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MY 2014/15 (Aug/July) rainy season started normally in May for most selected countries but a long pause during June and July could reduce countries’ initial targets.
Pakistani cotton is currently among lowest-priced cotton in the world.
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
Official statistics reveal marketing year (MY) 2014/15 planted area reached a record 12.7 million hectares.
On December 31, 2013, China’s National Standardization Technical Committee on Cotton Processing published the final version of National Standard on cotton baling (GB6975-2013).
Recent floods damaged an estimated 80,000 hectares of cotton area, a small fraction of Pakistan’s 3.1 million hectares of cotton.
The Government of Pakistan has announced a seed cotton support price of 34 cents per pound for the upcoming harvest, a significant increase over the prevailing farm price of 26 cents per pound.
MY 2014/15 (Aug/July) rainy season started normally in May for most selected countries but a long pause during June and July could reduce countries’ initial targets.
Post forecasts Brazil’s Marketing Year (MY) 2014/15 cotton area to drop by about 11 percent to one million hectares, compared to the previous MY.
Post’s MY14/15 forecast for cotton production remains unchanged from the previous 6.5 million tons.
Pakistan’s 2014/15 cotton production is forecast 500,000 480 lb bales higher at 10.0 million bales.
The MY 2014 Turkish cotton crop is forecast at 430,000 hectares and 680,000 MT (3.1 million bales).