India: Cotton and Products Update
Post’s MY 2014/15 production forecast is 30.6 million 480 lb. bales, marginally lower than the USDA forecast. Inadequate rains and some damage have led to reports of yield loss in the states of Maharashtra and Gujarat. As international market prices are attractive in comparison with Indian cotton prices, imports are forecast slightly higher. Consumption is forecast lower as sources report textile mills have built up inventories. MSP procurement operations are underway across southern India.
