Report Highlights:
FAS Mumbai estimates marketing year (MY) 2024/25 India cotton production at 25.4 million 480 lb. bales on 12.4 million hectares area planted, a two percent decrease from the previous year due to the expectation that farmers will shift cotton acreage to higher return crops such as pulses, maize, and paddy.
Mill consumption is estimated at 24.5 million 480 lb. bales, two percent higher from last year, as yarn and textile demand improves in major international markets.
With the recent notification of an import duty recension on extra-long staple (ELS) cotton, imports are estimated 20 percent higher at 2.4 million 480 lb. bales.
Πηγή: USDA-FAS