Cotton exports in India in 2024-25 season

19-Dec-2024 10:46 AM

Cotton exports in India in 2024-25 season
India's cotton exports and production in the 2024-25 season are projected to face notable challenges, as highlighted by the Cotton Association of India (CAI). Here's an overview:
Key Trends and Figures:
Decline in Cotton Exports:
Exports are estimated to fall by 36.53%, dropping to 18 lakh bales in 2024-25 from 28.36 lakh bales in 2023-24.
The decline is attributed to reduced production and acreage shrinkage in major cotton-growing regions.
Reduction in Acreage:
North India (Punjab, Haryana, Rajasthan): Acreage has dropped by 35%.
Gujarat: Acreage decreased by 15%.
These reductions have significantly impacted production volumes.
Cotton Pressing and Supply:
Cotton pressing in the 2023-24 season is estimated at 302.25 lakh bales, lower than 327.45 lakh bales in the prior season.
By November 2024, the total cotton supply is projected at 108.41 lakh bales, including:
69.22 lakh bales from pressing.
9 lakh bales from imports.
30.19 lakh bales as opening stock.
Consumption and Exports by End of November:
Cotton consumption: 54 lakh bales.
Exports: 4 lakh bales.
Closing Stock:
By November 2024, the stock is estimated at 50.41 lakh bales.
Price Trends:
Domestic Price Stability: Domestic cotton prices are expected to remain stable compared to global markets due to limited production.
Future Price Hikes: Prices are anticipated to rise further as a result of low production and strong demand.
The reduction in cotton exports and production underlines the challenges for the Indian cotton industry, emphasizing the need for measures to enhance yield and optimize acreage utilization.