USDA: India’s cotton production in 2021/22 is expected to be 28 million bales
2021-12-10 14:28:17
USDA: India’s cotton production in 2021/22 is expected to be 28 million bales
The US Department of Agriculture's Overseas Agricultural Service (FAS) in Mumbai issued a report on Wednesday that India’s cotton production in the 2021/2022 market year is expected to be 28 million bales (1 bale = 480 pounds), and the planting area is 12.4 million hectares.
The rains in early October delayed the harvest, but the speed of the arrival of goods increased, which is expected to drag down prices.
The report predicts that cotton consumption is expected to be 26 million bales due to strong export demand for cotton yarn and textiles.
“Exports are still strong, but rising freight costs and delivery delays have become a major challenge. Due to rising domestic cotton prices and higher tariffs on imported cotton, textile mills are facing procurement problems.”
