Cotton output is estimated to have declined at 312.40 lakh bales in the 2024-25 season ending on September 30 after most cotton-growing regions in the country reported lower yields.
As per a statement by the Cotton Association of India (CAI), the total production of cotton during the 2023-24 season stood at 336.45 lakh bales, where one bale equals 170 kilogram.
The total cotton supply till August is estimated to have been 383.03 lakh bales, which consists of the pressings of 307.09 lakh bales, imports of 36.75 lakh bales and the opening stock of 39.19 lakh bales at the beginning of the season.
Further, CAI has estimated cotton consumption of 286 lakh bales till August 31 while exports stood at 17 lakh bales.
Also Read: Govt extends cotton import duty exemption till Dec 31
In late August, the Centre had extended the temporary exemption imposed on cotton import duty until December 31, 2025, to ensure a steady supply of raw material for the textile sector that is already reeling under the effects of high US tariffs.
CAI’s data also showed cotton stock with the Cotton Corporation of India (CCI), Maharashtra Federation and others (MNCs, traders, ginners, exporters) until the end of August to have been approximately 45.03 lakh bales, with another 35 lakh bales with textile mills.
The body said the estimated total cotton supply till end of the cotton season 2024-25 would be at 392.59 lakh bales against 389.59 lakh bales estimated previously.
This consists of the opening stock of 39.19 lakh bales, cotton pressing at 312.40 lakh bales and imports at 41 lakh bales.
The CAI has, however, maintained its domestic consumption at 314 lakh bales estimated previously.
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