Know why cotton production is decreasing in India
According to the USDA report, cotton production in India decreased by 7 to 8 percent in the last three years, while domestic use increased.
India is said to be the leading country of cotton production. Cotton is sown on most of the land in India, despite this, if we look at the recent report of USDA, there has been a decrease of 7 percent cotton production in India in three years. This reduction in bales is more than 20 million bales per bale of 480 pounds. According to the report, the cotton production in India in the year 2019-20 was 28.5 million cotton bales which decreased to 27.6 million bales in 2020-21 and in 2021-22 this figure decreased to just 26. million cotton bales. According to experts, the reason for the reduction in production in such a large quantity is due to the weather and failure to protect the cotton crop from diseases and farmers are not able to make them aware.
Increase in domestic consumption
According to the report, there has been a decrease in production, but in these three years, there has been a steady increase in domestic use i.e. domestic consumption. The consumption which was 20.5 million in 2019-20 has reached 26 million bales in 2021-22 and 2022-23. While the increase in consumption is a positive sign for the industry, the decline in production to such an extent is a matter of concern for the government and top officials. Due to low production, India's closing stock has also decreased significantly in these three years. The closing stock in 2019-20 was 15.68 million cotton bales while in 2020-21 it decreased to 11.94 million cotton bales and in 2021-22 it has been recorded only 8.34 million cotton bales.
The good thing is that there has been a tremendous jump in export figures in these three years. India's cotton exports stood at 3.2 million bales in 2019-20, which increased sharply to 6.19 million bales in 2020-21 and is at 5.2 million bales in 2021-22.
