India's cotton imports to increase by 42% in 2024-25 due to fall in production, says CAI
Cotton Association of India (CAI) has pegged India‘s 2024-25 year-on-year cotton production lower by 7% due to fall in acreage and crop loss due to excess rainfall. The trade body also expects India's cotton imports to jump by 42% and the exports to fall by 37%.
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.
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