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Post forecasts India’s MY 2021/22 cotton production will increase by four percent to 29.5 million 480 lb. bales on a reduced area of 12.9 million hectares.
Post forecasts domestic consumption of cotton by the Malaysian textile industry at 350,000 bales in marketing year (MY) 2021/22 on presumed economic growth in Malaysia and strong consumer demand for textiles in the United States and the European Union.
A look at how U.S. agricultural exports performed in 2020.
Graphic showing the percentage of U.S. agricultural production which is exported overseas. All told, more than 20 percent of U.S. agriculture is exported.
The Indian Meteorological Department (IMD) forecast a near normal Southwest Monsoon for 2018 suggesting that June to September rainfall is likely to be 97 percent of the Long Period Average (LPA).