Closing stocks of cotton in the country for the current 2024-25 season ending September are estimated to be around 55.59 lakh bales (of 170 kg each) — about 84 per cent higher than the corresponding previous year’s 30.19 lakh bales, per trade body Cotton Association of India (CAI)’s latest estimates.
In a statement, CAI President, Atul Ganatra said the cotton pressing numbers for the 2024-25 season is estimated at 311.40 lakh bales — higher than its previous estimate of 301.14 lakh bales on higher crop size.
The increase is attributed to higher than estimated pressing of the fibre crop in Maharashtra (5 lakh bales), Gujarat and Telangana at 1.5 lakh bales each and 1 lakh bales in Karnataka. Andhra Pradesh, Haryana and Rajasthan have also witnessed a marginal increase in pressing numbers on improved crop arrivals.
