CAI pegs latest cotton pressing estimate for 2023-24 season at 325.29 lakh bales
The exports for the season are estimated at 28.50 lakh bales of 170 kg each as against 28.00 lakh bales of 170 kg each estimated previously.
Cotton Association of India (CAI) has released its latest estimate of cotton pressing numbers for the season 2023-24 beginning from 1 October 2023. At the CAI Crop Committee meeting held on 14 October 2024, the all India total cotton pressing numbers for the 2023-24 season have been arrived at 325.29 lakh bales of 170 kg each (equivalent to 341.35 lakh running bales of 162 kg each) as against its previous estimate of 323.02 lakh bales of 170 kg each (equivalent to 338.97 lakh running bales of 162 kg each). Based on input received from the members of all cotton growing state associations and other trade sources, the CAI Crop Committee has arrived at the cotton pressing numbers for 2023-24 season and also drew cotton balance sheet as on 30September 2024. The state-wise break-up of the cotton pressing numbers and balance sheet for the season with the corresponding data for the previous crop year are enclosed (Table 1).
| State | Increase (+) / Decrease (-) |
| North | (-) 0.38 |
| Gujarat | (+) 0.50 |
| Maharashtra | (+) 0.55 |
| Madhya Pradesh | (+) 0.50 |
| Karnataka | (+) 1.10 |
| TOTAL | (+) 2.27 |
The total cotton supply estimated by the CAI Crop Committee till end of the cotton season 2023-24 i.e. upto 30 September 2024 is 371.69 lakh bales of 170 kg each (equivalent to 390.05 lakh running bales of 162 kg each) which is more by 3.37 lakh bales than its previous estimate of 368.32 lakh bales of 170 kg each (equivalent to
368.52 lakh running bales of 162 kg each). The estimated total cotton supply consists of the opening stock of
28.90 lakh bales of 170 kg each (equivalent to 30.33 lakh running bales of 162 kg each) at the beginning of the 2023-24 cotton season on 1 October 2023, cotton pressing numbers estimated for the season at 325.29 lakh bales of 170 kg each and the imports for the season estimated at 17.50 lakh bales of 170 kg each (equivalent to 18.36 lakh running bales of 162 kg each). The cotton imports now estimated for the season are more by 1.10 lakh bales than estimated previously.
The CAI has reduced its domestic consumption estimate by 4.00 lakh bales to 313.00 lakh bales of 170 kg each (equivalent to 328.46 lakh running bales of 162 kg each) from its previous estimate of 317.00 lakh bales of 170 kg each (equivalent to 332.65 lakh running bales of 162 kg each). The exports for the season are estimated at
28.50 lakh bales of 170 kg each (equivalent to 29.91 lakh running bales of 162 kg each) as against 28.00 lakh bales of 170 kg each (equivalent to 29.38 lakh running bales of 162 kg each) estimated previously. The exports estimated for the previous cotton season 2022-23 were 15.50 lakh bales of 170 kg each (equivalent to
16.27 lakh running bales of 162 kg each). The carry-over stock which was earlier estimated at 23.32 lakh bales of 170 kg each (equivalent to 24.47 lakh running bales of 162 kg each) is now estimated at 30.19 lakh bales of 170 kg each (equivalent to 31.68 lakh running bales of 162 kg each).
