India’s cotton production is set to decline in the current season (2024-25). India’s Ministry of Agriculture has estimated production at 294.25 lakh bales of 170 kg for the current season. However, the US Department of Agriculture (USDA) has projected a significantly higher production of 320 lakh bales (25 million bales of 480 pounds). During the current season, the government’s nodal agency, Cotton Corporation of India (CCI), has procured around one crore bales of cotton at the minimum support price (MSP) as cotton prices remained lower than the MSP. There are indications that the domestic market is facing limited cotton availability.
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