By Our Staff Reporter
MUMBAI, MAR. 12
The Cotton Association of India (CAI) in its February estimate of the cotton pressing numbers for 2024-25 season, which began on 1st October 2024, has reduced its cotton pressing estimate for 2024-25 season by 6.45 lakh bales to 295.30 lakh bales of 170 kgs. each from its previous estimate of 301.75 lakh bales of 170 kgs. each.
Mr. Atul S. Ganatra, President, CAI, informed that the total cotton supply till end of February 2025 is estimated at 275.76 lakh bales of 170 kgs. each which consists of the pressings of 223.57 lakh bales of 170 kgs. each, imports of 22.00 lakh bales of 170 kgs. each and the opening stock estimated by the CAI at 30.19 lakh bales of 170 kgs. each at the beginning of the season.
Further, the CAI has estimated cotton consumption upto the end of February 2025 at 142.00 lakh bales of 170 kgs. each while the export shipments upto 28th February 2025 are estimated by the CAI at 9.00 lakh bales of 170 kgs. each. Stock at the end of February 2025 is estimated at 124.76 lakh bales of 170 kgs. each including 28.00 lakh bales of 170 kgs. each with textile mills and the remaining 96.76 lakh bales of 170 kgs. each with CCI, Maharashtra Federation and others (MNCs, traders, ginners, exporters, etc.) including cotton sold but not delivered, Mr. Ganatra said.
The CAI has decreased its total cotton supply till end of the cotton season 2024-25 (i.e. upto 30th September 2025) by 2.45 lakh bales to 355.49 lakh bales of 170 kgs. each as against 357.94 lakh bales of 170 kgs. each estimated previously. The total cotton supply consists of the opening stock of 30.19 lakh bales at the beginning of 2024-25 season on 1st October 2024, cotton pressing numbers estimated for the season at 295.30 lakh bales of 170 kgs. each and imports for the season estimated at 30.00 lakh bales of 170 kgs. each.
The cotton imports estimated by the CAI for the season are higher by 14.80 lakh bales of 170 kgs. each compared to last year. The CAI has retained its domestic consumption at 315.00 lakh bales of 170 kgs. each estimated previously.
The exports for the season 2024-25 are estimated at 17.00 lakh bales of 170 kgs. each as against 28.36 lakh bales of 170 kgs. each estimated for 2023-24 season, Mr. Ganatra informed.
(Source: Tecoya Trend)