Attaché Reports (GAIN)
Report Highlights:
FAS Mumbai forecasts marketing year (MY) 2024/25 India cotton production at 25 million 480 lb. bales on 11.8 million hectares planted area, a two percent decrease in area from the previous forecast, as farmers have shifted cotton acreage to higher return crops such as paddy, and pulses.
To date, planting is complete on 11 million hectares, with sowing underway in south India. India's lint prices are trading eight to nine cents higher than global prices, prompting mills to import cotton until new arrivals begin in October. Mill consumption is forecast at 25.5 million 480 lb. bales, two percent higher from the previous forecast, on improvement in cotton yarn and textile demand in international markets.
Πηγή: USDA-FAS