The CAI has pegged the all India total cotton pressing for the 2024-25 season at 302 lakh bales of 170 kgs each as against 325 lakh bales produced last year.
“There are reports of crop damage due to excessive rainfalls in several cotton growing states. The Ministry of Agriculture has reported acreage under cotton to be lower by 10% than last year,” said CAI in a media release.
According to CAI, the cotton imports into India are estimated at 25 lakh bales each as against 17.50 lakh bales imported last year, which is up by 42 %, while the cotton exports for 2024-25 crop year are estimated to be at 18 lakh bales as against last year’s 28.50 lakh bales; down by 37%.
“The Committee however felt that there could be a variation of +/- 5% in the cotton pressings and balance sheet numbers on account of unpredictable monsoon pattern and other factors influencing the crop,” the release added.
The total cotton supply till end of the cotton season 2024-25 is estimated at 357.44 lakh bales as against the last year’s total cotton supply of 371.69 lakh bales.”The estimated cotton supply consists of the opening stock of 30.19 lakh bales as on October 1, 2024, new cotton pressing of 302.25 lakh bales and imports for the season estimated at 25 lakh,” said CAI.The CAI had kept the domestic consumption estimate the same as last year at 313 lakh bales.