Cotton advisory board estimates crop of 322 lakh bales for 2008-09

Written by Commodities Bureau | Mumbai, Oct 16 | Updated: Oct 18 2008, 05:17am hrs
The cotton advisory board (CAB), on Thursday, estimated a higher cotton crop of around 322 lakh bales (of 170 kg) for the season 2008-2009 (October-September), up 2.17% over the previous seasons figure of 315 lakh bales. The crop for the season of 2007-08 that just ended, has finally been put at 315 lakh bales against 280 lakh bales for the previous year as estimated by the CAB, textiles commissioner AB Joshi said.

The total area under cotton is estimated at 92.60 lakh hectare for the season 2008-09, marginally down from 95.55 lakh hectare for season 2007-08, due to a shift to other crops in some areas, Joshi explained. Total cotton exports are seen down at about 75 lakh bales for the new season compared to 85 lakh bales, while imports are also expected around 5 lakh bales, he added.

For the season of 2008-09, the combined crop in the northern region (Punjab, Haryana and Rajasthan) is estimated to be around 43 lakh bales. In the central region (Gujarat, Maharashtra and Madhya Pradesh), the total crop has been estimated to be 192 lakh bales and total crop estimate in the southern region (Andhra Pradesh, Tamil Nadu and Karnataka) has been set at around 73 lakh bales, he said.

The estimates were revised to 110 lakh bales for Gujarat, to 62 lakh bales for Maharashtra , to 20 lakh bales for Madhya Pradesh , to 58 lakh bales in Andhra Pradesh , to 10 lakh bales for Karnataka , to 5 lakh bales in Tamil Nadu , 20 lakh bales in Punjab, to 15 lakh bales in Haryana, to 8 lakh bales for Rajasthan and to 2 lakh bales in other states.

On the demand front, mill consumption is estimated to be 203 lakh bales. Non-mill consumption would be 15 lakh bales, for exports - 75 lakh bales and consumption by small scale industries has been set at 23 lakh bales. Thus, the total number nof bales availabile for consumption has been estimated at 316 lakh bales, leaving carryover stock of 54 lakh bales.