India: Cotton and Products Update September 2014
Official statistics reveal marketing year (MY) 2014/15 planted area reached a record 12.7 million hectares. Delayed rains and few alternatives prompted farmers to expand cotton area. The MY 2014/15 production forecast is 30.8 million 480 lb. bales. Weak prices have prompted the Cotton Corporation of India (CCI) to begin procurement under minimum support price (MSP) operations.MY2013/14 data have been revised based on official statistics.
