India: Cotton and Products Update

Commodities

FAS Mumbai estimates marketing year (MY) 2018/19 production at 27.3 million 480-lb bales. While cotton-harvesting operations are underway across the country, the pace of cotton arrivals in market yards remains marginally slower than last year. However, cotton exports have surged in December leading to the possibility of higher production numbers than the local industry is estimating. Domestic prices remain higher than international prices as mills prefer to import than source locally. 

India: Cotton and Products Update