The consumption of cotton from India that hinders the current 2024-25 season that ends September is lower in 307 Lakh bundles or 170 kg each, a decrease of around 2 percent compared to last year, since the mills show preference to man-made fibers over cotton, according to cotton).
According to the latest estimates, CAI has reduced consumption estimates in 8 Lakh bales to 307 Lakh Fardos, from the bullets of 315 Lakh initially estimated or 170 kg each. Duration 2023-24, the cotton consumption stood at 313 Lakh Fardos.
Atul s Ganatra, President, CAI, attributes the downward review of cotton consumption to the growing use of man -made fibes, such as viscose and polyester by turning mills, mainly in southern India. In addition, due to the strong scarcity of workers, rotating factories are working slower, therefore, cotton consumption is falling, Ganatra said Business line.
In addition, Ganatra said that factories are finding a better realization in the viscose in around 98 percent, compared to cotton with 73/75 percent. This is also a reason for Mills to change cotton to other fibers, damaging consumption, he added.
Cai has estimated the size of the harvest 2024-25 to 291.35 Lakh bundles or 170 kg each. Until the end of April, the total cotton supply was estimated at 325.89 Lakh bundles, including the presses of 268.20 Lakh bales, imports or 27.50 Lakh bales, and opening stocks of 30.19 Falas Lakh. The consumption until the end of April has been estimated in 185 bales Lakh, exports or 10 lakh bundos or 170 kg. Cotton stocks in the end of April are estimated at 130.89 Lakh bundles, including 35 Lakh bundles with textile factories, and the 95.89 Lakh remaining entries with Cotton Corporation of India, the Maharashtra Federation and others (MNC, merchants, ginners, exporters), including cotton sold but not delivered.
CAI has projected cotton imports for the 2024-25 season with 33 Lakh Fales, 17.80 Lakh bales higher than last year. Exports for the season are estimated at 15 Lakh bundles, below the last 28.36 Lakh Fardos. Around 10 Lakh bundles were sent in the first seven months until the end of April.
The forward transportation for the 2025-26 season are estimated at 32.54 Lakh bundles, marginally above the previous years 30.19 Lakh Fardos.
