Cotton Output
Cotton Association scales up India 2023-24 output view to 32.5 mln bales
This story was originally published at 16:57 IST on 15 October 2024
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--Cotton body ups 2023-24 India output view to 32.5 mln bales from 32.3 mln
--CONTEXT: Cotton Association of India releases report for September
--Cotton body ups India 2023-24 export view to 2.85 mln bales from 2.80 mln
--Cotton body ups 2023-24 India demand view to 31.3 mln bales
--Cotton body ups 2023-24 imports view by 110,000 bales to 1.75 mln bales
MUMBAI – The Cotton Association of India has scaled up its estimate for the country's production in 2023-24 (Oct-Sept) to 32.5 million bales (1 bale = 170 kg) from 32.3 million bales. The association updates its estimates almost every month, based on information received from its members in 11 cotton-growing states and other trade sources.
Cotton production in the north zone, which comprises Punjab, Haryana, and Rajasthan, was at 4.5 million bales as of Sept. 30. Cotton output in the central zone, which includes Gujarat, Maharashtra, and Madhya Pradesh, was at 20 million bales, according to the Cotton Association of India. The south zone comprising Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu produced 7.4 million bales of cotton as of Sept. 30, with the other states accounting for the rest of the output.
The association has estimated domestic demand in 2023-24 at 31.3 million bales, against 31.1 million bales the previous year. It has pegged exports at 2.85 million bales from 2.80 million bales in the previous estimate.
The opening stock for the season starting October was estimated at 2.89 million bales, the association said. The total supply of cotton for the 2023-24 season is estimated at 37.2 million bales, up from 35.5 million bales the previous season. The association has estimated imports in 2023-24 at 1.75 million bales, up 110,000 bales from its previous estimate.
|
2023-24 |
2022-23 |
|
|
SUPPLY |
||
|
Opening stock |
2.89 |
2.4 |
|
Output |
32.5 |
31.9 |
|
Imports |
1.75 |
1.25 |
|
Total supply |
37.1 |
35.5 |
|
DEMAND |
||
|
Domestic consumption |
31.3 |
31.1 |
|
Exports |
2.85 |
1.55 |
|
Closing stock |
3.0 |
2.9 |
End
Reported by Ashutosh Pati
Edited by Avishek Dutta
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