India: Cotton and Products Update December 2014
Post’s MY 2014/15 production forecast is revised lower to 30.4 million 480 lb. bales. Deficient rains coupled with pest outbreaks indicate yield loss in the state of Gujarat. MSP procurement operations are underway across central and southern India. Exports continue to pick up as India cotton prices remain on par with the Cotlook index due to a weaker rupee while imports remain sluggish.
India: Cotton and Products Update December 2014
