India: Cotton and Products Update June 2021

  |   Attaché Report (GAIN)   |   IN2021-0081

Post forecasts MY 2021/22 cotton production at 29 million 480 lb. bales on an area of 12.9 million hectares. Kharif cotton planting is underway across India, however the pace of sowing is lagging in all states due to delayed winter crop harvest and delayed monsoon. The cotton minimum support price (MSP) was recently increased by four percent for MY 2021/22. Cotton shipments in May were the highest on record in the past eight years, indicating strong recovery in export demand. Post expects domestic consumption to rebound gradually as states relax lockdown measures that will allow retail stores to operate again.

Related Reports

Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Export prices of white and parboiled rice declined 1-2 percent due to a further weakening of the Thai baht against the U.S. dollar.
Attaché Report (GAIN)

China: Biofuels Annual

Wavering and uncertain polices and prices continue to limit fuel ethanol consumption in China. In late 2020 the State Council called for controlling the expansion of fuel ethanol processing capacity.
Attaché Report (GAIN)

Chile: Tree Nuts Annual

Post estimates 152,000 MT of walnut production for MY2021/22, a 2.7 percent increase over MY2020/21 following an increase in planted area.