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- (-) April 2017
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Post estimates that cotton planted area in Vietnam continues to shrink to an insignificant amount and pushing the country a step closer to importing 100 percent of cotton....
MY 2017/18 raw cotton production is projected at 130,000 bales on favorable weather and expansion of American Upland cotton planted area; imports are projected to rise by 6.2 million bales....
Post forecasts cotton planted area for 2017/18 to increase to one million hectares based on higher prices and domestic demand.
Higher cotton prices in MY16/17 and continued government’s subsidies are expected to encourage cotton farmers to moderately expand cotton acreage in MY17/18.
Spanish area planted to cotton for MY 2017/18 will show marginal growth compared to 2016/17 levels.
Pakistan’s marketing year 2017/18 cotton production is forecast at 8.5 million 480 lb bales, up 10 percent from a year ago due to an expected increase in area.
Indonesian importers report that anticipated increases in fossil fuel prices will drive down synthetic fiber demand, pushing up Indonesia’s expected cotton imports in MY 2016/17.
Uzbek cotton planted area and production target for MY 2017/18 is announced as 1.2 million hectares and about 3.18 MMT of seed cotton.
India’s 2017/18 cotton production forecast is 28 million 480 lb. bales on acreage of 11 million hectares. The yield forecast is lower than last year but remains above the three-year average.
In MY2017/18, cotton area is forecast to double to 110,000 ha and production is set to almost double and reach 340,000 bales.
MY2017/18 cotton imports are forecast to increase three to four percent from MY2016/17 in anticipation of a sustained recovery by spinning mills that have been in a downturn since 2014.
In 2016/17, cotton production is expected to reach 2.5 million bales, assuming the continuation of average seasonal conditions.