Cotton production during 2023-2024 cotton season is expected to be 6% lesser than the season that ended on September 30.
The Committee on Cotton Production and Consumption estimated cotton production in the current season (October 2023 to September 2024) to be 316.57 lakh bales (170 kg each).
This was 336.60 lakh bales in 2022-2023.
The total consumption by textile mills is expected to be 294 lakh bales compared with 295 lakh bales last season.
Exports are likely to be 25 lakh bales and imports 12 lakh bales.