The Cotton Association of India (CAI) on Tuesday maintained the cotton crop manufacturing forecast for the 2022-23 season at 311.18 lakh bales.
In the final cotton season, the entire cotton manufacturing was at 307.05 lakh bales, CAI stated in a press release.
The cotton season runs from October to September.
The complete cotton provide for October 2022 to July 2023 is estimated at 332.30 lakh bales, which consists of arrivals of 296.80 lakh bales, imports of 11.50 lakh bales and the opening inventory estimated by the CAI at 24 lakh bales at the start of the season.
Further, CAI has estimated cotton consumption for the months of October 2022 to July 2023 at 265 lakh bales, whereas the export shipments as much as July 31, are estimated at 14 lakh bales.
Stocks at the top of July is estimated at 53.30 lakh bales together with 28 lakh bales with textile mills and the remaining 25.30 lakh bales with the Cotton Corporation of India (CCI), Maharashtra Federation and others (MNCs, merchants, ginners amongst others) together with cotton offered however not delivered.
The CAI has retained its complete cotton provide estimate until finish of the cotton season 2022-23, that’s as much as September 30, 2023, at the identical degree as estimated within the earlier month at 350.18 lakh bales.
The complete cotton provide consists of the opening inventory of 24 lakh bales at the start of the cotton season on October 1, 2022, crop for the season estimated at 311.18 lakh bales and the imports for the season estimated at 15 lakh bales.
The home consumption for the season can be estimated at the identical degree as estimated beforehand, that’s at 311 lakh bales.
Exports for the season have additionally been retained at 16 lakh bales, identical because the earlier forecast by CAI, and the carry-over inventory for the present season is estimated at 23.18 lakh bales.
