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Post estimates marketing year (MY) 2019/20 cotton production at 29 million 480 lb. bales (37.1 million 170-kilogram bales/6.3 MMT) with a planting area of 12.5 million hectares.
The pace of plantings for all major kharif crops is slower than last year as delayed monsoon rains and low reservoir storage levels have resulted in lower planted area.
Turkey was the 11th-largest export market for U.S.agricultural products in calendar year 2011.
High cotton prices, especially relative to man-made fibers, have helped accelerate the decline in cotton’s share of global fiber consumption over the last several years.
Brazilian crop and livestock production continues to expand, building on rapid gains over the past few decades.