Create stable, long-term investment portfolio with strong, consistent stocks.
Start Research-backed Investing ...Now.
The Cotton Association of India (CAI) in its latest report estimated that cotton production may decline by around 8 per cent to 294.10 lakh bales in the 2023-24 season due to lower yields in most growing regions. As per the CAI data, the total cotton production during the 2022-23 season (October-September) stood at 318.90 lakh bales of 170 kg each.
CAI president Atul Ganatra said ‘The production this year is expected to lower by 24.8 lakh bales at 294.10 lakh bales following infestation of pink ball worms in the northern region, while the yield in the southern and the central regions will be affected due to no rainfall for 45 days from August 1 till September 15’. The total supply till the end of November 2023 is estimated at 92.05 lakh bales which consists of the arrivals of 60.15 lakh bales, imports of 3 lakh bales and the opening stock of 28.90 lakh bales at the beginning of the season.
Further, the CAI has estimated cotton consumption up to the end of November 2023 at 53 lakh bales while the export shipments up to November 30, are estimated at 3 lakh bales. Stock at the end of November is estimated at 36.05 lakh bales, including 27 lakh bales with textile mills and the remaining 9.05 lakh bales with CCI, Maharashtra Federation and others (MNCs, traders, ginners, among others) including cotton sold but not delivered.
The CAI has retained its total cotton supply till the end of the cotton season 2023-24 (up to September 30, 2024) at 345 lakh bales. The total cotton supply consists of the opening stock of 28.90 lakh bales at the beginning of 2023-24 season, cotton pressing numbers estimated for the season at 294.10 lakh bales and imports for the season estimated at 22 lakh bales.
The cotton imports estimated by the CAI for the season are higher by 9.50 lakh bales compared to last year. Ganatra noted ‘This year the imports are expected to be higher due to lower production estimates’. The exports for the season 2023-24 are estimated at the same level as last year at 14 lakh bales as against 15.50 lakh bales in the 2022-23 season.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
