India: Cotton and Products Update

FAS Mumbai (Post) forecasts market year (MY) 2021/2022 cotton production at 28.3 million (480 lb.) bales on an area of 12.6 million hectares. Planted area has declined due to an extended dry spell (which has shortened the planting window) and greater area shifted to pulses and oilseeds due to better prices. Domestic fiber and cotton yarn prices continue to rise due to lower than anticipated production, a recovery in domestic demand, and robust demand for Indian cotton in foreign markets.