The total cotton supply for the months of October 2022 and November 2022 in India is estimated at 84.68 lakh bales. So says Cotton Association of India (CAI).
The estimated cotton consumption for the months of October 2022 and November 2022 is at 40 lakh bales of 170 kgs each while the export shipments upto November 30, 2022, are estimated at one lakh bales. Stock at the end of November 2022 is estimated at 43.68 lakh bales of 170 kgs each including 35.68 lakh bales of 170 kgs each with textile mills and the remaining eight lakh bales of 170 kgs each with the CCI, Maharashtra Federation and others (MNCs, traders, ginners, MCX, etc. including cotton sold but not delivered).
Domestic consumption for the season is estimated at 300 lakh bales of 170 kgs each as against 318 lakh bales of 170 kgs each. Exports for the season are estimated at 30 lakh bales of 170 kgs each. Export estimate for the previous cotton season was 43 lakh bales of 170 kgs each. The carryover stock which was earlier estimated at 57.89 lakh bales of 170 kgs each is now estimated at 53.64 lakh bales of 170 kgs each.
