USDA Attache Report: Cotton and Products Update India
FAS Post estimates India’s marketing year (MY) 2019/20 cotton production at 29.3 million 480 lb. bales (37.5 million 170-kilogram bales/6.4 MMT) from 12.45 million hectares of planted area.
MY 2019/20 cotton consumption at 25.3 million 480 lb. bales (32.4 million 170- kilogram bales/5.5 MMT)
MY 2019/20 exports at 5.2 million 480-lb bales (6.6 million 170-kilogram bales/1.1 MMT)
Domestic wholesale cotton prices were lower by five percent from last month, but mill buying is slow due to price volatility.
MY 2018/19 cotton exports are down by eight percent, while yarn exports have remained the same and fabric exports have risen by 13%.