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Informist, Tuesday, Oct. 22, 2024

 

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--Cotton body pegs India 2024-25 cotton output at 30.2 mln bales 
--CONTEXT: Cotton Association of India releases first estimates for 2024-25
--Cotton body sees total supply in India at 35.7 mln bales in 2024-25
--Cotton body keeps India 2024-25 demand view unchanged at 31.3 mln bales
--Cotton body sees India 2024-25 export at 1.8 mln bales vs 2.85 mln yr ago
--Cotton body sees 2024-25 closing stock 2.64 mln bales vs 3.02 mln yr ago
--Cotton body pegs 2024-25 imports at 2.5 mln bales vs 1.75 mln yr ago

 

MUMBAI – The Cotton Association of India has estimated the country's cotton production in 2024-25 (Oct-Sept) at 30.2 million bales (1 bale = 170 kg), down 7.1% on year. The committee, however, said there could be a variation of 5% in the cotton pressings and balance sheet numbers on account of an unpredictable monsoon pattern and other factors influencing the crop, according to the release.

 

Cotton production in the north zone, which comprises Punjab, Haryana, and Rajasthan, is pegged at 3.6 million bales in the 2024-25 (Oct-Sept) season. Output in the central zone, which includes Gujarat, Maharashtra, and Madhya Pradesh, is seen at 18.9 million bales in 2024-25 against 20.0 million bales the previous year, according to the Cotton Association of India. Production in the south zone comprising Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu is seen at 7.2 million bales against 7.4 million bales during the previous season, and other states will account for the rest of the output.

 

The association has estimated domestic demand in 2024-25 at 31.3 million bales, the same as the previous year. It has pegged exports at 1.8 million bales, against the previous estimate of 2.85 million bales. The cotton body sees 2024-25 closing stock at 2.64 million bales against 3.02 million bales a year ago.

 

The opening stock for the season starting October is estimated at 3.02 million bales against 2.89 million bales a year ago, the association said. The total supply of cotton till the end of the cotton season 2024-25 is estimated at 35.7 mln bales, against 37.2 million bales in the previous season. The association has estimated imports in 2024-25 at 2.5 million bales, up from 1.75 million bales from its previous estimate. 

 

	2023-24	2022-23
SUPPLY
Opening stock	3.02	2.89
Output	30.2	32.5
Imports	2.5	1.75
Total supply	35.7	37.2
DEMAND
Domestic consumption	31.3	31.1
Exports	1.8	2.85
Closing stock	2.64	3.02

 

End

 

Reported by Taniva Singha Roy

Edited by Avishek Dutta

 

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