India: Cotton and Products Update
Link to report:
Post estimates cotton production at 29.3 million 480-lb. bales in marketing year (MY) 2020/21 on an area of 13 million hectares. There are increasing reports of pest infestation across various states, but most are localized incidences. Fiber prices have improved due to a sharp rise in government procurement, coupled with rising exports of raw cotton and cotton products. Mill consumption remains constrained at 22.8 million 480-lb. bales as fears of additional lockdown measures continue to affect consumer sentiment.
