CAI retains its cotton crop estimate for the 2022-23 season at 311.18 lakh bales
S. Harpal Singh
ADILABAD, AUGUST 18, 2023: The Cotton Association of India (CAI) has retained its earlier estimate of cotton crop for the season 2022-23 at 311.18 lakh bales of 170 kg each. The estimates were drawn at a meeting of the CAI Crop Committee consisting of 20 members from various cotton producing regions held on August 12, according to a press release.
The estimate for cotton supply till the end of this season in September has been pegged at 350.18 lakh bales which includes an opening stock of 24 lakh bales and imports of 15 lakh bales. The consumption of cotton for the period is the same as the production i.e. 311.18 lakh bales.
According to the press release, the imports for the season 2021-22 was 14 lakh bales hile the exports were higher at 16 lakh bales. The end stock for that season was 24 lakh bales. The total supply of cotton until the end of July was 332.3 lakh bales which comprised 296.8 lakh bales arrivals across markets in the country. Imports were to the tune of 11.5 lakh bales hile the opening stock was 24 lakh bales.
Consumption for the period between October 2022 and July 2023 was 265 lakh bales while 14 lakh bales were exported. The July end stock therefore was to the tune of 53.3 lakh bales which included 28 lakh bales ith textile mills and 25.3 lakh bales with the Cotton Corporation and Maharashtra Federation.
Cotton Crop in South Zone
Telangana is a major producer of cotton in the south zone consisting of Telangana, Andhra Pradesh, Karnataka and Tamil Nadu. The estimate for cotton crop for the season 2022-23 for Telangana is 30 lakh bales which is 5.46 lakh bales less than the production of the previous season.
The crop estimate for the south zone is pegged at 71 lakh bales which is 7.32lakhbales less than the previous season’s production. The health of the crop following heavy rainfall in July and first week of August has damaged the standing crop in Telangana though the crop condition in hilly areas is better.
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Photo caption: The cotton fields in Telangana
S. Harpal Singh
Independent Journalist
Former Sr. Asst. Editor, The Hindu
ADILABAD-504001, TELANGANA
CELL: 94400 60060
email: hsinghs48@gmail.com
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