Post forecasts domestic consumption of cotton by the Malaysian textile industry at 350,000 bales in marketing year (MY) 2021/22 on presumed economic growth in Malaysia and strong consumer demand for textiles in the United States and the European Union.
The lack of alternative crops keeps Spanish cotton area highly inelastic. Despite good price expectations, tight water supplies in the Guadalquivir river basin and lower cotton specific payments may prevent Spanish cotton acreage from expanding...
Despite the economic slowdown caused by the COVID-19 pandemic, Post Dhaka has increased its cotton import forecast for marketing year (MY) 2021/22 to 7.6 million bales as a result of higher demand for locally spun yarn.
On April 16, the Indian Meteorological Department (IMD) forecasted a normal 2021 Southwest Monsoon, suggesting that June to September rainfall will likely be 98 percent of the Long Period Average (LPA) of 88 cm.