The total cotton supply estimated by the CAI during the months of October 2019 to January 2020 is 234.89 lakh bales of 170 kgs each. This includes the arrivals of 192.89 lakh bales and imports of 10 lakh bales upto 31st January 2020 and the opening stock at the beginning of the season which has been revised by the CAI from 23.50 lakh bales to 32 lakh bales based on the feedback received from the trade sources, said a press statement of CAI.
The yearly balance sheet projected by the CAI estimated total cotton supply till end of the cotton season i.e. upto 30th September 2020 at 411.50 lakh bales. Total cotton supply consists of the opening stock at the beginning of the season which the committee has revised from 23.50 lakh bales to 32 lakh bales as per the feedback received from trade sources
Domestic consumption estimated by the CAI for the entire crop year i.e. upto 30th September 2020 is 331 lakh bales which is. at the same level as estimated by the Cotton Advisory Board at their meeting held on 28th November 2019.
The CAI has estimated exports for the season at 42 lakh bales which is at the same level as estimated in the previous year. The carryover stock estimated at the end of the season is 38.50 lakh bales i.e. higher by 8.50 lakh bales compared to that estimated earlier.