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- (-) February 2024
- (-) November 2019
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On February 19, the Government of India (GOI) published a notification that rescinded -effective February 20- the import duty of 10 percent for cotton with a staple length above 32 millimeters (mm).
FAS Mumbai forecasts marketing year (MY) 2023/24 cotton production at 26 million 480 lb. bales on 12.7 million hectares area planted, unchanged from the previous forecast. A strong pace of new crop arrivals during the first four months of the MY indicates a much larger crop size than previous trade estimates.
FAS New Delhi estimates India’s rapeseed-mustard production for marketing year (MY) 2023/2024 (October-September) at 11.9 million metric tons (MMT), harvested from 9.3 million hectares following favorable cold weather during the rabi crop season.
On October 23, 2019, the Government of India raised the minimum support prices (MSP) for the select upcoming rabi (winter-planted) crops, including wheat.
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.
FAS Mumbai revises its coffee production forecast slightly down to 5.16 million 60-kilogram (kg) bags for marketing year 2018/19 (October–September).