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The previously forecast reduction in Mexican cotton production was not as severe as anticipated, due to a lower than expected reduction of planting in the state of Chihuahua.
MY2019/20 cotton imports are expected to decrease in line with decreased yarn production.
The Turkish cotton crop for MY 2019/20 is now estimated at 590,000 hectares and 800,000 MT (3.6 million bales).
China’s marketing year (MY) 2019/20 cotton consumption is lowered to 8.6 million tons, based on stagnant textile and apparel exports, low manufacturer confidence due to trade uncertainties....
Cotton imports for 2018/19 are lowered to 3.05 million bales due to competition from imported yarn and fabrics, a weak rupiah, and lower demand from export markets for garments.
Post estimates marketing year (MY) 2019/20 cotton production at 29.7 million 480 lb. bales (37.6 million 170-kilogram bales/6.3 MMT) with a planting area of 13 million hectares.
In MY2019/20, Spanish cotton planted area remained at similar levels compared to MY2018/19.
The MY 2017/18 Turkish cotton planting estimate is up 18 percent to 470,000 hectares and production is up 23 percent to 870,000 MT (4 million bales).
On October 23, 2017, the State of Gujarat announced a bonus of about 3.5 cents per pound (Rs. 500 per 100 kg) be paid to farmers for seed cotton.
U.S. farm and food exports climbed eight percent in FY 2017, reaching the third-highest level on record.
Vietnam’s MY2016/2017 cotton imports reached 1.2 million tons (or 5.5 million bales), up 20 percent over MY2015/2016.
Mexican federal biotechnology regulators gain custody of genetically engineered (GE) cotton fields as a precautionary measure after finding events, not explicitly mentioned on permits, were granted...