India: Cotton and Products Update

Commodities

Post forecasts India’s MY 2018/19 cotton production at 28.5 million 480 lb. bales on 11.8 million hectares. Planting is near completion and the recovery of monsoon rains has improved yield prospects. Mill consumption is forecast at 25 million 480 lb. bales, the highest in the past three years. Exports of cotton yarn and fabric remain strong supported by the weakening of the Indian currency by more than 10 percent since the beginning of the marketing year. 

India: Cotton and Products Update