India: Cotton and Products Update October 2024
Link to report:
FAS Mumbai forecasts MY 2024/25 Indian raw cotton exports at 1.2 million 480 lb. bales, 55 percent lower than previous estimate, due to India lint prices trading four percent higher than global prices, prompting buyers to prefer finer quality machine-picked cotton from foreign origins. While India prices remain above international prices, mills are likely to import higher volumes of cotton to cover export commitments for high value textile products. Consequently, FAS Mumbai forecasts MY 2024/25 imports at 2 million 480 lb. bales, 67 percent higher than previous estimate.
