India: Cotton and Products Update

Commodities

FAS Post estimates India’s marketing year (MY) 2019/20 cotton production at 29.3 million 480 lb. bales (37.5 million 170-kilogram bales/6.4 MMT) from 12.45 million hectares of planted area. Official weather forecasts for a near normal monsoon and improved water storage levels from last year should support early cotton planting. Indian farm gate prices increased by 6 percent from last month, leading to limited mill buying. Cotton exports remain sluggish as Indian cotton remains expensive in the global market.

India: Cotton and Products Update