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Cotton demand, production, supply remain below estimates during the 2021-22 season: CAI

 

Cotton demand production supply remain below estimates during the 2021 22 season CAI

Against its earlier prediction of cotton production reaching 323.63 lakh bales of 170 kg each, during the 2021-22 season, Cotton Association of India (CAI) now estimates, cotton production for the season, starting from October 01, 2021 to May 2022, declined by 8.31 lakh bales to 315.31 lakh bales of 170 kg each.

Demand declines to 315 bales

Cotton demand declined during the current crop year to 315 lakh bales of 170 kg each as against the previous demand estimate of 320 lakh bales of 170 kg each. Domestic demand for cotton is estimated to have reached 225 lakh bales of 170 kg till May 31, 2022. Export shipments until the period are estimated to have reached 38 lakh bales of 170 kg each. CAI is estimated to have left with stocks equivalent to 104.22 lakh bales of 170 kg each by May 21, 2022. This included 70 lakh bales of 170 kg each stocks with textile mills, and the remaining 34.22 lakh bales of 170 kg each stocks with the CCI, Maharashtra Federation and others.

Opening stock remains stagnant

CAI further estimates, the association supplied 368.22 lakh cotton bales of 170 kg each from October 2021-May 2022. This mainly included arrivals of 288.38 lakh bales of 170 kg each, 7 lakh bales imports of 170 kg each and the opening stock of 71.84 lakh bales of 170 kg each at the beginning of the season. The opening stock for the season is estimated to have been 71.84 lakh bales of 170 kg each. This is equivalent to stock finalized by the Committee on Cotton Production and Consumption (COCPC) at its meeting on May 23, 2022 by revising its crop estimate by 3.16 lakh bales of 170 kg each in its earlier opening stock estimate of 75 lakh bales of 170 kg each.

Supply declines by 11.47 lakh bales

As per CAI Crop Committee, total cotton supply till September 30, 2021 declined by 11.47 lakh bales to 402.16 lakh bales of 170 kg each as against it previous estimates of 413.63 lakh bales of 170 kg each. This included the opening stock of 71.84 lakh bales of 170 kg each at the beginning of the cotton season on Ocober 1, 2021, production of 315.32 lakh bales of 170 kg each as against the previous estimate of 323.63 lakh bales of 170 kg each and the imports of 15 lakh bales of 170 kg each.

Domestic demand during the period declined to 315 lakh bales of 170 kg each as against the previous estimate of 320 lakh bales of 170 kg each. The association export’s as 40 lakh bales of 170 kg each (equivalent to 42.50 lakh running bales of 160 kgs. each). Exports declined to 78 lakh bales of 170 kg each while end stocks declined to 47.16 lakh bales of 170 kg each.

 
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