Browse Data and Analysis

The objective of this report is to inform U.S. exporters of hemp fiber about relevant import regulations and market opportunities in Japan, a country with a long tradition of hemp use for textiles, food and industrial purposes.

FAS Mumbai estimates marketing year (MY) 2023/24 India cotton production at 26 million 480 lb. bales on 12.7 million hectares planted, a decrease from the previous year on the expectation that farmers will shift cotton acreage to higher return crops such as oilseeds and pulses.

On May 17, 2023 the Bangladesh Ministry of Agriculture published a special regulatory order amending the Plant Quarantine Rules 2018, thereby allowing the importation of U.S. cotton into Bangladesh without fumigation on-arrival.

The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.

Post forecasts MY 2023/24 cotton fiber production at 700,000 bales (480 lb.) The MY 2022/23 estimate for exports has dropped to 650,000 bales.

The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.

In January 2017, hemp cultivation became legal pursuant to Italian law No. 242/2016 promoting hemp cultivation and its industrial uses, leading to a sector revival, with more than 800 farms cultivating 4,000 hectares (ha).

On April 14, 2023, the National Development Reform Commission (NDRC) published Announcement No. 369 on Implementation Measures for Improving the Target Price Policy for Cotton.

Like many countries in the world, Egypt has been greatly affected by the Russian war on Ukraine, which has caused strain on the Egyptian economy. In 2022, the Egyptian government struggled to rein in inflation caused by rising food and energy prices. In October 2022, Egypt decided to sharply devalue the currency by the end of 2022, inflation reached almost 22 percent.

Uzbekistan’s cotton production in marketing year (MY) 2023/24 is forecast unchanged from the previous year at 675,000 metric tons (MT) (3.10 million bales).

The harvested area for Marketing Year (MY) 2023/24 is forecasted to rise five percent at 1.39 million hectares (MHA) compared to the previous year based on good farm gate prices, increase access to inputs, and improved national security particularly in Burkina Faso.

Marketing year (MY) 23/24 cotton imports are forecast at 1.8 million metric tons (MMT) on higher domestic demand for textile and apparel products and higher spinning demand.