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) with a planting area of 12.5 million hectares. Planted area for Kharif 2019 season in Northern India is 18 percent higher than last year, prompted by high domestic seed cotton prices. Last week, local markets reacted to the Cotton Advisory Board revisions of its MY 2018/19 estimates. Raw cotton exports remain sluggish due to weak global demand, which is also reflected in limited purchases by mills. 

India: Cotton and Products Update