India's cotton exports for the 2023-24 season have surged by 80%, reaching 28 lakh bales, driven by strong demand from Bangladesh and Vietnam, according to the Cotton Association of India (CAI). Imports have also increased to 16.40 lakh bales, while domestic consumption is projected at 317 lakh bales, reflecting steady local demand. Cotton acreage has declined to 112.13 lakh hectares, mainly in Gujarat, Maharashtra, and Telangana, though Karnataka and Odisha saw slight increases. With sup...
Cotton Exports Surge 80% in 2023-24 Season Amid Global Demand Growth by Amit Gupta, Kedia Advisory
The U.S. cotton balance sheet for 2024/25 shows a significant reduction in production, now forecasted at 14.5 million bales, down 600,000 from August due to lower yields. This decrease has led to a cut in exports to 11.8 million bales and ending stocks reduced by 500,000 bales to 4 million. Globally, cotton production is lowered by 1.2 million bales, influenced by declines in the U.S., India, and Pakistan. World consumption is reduced by 460,000 bales, with major decreases in Vietnam, Banglad...
U.S. Cotton Production and Global Supply Shrink Amid Lower Yields by Amit Gupta, Kedia Advisory
U.S. Cotton Outlook (2023/24)?Lower Production: The 2023/24 U.S. cotton production is 315,000 bales lower than the previous month's estimate, totaling 12.8 million bales. This decrease is attributed to lower yields in Texas, which offset gains in other regions.?Reduced Exports: Cotton exports for the 2023/24 season are projected to be 100,000 bales lower, down to 12.2 million bales.?Lower Ending Stocks: Due to the lower production and reduced exports, ending stocks are reduced by 200,000 bale...
Cotton`s 2023/24 Outlook: Reduced U.S. Production, Global Changes, and Price Stability by Amit Gupta, Kedia Advisory
