For Gujarat, CAI has pegged the production estimate for the 2021-22 season at 88.99 lakh bales, Telangana 39.91 lakh bales, Maharashtra 83.50 lakh bales and Karnataka 21 lakh bales
Cotton production in the year 2021-22 (Cotton Production may be lower than the previous estimate. In fact, in many states of the country, production is expected to decrease this year. In view of this, the Cotton Association has cut its estimates. Cotton Association of India (Cotton Association of India) on Saturday reduced the cotton crop estimate for the 2021-22 season by 8 lakh bales to 335.13 lakh bales. According to the association, there is a possibility of decline in production in Gujarat, Telangana, Maharashtra and Karnataka. CAI said in a statement that during the crop year 2020-21, the total product (Production) was 353 lakh bales.
Production expected to decline in the states
For Gujarat, CAI has pegged the production estimate for the 2021-22 season at 88.99 lakh bales, Telangana at 39.91 lakh bales, Maharashtra at 83.50 lakh bales and Karnataka at 21 lakh bales. Meanwhile, the total cotton supply from October 2021 to March 2022 is estimated to be 343.68 lakh bales, which includes arrivals of 262.68 lakh bales, imports of 6 lakh bales and an opening stock of 7.5 million bales at the beginning of the season. In addition, CAI has estimated cotton consumption at 175 lakh bales from October 2021 to March 2022, while exports could be 35 lakh bales by March 31, 2022. The stock at end-March 2022 is estimated to be 133.68 lakh bales, of which 75 lakh bales are with textile mills and the remaining 58.68 lakh bales with Cotton Corporation (CCI), Maharashtra Federation and others (including MNCs, traders, ginners, MCX) Huh.
Total cotton supply estimated at 425.13 lakh bales
The CAI Crop Committee has estimated the total cotton supply at 425.13 lakh bales by the end of season 2021-22, i.e. 30th September, 2022, which is 8 lakh bales less than the earlier estimated 433.13 lakh bales. The total supply of cotton includes an opening stock of 75 lakh bales at the start of the cotton season as on October 1, 2021, crop estimates for the season at 335.13 lakh bales and imports of 15 lakh bales for the season, estimated domestic consumption by CAI 340 lakh bales, which is estimated at the same level as before, while the exports for the season are estimated at 45 lakh bales. Similarly, CAI has also reduced the carry-over stock to 40.13 lakh bales from the earlier estimate of 48.13 lakh bales.