The USDA has lowered India’s cotton production forecast for the 2024-25 season to 30.72 million bales and reduced ending stocks to 12.38 million bales due to crop damage from excessive rains and pest issues.
Cotton exports are also expected to decline to 1.66 million bales, while imports are projected to rise to 2.94 million bales.
Domestic cotton consumption is forecast to remain stable.