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Cotton production to reach 360 lakh bales in 2020-21

  

As per April estimate released by the Cotton Association of India (CAI), cotton production in the 2020-21 season is estimated to reach 360 lakh bales of 170 kg each. The total cotton supply for the months of October 2020 to April 2021 is estimated to reach 469.37 lakh bales which consists of the arrivals of 336.37 lakh bales, imports of 8 lakh bales each and the opening stock of 125 lakh bales at the beginning of the season.

Further, the CAI has estimated cotton consumption during the months of October 2020 to April 2021 to reach 190 lakh bales of 170 kgs. each while the export shipments upto April 30. 2021 are estimated at 50 lakh bales.

Stock at the end of April 2021 is estimated at 229.37 lakh including 95.00 lakh bales with textile mills and the remaining 134.37 lakh bales 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 2020-21 at the same level at 496.00 lakh bales upto September 30. 2021. The total cotton supply consists of the opening stock of 125 lakh bales at the beginning of the cotton season on October 01, 2020, crop for the season estimated at 360 lakh bales and the imports of 11 lakh bales The imports estimate for the previous cotton season 2019-20 was of 15.50 lakh bales

The domestic consumption estimated by the CAI has been reduced by 15 lakh bales to 315 lakh bales from its previous estimate of 330 lakh bales. The exports for the season have been estimated by CAI at 65 lakh bales which are higher by 5 lakh bales than 60 lakh bales estimated previously.

 
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