For Gujarat, the estimate has been lowered by 2 lakh bales whereas for Maharashtra too these states have been lowered by 0.50 lakh bales as in comparison with the earlier estimate. The estimate for the southern zone has been elevated from 1 lakh bales to 91.50 lakh. Karnataka and Tamil Nadu are prone to see a rise of 0.50 lakh bales.
The estimated complete provide by CAI for your entire cotton season until September 30, 2021 is 488 lakh bales. This consists of a gap inventory of Rs 125 lakh, an estimated cotton crop of Rs 353 lakh for the season and an estimated import of Rs 10 lakh. As well as, CAI has estimated home consumption to be 335 lakh bales for your entire crop yr until September 2021, a rise of 5 lakh.
CAI has elevated its exports from 1 lakh to 78 lakh bales for the season from its earlier estimate primarily based on the suggestions acquired from its exporting members. The cotton export determine by CAI is 28 lakh bales greater than the earlier yr’s cotton export estimate of fifty lakh bales.
Carryover inventory on the finish of the season i.e. September 30, 2021 is now estimated at 75 lakh bales.