The Cotton Association of India (CAI) has retained its January estimate of cotton pressing numbers for the 2023-24 season at 294.10 lakh bales of 170 kg. Total cotton supply by the end of January 2024 is estimated to be 210.05 lakh bales, including arrivals, imports and opening stocks. Cotton consumption by the end of January 2024 is estimated to be 110.00 lakh bales, while export shipment by January 31, 2024 is estimated to be 9.00 lakh bales.
CAI has estimated the stock at the end of January 2024 to be 91.05 lakh bales, which includes 41.00 lakh bales with textile mills and the remaining 50.05 lakh bales with CCI, Maharashtra Federation and others. The total cotton supply by the end of 2023-24 season (by September 30, 2024) is estimated to be 345 lakh bales.
The Crop Committee of CAI in its meeting on February 20, 2024 maintained the cotton consumption estimate for the 2023-24 season at 311 lakh bales. Cotton pressing estimate for the season is 294.10 lakh bales. Cotton import for the season is estimated at 22 lakh bales and export at 14 lakh bales. The ending stock by September 30, 2024 is estimated to be 20 lakh bales.
