | 35.36 |
Others | 3.19 | 3.00 | - | 3.00 | 51.00 | 2.13 | 2.00 | - | 2.00 | 34.00 | 3.19 | 3.00 | 51.00 |
Grand Total | 343.86 | 316.36 | 7.27 | 323.63 | 5501.71 | 375.06 | 347.55 | 5.45 | 353.00 | 6001.00 | 294.83 | 277.49 | 4717.33 |
* Loose cotton production figures are as per the survey report of Sardar Vallabhbhai Patel International School of Textiles and Management for a non-covid year. |
COTTON ASSOCIATION OF INDIA | ||||
INDIAN COTTON BALANCE SHEET FOR THE SEASON 2020-21 AND 2021-22 | ||||
Estimated as on 30th April 2022 | ||||
Details | 2021-22 | 2020-21 | ||
(in lakh b/s) | (in’000 Tons) | (in lakh b/s) | (in’000 Tons) | |
Supply | ||||
Opening Stock | 75.00 | 1275.00 | 125.00 | 2125.00 |
Crop | 323.63 | 5501.71 | 353.00 | 6001.00 |
Imports | 15.00 | 255.00 | 10.00 | 170.00 |
Total Supply | 413.63 | 7031.71 | 488.00 | 8296.00 |
Demand | ||||
Mill Consumption | 285.00 | 4845.00 | 292.00 | 4964.00 |
Consumption by SSI Units | 22.00 | 374.00 | 25.00 | 425.00 |
Non- Mill Consumption | 13.00 | 221.00 | 18.00 | 306.00 |
Total Domestic Demand | 320.00 | 5440.00 | 335.00 | 5695.00 |
Available Surplus | 93.63 | 1591.71 | 153.00 | 2601.00 |
Exports | 40.00 | 765.00 | 78.00 | 1326.00 |
Closing Stock | 53.63 | 911.71 | 75.00 | 1275.00 |
COTTON ASSOCIATION OF INDIA | ||
Balance Sheet of 7 months i.e. from 1.10.2021 to 30.04.2022 | ||
for the season 2021-22 | ||
Details | (in lakh b/s of 170 kg) | (in '000 Tons) |
Opening Stock as on 01.10.2021 | 75.00 | 1275.00 |
Arrivals upto 30.04.2022 | 277.49 | 4717.33 |
Imports upto 30.04.2022 | 6.00 | 102.00 |
Total Available | 358.49 | 6094.33 |
Consumption | 200.00 | 3400.00 |
Export Shipments upto 30.04.2022 | 36.00 | 612.00 |
Stock with Mills | 78.00 | 1326.00 |
Stock with CCI, Maha. Fedn., MCX, MNCs, Ginners, Traders & Exporters | 44.49 | 756.33 |
Total | 358.49 | 6094.33 |