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The CAI has diminished its cotton crop estimate for the 2021-22 season by 8.00 lakh bales to 335.13 lakh bales (of 170 kg every) from its earlier estimate of 343.13 lakh bales.
“The whole cotton provide for the months of October 2021 to March 2022 is estimated by the CAI at 343.68 lakh bales, which consists of the arrivals of 262.68 lakh bales, imports of 6 lakh bales and the opening inventory estimated by the CAI at 75 lakh bales originally of the season,” mentioned CAI in a launch.
Additional, the CAI has estimated cotton consumption for the months of October 2021 to March 2022 at 175 lakh bales whereas the export shipments upto thirty first March 2022 are estimated by the CAI at 35 lakh bales.
Inventory on the finish of March 2022 is estimated at 133.68 lakh bales together with 75 lakh bales with textile mills and the remaining 58.68 lakh bales with the CCI, Maharashtra Federation and others together with the shares held by MNCs, merchants, ginners, MCX, and the cotton bought however not delivered.
The CAI Crop Committee has estimated the overall cotton provide until finish of the cotton season 2021-22 i.e. as much as thirtieth September 2022 at 425.13 lakh bales which is much less by 8 lakh bales in comparison with 433.13 lakh bales estimated by the CAI beforehand.
The whole cotton provide consists of the opening inventory of 75 lakh bales originally of the cotton season on 1st October 2021, crop for the season estimated at 335.13 lakh bales towards the earlier estimate of 343.13 lakh bales and the imports for the season estimated at 15 lakh bales every that’s on the similar stage as estimated beforehand as towards the earlier 12 months’s import estimates of 10 lakh bales.
CAI has saved the home consumption unchanged at 340 lakh bales, whereas the exports for the season have been estimated at 45 lakh bales.
The exports estimate for the earlier cotton season 2020-21 was of 78 lakh bales. The carry-over inventory which was earlier estimated at 48.13 lakh bales is now estimated at 40.13 lakh. The earlier 12 months’s inventory was estimated by CAI at 75 lakh bales for the earlier cotton season 2020-21.
The CAI has retained its consumption estimate for the present crop 12 months 2021-22 at 340 lakh bales. The earlier 12 months’s consumption estimate was 335 lakh bales.
“As much as thirty first March 2022, the consumption is estimated at 175 lakh bales,” mentioned CAI.
