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FAS Mumbai (Post) forecasts marketing year (MY) 2021/2022 cotton production at 28 million 480 lb. bales on an area of 12.4 million hectares.
With the China Cotton Index (CC Index 3128B) price surging 58 percent from its August 2020 level to RMB 20,150 (or, approximately U.S. $3,100) per metric ton (MT) on October 8, 2021, the Chinese government (PRC) is taking steps to rein in prices.
Irrigation water limitations in the Guadalquivir basin have resulted in lower area planted to cotton for MY2021/22.
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).