The Cotton Association of India (CAI) has retained its cotton crop forecast for the 2019-20 season, beginning from October 1, 2019, at 354.50 lakh bales of 170 kg each as in the previous estimate. The total cotton supply estimated by the CAI during October 2019 to March 2020 is 327.53 lakh bales (170 kg each) which consists of the arrivals of 283.03 lakh bales up to March 31, imports of 12.50 lakh bales and the opening stock estimated by the CAI at 32 lakh bales.
Further, the CAI estimates cotton consumption during October 2019 to March 2020 at 154 lakh bales, while the exports have been estimated at 31 lakh bales up to March 31.
Stock by the end of March is estimated to reach 142.53 lakh bales, including 34 lakh bales with textile mills and the remaining 108.53 lakh bales with Cotton Corporation of India (CCI) and others (MNCs, traders, ginners, among others).
Cotton supply up to September 30, 2020 was estimated at 411.50 lakh bales (the same level as estimated in the previous month). Domestic consumption for the entire crop stood at 331 lakh bales, the same level as estimated by the Cotton Advisory Board in their meeting held on November 28, 2019. The CAI estimated exports for the season to have been 42 lakh bales, the same level as estimated in the previous year. The carryover stock estimated at the end of the season stood at 38.50 lakh bales.