COMMODITY
Finance Minister announces Mission for Cotton Productivity
Feb-03-2025

With an aim to boost the production and export of cotton and cotton products, Finance Minister Nirmala Sitharaman has announced the Mission for Cotton Productivity. She added that this five-year mission is likely to facilitate significant developments in productivity and sustainability of cotton farming. She said this will also promote extra-long staple cotton varieties.

Meanwhile, Cotton Association of India (CAI) had projected India's cotton production at 302.25 lakh bales of 170 kg each for the current 2024-25 season (October-September). This production is expected to decrease by around 7 per cent, as CAI had estimated a production of 325.22 lakh bales in the previous season.

The cotton imports estimated by CAI for the season are higher by 9.80 lakh bales compared to last year. Domestic consumption is estimated at 313 lakh bales for the current season. Exports for the 2024-25 season, estimated by CAI, remain the same as previously estimated at 18 lakh bales, which are 10.36 lakh bales lower than last year’s export of 28.36 lakh bales.


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