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Pakistan’s 2016/17 cotton production is forecast at 8.25 million 480 lb bales, up 250,000 bales from the previous estimate.
Rains have caused flooding in five states, although pan-India rainfall is three percent below the 10-year average for the southwest monsoon (June 1 through Aug. 28).
At a combined $23.8 billion, China and Hong Kong represent 18 percent of U.S. agricultural exports to the world, up from 10 percent just a decade ago.
On August 2, 2016, the Ministry of Agriculture (MoA) released its Fourth Advance Estimate for Indian Crop Year (ICY) 2015/16 (July/June).
Post forecasts India’s 2016/17 cotton production at 26.5 million 480 lb. bales on 11 million hectares.
Post forecasts 2014/15 area planted to cotton at one million hectares with cotton production reaching 6.9 million bales (1.5 million metric tons).
Cotton consumption and imports by Thailand are estimated to decline in MY 2014/15.
The marketing year MY 2014 Turkish cotton crop is now projected at 430,000 hectares and 700,000 metric tons (MT) (3.2 million bales).
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.