Insights
- Cotton Association of India has revised India’s 2024-25 cotton production estimate down by 2.5 lakh bales to 301.25 lakh bales, citing a 7.84 per cent decrease from the previous season.
- Total cotton supply projections have also been lowered to 357.94 lakh bales.
- Domestic consumption remains steady at 315 lakh bales, while exports have decreased significantly.
The Cotton Association of India (CAI) has reduced India’s cotton production estimate by 2.5 lakh bales to 301.25 lakh bales of 170 kg in its January 2025 report. The organisation had raised the estimate to 304.25 lakh bales for the current 2024-25 season (October-September) in its December 2024 report. This production is projected to be 7.84 per cent lower than the output of 327.45 lakh bales in the 2023-24 season.
Atul S Ganatra, president of CAI, stated in the monthly report that the total cotton supply until the end of January 2025 is estimated at 234.26 lakh bales. This includes pressings of 188.07 lakh bales, imports of 16 lakh bales, and an opening stock estimated at 30.19 lakh bales.
Furthermore, CAI has estimated the cotton consumption up to the end of January 2025 at 114 lakh bales. Export shipments until January 2025 is estimated at 8 lakh bales. The stock at the end of January 2025 includes 27 lakh bales with textile mills and the remaining 85.26 lakh bales with the CCI, Maharashtra Federation, and others (MNCs, traders, ginners, exporters etc), including cotton sold but not delivered.
CAI has also decreased its total cotton supply estimate for the end of the cotton season by 1.5 lakh bales, down from the previously estimated 359.44 lakh bales. This total supply comprises an opening stock of 30.19 lakh bales at the beginning of the current season, cotton pressings estimated at 301.75 lakh bales for the season, and imports estimated at 26 lakh bales, which are 10.80 lakh bales higher compared to last year.
The industry body has maintained its estimate for domestic consumption at 315 lakh bales. Exports are estimated at 17 lakh bales, down from 28.36 lakh bales estimated for the 2023-24 season.
The estimated closing stock at the end of the current season is 25.94 lakh bales, compared to 30.19 lakh bales last year.
Source: https://www.fibre2fashion.com/