Expected Rebound in Yields and Higher Mill Consumption Forecasted
GAIN Report Number:IN9026
Report Highlights:
India’s marketing year (MY) 2019/20 cotton production estimate is 29.3 million 480 lb. bales on 12.45 million hectares. Yields are expected to rebound in most of the states after an erratic monsoon last year. Mill consumption is estimated higher than last year at 25.3 million 480 lb. bales as demand for cotton yarn is expected to rise with government support for textile exports. Mills continue to show interest in foreign cotton as imports are estimated at 1.5 million 480 lb. bales.
Source: USDA-FAS