1997-98 Indian Crop Estimate in Running Bales of 170 Kgs.

Carryover Oct1 25.30 Estimated Crop 168.00 Imports Likely 1.00   -------- 194.30 -------	Mill Consumption 150.00 Small Unit 7.00 Ex-Factory 9.50 Export Granites 7.00 -------- 173.00 --------
C/o - Sep. 30, 1998 -------- 20.80 --------

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Recent Bargains

• 40,000 Bales of Bengal Desi @ 40.82 to 62.03 c/LB
• 40,000 Bales of Ginners Quota Oversubscribed
• 75,000 Bales of Modern Gins doota undersubscribed by 28,000
• Cut-Off prices for General Ginning were 75.40 c/LB
• Cut-Off prices for Modern Ginning were 72.00 c/LB

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Exports

Quotas Announced

• 10,000 Bales Extra Long Staple Cotton& Ginners
• 40,000 Bales Medium Staple (upto 28 mm) to Ginners
• 75,000 Bales to Modern Ginners
• 100,000 Bales Bengal Desi under General Category
• 485,000 Bales to Govt. Agencies

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Imports

• Bargains of American Pima, Eygptian & Australian Pima have been reported.

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Current Scenario

• Northern Zone reports damage & Estimated crop is now 3.7 million bales of 170 kgs
  (less by 0.7 million), Rains in Maharashtra are likely to be detrimental.
• Other areas report excellent crop.
• Damage to ELS Cotton - DCH has been reported.
• The lower Rupee rate will favour exports from India.

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Last Modified on 29th November 1997.

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