Informist, |
Thursday, Mar 16, 2023
MUMBAI – The Cotton Association of India has scaled down its estimate for cotton production in India in the 2022-23 (Oct-Sep) marketing season to 31.3 mln bales (1 bale = 170 kg) from 32.2 mln bales projected a month ago, it said in a release.
The association has estimated cotton production in north India, which includes Punjab, Haryana and Rajasthan, at 4.1 mln bales. In the central zone, which includes Gujarat, Maharashtra and Madhya Pradesh, output is estimated at 19.1 mln bales. Production in the South is pegged at 7.5 mln bales. Smaller states account for the rest of the output.
The total supply of cotton in the 2022-23 season is estimated at 35.7 mln bales. The association estimates imports at 1.2 mln bales, 200,000 bales lower than the previous year.
About 600,000 bales are estimated to have been imported by the country as of Feb 28.
Exports are seen at 3.0 mln bales, lower by 1.3 mln bales from the previous year. India shipped around 800,000 bales of cotton till Feb 28, the association said. Arrivals of cotton were estimated at 15.5 mln bales for Oct-Feb, the association said.
It has retained its estimate for domestic cotton consumption at 30 mln bales. As of Feb 28, domestic consumption was estimated at 12 mln bales.
Ending stocks for the 2022-23 season are now estimated at 2.7 mln bales, as against 3.5 mln bales projected a month ago, the release said.
Following is the cotton balance sheet, in mln bales, for 2022-23, as per the association:
|
2022-23 |
2021-22 |
|
|
SUPPLY |
||
|
Opening stock |
3.2 |
7.2 |
|
Output |
31.3 |
30.7 |
|
Imports |
1.2 |
1.4 |
|
Total supply |
35.7 |
39.3 |
|
DEMAND |
||
|
Domestic consumption |
30.0 |
31.8 |
|
Exports |
3.0 |
4.3 |
|
Total demand |
33.0 |
36.1 |
|
Closing stock |
2.7 |
3.2 |
End (Source: Informist Media)