ENA Sectors 2024-10-23 17:01:54 <p><span style="font-size:14px"><strong>New Delhi, Oct 23 (KNN)</strong> The Cotton Association of India (CAI) forecasts a downturn in the nation's cotton production for the 2024-25 season, with output expected to decrease by 7.4 percent to 30.2 million bales. </span></p> <p><span style="font-size:14px">This decline, according to a statement released by the trade body on Tuesday, is attributed to reduced cultivation area and crop damage caused by excessive rainfall across cotton-growing regions.</span></p> <p><span style="font-size:14px">The anticipated production shortfall is expected to trigger a substantial increase in India's cotton imports. </span></p> <p><span style="font-size:14px">The CAI projects imports to reach 2.5 million bales during the current season, which began on October 1, marking a 42 percent rise from the previous year's 1.75 million bales. </span></p> <p><span style="font-size:14px">Simultaneously, the association indicates that export volumes are likely to contract by 37 percent.</span></p> <p><span style="font-size:14px">This shift in production and trade dynamics represents a notable change for India's cotton sector, which plays a crucial role in the global textile industry. </span></p> <p><span style="font-size:14px">The reduced domestic output and increased reliance on imports could have broader implications for the country's textile manufacturing sector and international cotton trade patterns.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39686 https://knnindia.co.in/news/newsdetails/sectors/indias-cotton-production-to-drop-74-in-2024-25-cai 2024-10-23 17:01:54 knnindia.co.in