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FAS Mumbai (Post) forecasts marketing year (MY) 2021/2022 cotton production at 28 million 480 lb. bales on an area of 12.4 million hectares.
With the China Cotton Index (CC Index 3128B) price surging 58 percent from its August 2020 level to RMB 20,150 (or, approximately U.S. $3,100) per metric ton (MT) on October 8, 2021, the Chinese government (PRC) is taking steps to rein in prices.
Irrigation water limitations in the Guadalquivir basin have resulted in lower area planted to cotton for MY2021/22.
Graphic illustrating the top U.S. agricultural exports to India from 2006-2016.
Infographic discussing U.S. agricultural trade to India which topped $1.3 billion in 2016.
There have not been any significant developments since last year’s 2016 report....
According to the Indian Meteorological Department (IMD), the cumulative rainfall for the Southwest Monsoon 2017 (June to September) was 5 percent lower than the fifty-year average....
For MY 2017/18, total area and production levels for West Africa are estimated to increase 2.75 percent to 2.95 million 480 lb. bales assuming good weather and strong farm gate prices.
U.S. exporters who want to enter or expand in India’s market have an array of opportunities available due to the country’s growing population and increasing demand for food and agricultural goods.