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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.
The MY 2018/19 Turkish cotton crop now estimated at 550,000 hectares and 920,000 MT (4.2 million bales).
Post lowered its MY 2018/19 area and production forecast to 11.8 million hectares and 28.5 million 480 lb. bales.
Delayed rains and low reservoir levels have led to a ten percent lower Kharif crop planting than the normal five year average during the southwest monsoon (June to September).