India: Cotton and Products Update
Link to report:
Post estimates cotton production at 28.9 million 480-lb. bales in marketing year (MY) 2020/21 on an area of 13.3 million hectares. Post lowered its production estimate in response to expected lower yields in the state of Telangana. The new Committee on Cotton Production and Consumption (COCPC) estimates MY 2020/21 cotton production at 28.96 million 480 lb. bales on an area of 12.95 million hectares. Strong demand for cotton yarn and textiles has led to higher exports, and a surge in fiber and yarn prices in January. Government procurement under the MSP program continues across various states, securing over 24 percent of estimated total production.
