Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

CAI reduces estimates for cotton season 2018-19.


Date: 08-01-2019
Subject: CAI reduces estimates for cotton season 2018-19
The Cotton Association of India (CAI) has trimmed its estimates for cotton crop for the season 2018-19, beginning from October 1, 2018.
The CAI has estimated cotton crop for 2018-19 season at 335 lakh bales of 170 kg each which is lower by 5.25 lakh bales than its previous estimate of 340.25 lakh bales made during last month, down by nearly 8%. CAI has reduced the crop estimate for Gujarat, Maharashtra and Telangana by 1.50 lakh bales, 2 lakh bales and 2 lakh bales, respectively. The cotton body pointed out farmers had uprooted its plants in about 70-80% cotton area due to moisture deficiency from deficient rains. As a result, there is no scope for third and fourth pickings, Atul Ganatra, president, CAI said. The crop estimate has been reduced from CAI’s earlier estimate of 340.25 lakh bales.

The total cotton supply projected by CAI during October-December 2018 at 142.50 lakh bales consists of the arrival of 115.97 lakh bales up to December 31,2018, imports of 3.53 lakh bales up to December 31,2018, and the opening stock at the beginning of the season estimated by the Committee at 23 lakh bales. Further, the CAI has estimated cotton consumption during October 2018 till December at 80 lakh bales while the export shipment up to December 31, 2018, has been estimated at 17 lakh bales.

Stock at the end of December 2018 is estimated by the CAI at 45.50 lakh bales, including 30 lakh bales with textile mills and the remaining 15.50 lakh bales with Cotton Corporation Of India and others, including MNCs, traders, ginners.

Domestic consumption is estimated at 320 lakh bales, which is lower by 4 lakh bales compared to the consumption figure estimated during the last month. Exports for the season 2018-19 is expected at 51 lakh bales, which is lower by 18 lakh bales, compared to the export of 69 lakh bales estimated last year. Carry-over stock at the end of the 2018-19 season was estimated at 14 lakh bales.

The CAI has also projected annual balance sheet for the cotton season 2018-19 wherein total cotton supply till end of the cotton season, which is up to September 30,2019, has been estimated at 385 lakh bales of 170 kg each consisting of the opening stock of 23 lakh bales at the beginning of the season, cotton crop for the season at 335 lakh bales and imports estimated by the CAI at 27 lakh bales, which are higher by 12 lakh bales as compared to the previous year’s import estimated at 15 lakh bales.

Source: financialexpress.comThe Cotton Association of India (CAI) has trimmed its estimates for cotton crop for the season 2018-19, beginning from October 1, 2018.
The CAI has estimated cotton crop for 2018-19 season at 335 lakh bales of 170 kg each which is lower by 5.25 lakh bales than its previous estimate of 340.25 lakh bales made during last month, down by nearly 8%. CAI has reduced the crop estimate for Gujarat, Maharashtra and Telangana by 1.50 lakh bales, 2 lakh bales and 2 lakh bales, respectively. The cotton body pointed out farmers had uprooted its plants in about 70-80% cotton area due to moisture deficiency from deficient rains. As a result, there is no scope for third and fourth pickings, Atul Ganatra, president, CAI said. The crop estimate has been reduced from CAI’s earlier estimate of 340.25 lakh bales.

The total cotton supply projected by CAI during October-December 2018 at 142.50 lakh bales consists of the arrival of 115.97 lakh bales up to December 31,2018, imports of 3.53 lakh bales up to December 31,2018, and the opening stock at the beginning of the season estimated by the Committee at 23 lakh bales. Further, the CAI has estimated cotton consumption during October 2018 till December at 80 lakh bales while the export shipment up to December 31, 2018, has been estimated at 17 lakh bales.

Stock at the end of December 2018 is estimated by the CAI at 45.50 lakh bales, including 30 lakh bales with textile mills and the remaining 15.50 lakh bales with Cotton Corporation Of India and others, including MNCs, traders, ginners.

Domestic consumption is estimated at 320 lakh bales, which is lower by 4 lakh bales compared to the consumption figure estimated during the last month. Exports for the season 2018-19 is expected at 51 lakh bales, which is lower by 18 lakh bales, compared to the export of 69 lakh bales estimated last year. Carry-over stock at the end of the 2018-19 season was estimated at 14 lakh bales.

The CAI has also projected annual balance sheet for the cotton season 2018-19 wherein total cotton supply till end of the cotton season, which is up to September 30,2019, has been estimated at 385 lakh bales of 170 kg each consisting of the opening stock of 23 lakh bales at the beginning of the season, cotton crop for the season at 335 lakh bales and imports estimated by the CAI at 27 lakh bales, which are higher by 12 lakh bales as compared to the previous year’s import estimated at 15 lakh bales.

Source: financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001