India: Cotton and Products Update

Commodities

Post estimates cotton production at 28.5 million 480-lb. bales for marketing year (MY) 2020/21 on an area of 12.64 million hectares. Cotton planting is underway in Northern India, even as farmers grapple with issues in transporting existing stocks, the lack of buyers, and prices well below the minimum support price. Despite government exemptions for agricultural activities during the nation-wide lockdown, the impact of COVID-19 was more severe in April as cotton gins remain closed, government procurement came to a halt, and mill operations are effectively the lowest in the past decade.

India: Cotton and Products Update