ID2024-0050 – Published on December 18, 2024
The Indonesian milling industry continuously faced significant challenges during 2023/24 which is estimated to continue posing some impact to 2024/25. Slowing demand from export destination countries and fierce competition from cheaper imported products in the domestic market have forced some textile and products manufacturers to take efficiency measures. Indonesian cotton imports and consumption in 2024/25 are forecast to decrease to 1.8 million bales and 1.75 million bales respectively. The declines are due to less demand from the export market and increased competition in the domestic market. Due to lower consumption, cotton ending stocks in 2024/25 are forecast to increase 10.6 percent from 2023/24.
