The Cotton Association of India (CAI) has increased cotton crop estimate for 2019-20 to 360 bales of 170 kg each from its previous estimate of 354.50 lakh bales of 170 kg each. As per CAI estimates total cotton supply till end of cotton season i.e. up to September 30, 2020 was around 407.50 lakh bales of 170 kg each. This includes opening stock of 32 lakh bales of 170 kg each at the beginning of the cotton season on October 1, 2019, crop for the season estimated at 360 lakh bales of 170 kg each and imports estimated of 15.50 lakh bales of 170 kg each.
Imports are estimated to be lower than previous year’s estimates by 16.50 lakh bales. Domestic consumption for the entire crop year i.e. upto September 30, 2020 has been estimated at 250 lakh bales.
CAI has retained its export estimate for the season at the same level as estimated by it previously i.e. at 50 lakh bales of 170 kg each The carryover stock estimated at the end of the season is 107.50 lakh bales of 170 kg each.