Browse Data and Analysis

FAS Mumbai (Post) forecasts MY 2022/23 cotton production will increase by five percent to 27.7 million 480 lb. bales on an area of 12.7 million hectares, two percent higher than last year. Yields are expected to improve by two percent to 475 kilograms per hectare on the expectation of a normal monsoon.

With expectations for a slight increase in area, but stagnant yields, 2022/23 production is forecast to reach 6.22 million bales, a 3.7 percent increase over 2021/22.

Cotton crop prospects continue to erode and Pakistan’s 2015/16 cotton production estimate is estimated 500,000 bales lower at 7.5 million 480 lb bales, the lowest production since 1999.

MY2015/16 cotton imports are expected to decline 1 to 2 percent due to the weak economic recovery and competition from imported yarn.

As China continues to hold over half the world’s cotton in reserved stocks, China’s MY15/16 cotton imports are forecast to plummet to 1.25 million tons from the 1.8 million tons in the previous year.

China is the second largest market for planting seeds after the United States. It is self-sufficient in planting seeds for grains, but imports some grass, vegetable, and fruit seeds.

According to the Bank of Guatemala (BANGUAT), the food processing industry in Guatemala for year 2015, will grow 3.5 percent and will contribute 0.67 percent to the total GDP.