The Cotton Association of India (CAI) has reduced its crop estimate for the northern zone by two lakh bales from its previous month’s estimate. But there is an increase of two lakh bales in the estimate for Maharashtra as migration of the cotton crop from Maharashtra to the neighboring state is not likely to happen this year.

Domestic consumption estimated by the CAI for the entire crop year (up to September 30, 2020) is 331 lakh bales. The CAI has estimated exports for the season at 42 lakh bales, which is at the same level as estimated in the previous year. The carryover stock estimated at the end of the season is 30 lakh bales. The import figure is lower by seven lakh bales compared to that estimated for the last year. Shipment of imports from October 1, 2019, to December 31, 2019, which have reached Indian ports are estimated at 6.50 lakh bales. Cotton export shipments from October 1, 2019, to December 31, 2019, which have already been shipped are estimated at ten lakh bales.

Consumption by Indian spinning mills for three month: from October 1, 2019 to December 31, 2019, is estimated at 78 lakh bales. Cotton stock held by mills in godowns on December 31, 2019, is estimated at 30.89 lakh bales.