India’s cotton closing stocks are expected to rise 47% to 57.59 lakh bales for 2024-25, largely due to a surge in imports. The Cotton Association of India (CAI) predicts that imports will more than double to 39 lakh bales from last year’s 15.20 lakh bales.
Domestic consumption is expected to rise to 314 lakh bales, while exports are expected to fall 36% to 18 lakh bales. The total supply by September is estimated at 389.59 lakh bales.
Domestic consumption is expected to rise to 314 lakh bales. In comparison, exports are expected to drop 36% to 18 lakh bales due to reduced global demand and competitive pressures from other cotton-producing nations.
