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Post estimates cotton production at 28.5 million 480-lb bales in marketing year (MY) 2020/21 on an area of 12.64 million hectares.
MY 2014/15 (Aug/July) rainy season started normally in May for most selected countries but a long pause during June and July could reduce countries’ initial targets.
Post forecasts that Zambia’s cotton production will increase by about 25 percent to 50,000 MT in the 2014/15 MY.
Pakistani cotton is currently among lowest-priced cotton in the world.
Post’s MY 2014/15 production forecast is 30.6 million 480 lb. bales, marginally lower than the USDA forecast.
Post’s MY14/15 forecast for cotton production remains unchanged from the previous 6.5 million tons.
Favorable cotton prices relative to synthetic fibers prices, coupled with the expansion of large mills, have led to higher imports and consumption of cotton.
Despite continued water deficit in the South and some pest problems during vegetation in some regions, in general, this year’s weather conditions were favorable for growers.