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Post forecasts MY 2021/22 cotton production to increase by four percent to 29.5 million 480 lb. bales on an area of 12.9 million hectares.
The continued depreciation of the Indonesian rupiah against the U.S. dollar, depressed consumer purchasing power, and global economic slowdown is lowering demand for Indonesian textiles and products.
Marketing Year (MY) 2016 Turkish cotton area and production are projected to increase about 15 percent.
Post/New marketing year (MY) 2016/17 total Mexican cotton production is forecast to decrease approximately 4 percent due to an expected decrease in planted area.
Post’s production estimate for MY 2015/16 is lowered to 27.5 million 480 lb. bales.
MY 2015/16 production is expected to fall to 119,000 bales due to unfavorable weather in the southwestern region around Jessore.