The United States Department of Agriculture’s (USDA) Foreign Agriculture Service (FAS) estimates India’s cotton manufacturing at 29.3 million 480 lb. Bales (37.6 million one hundred seventy- kilogram bales/6.4 MMT) in advertising 12 months 2019/20.

Post’s MY 2019/20 production estimate is two hundred,000 480 lb. Bales decrease than the reputable USDA estimate.

Post estimates India’s advertising year 2019/20 cotton planted area at 13 million hectares, 300,000 hectares better than the reputable USDA estimate. According to the weekly planting development document posted through the Ministry of Agriculture and Farmers Welfare (MOAFW), cotton planted place throughout the country has reached 12.7 million hectares, five percentage higher than same duration final year, and nine percent higher than the five-12 months common. Planting in Central India (Gujarat, Maharashtra and Madhya Pradesh) is percent better than last yr.

Post’s location estimate of 13 million hectares represents a brand new report and surpasses the preceding report of 12.Eight million hectares in MY 2014/15.

Post estimates MY 2019/20 cotton intake at 24.6 million 480-lb. Bales (31.Five million a hundred and seventy-kilogram bales/ 5.4 MMT), 150,000 480-lb. Bales decrease than legit USDA estimate.

According to the production estimates published through the Textile Commissioners Office (TCO), cotton yarn production has improved via four percent among April – July 2019 as compared to the equal length remaining year. At the same time, mixed and one hundred percent non-cotton yarn manufacturing has elevated via 11 percentage, whilst fabric manufacturing through the mill region has fallen via 9 percent.

Mill intake stays muted like final month where the fall in yarn costs because of weak domestic demand, lackluster export marketplace coupled with excessive alternative fiber charges is negatively affecting the profitability of many small to medium-sized mills. Mills continue to inventory restricted cotton and preserve lean inventories. The trend is anticipated to maintain for the brand new season due to rate uncertainty. Average domestic wholesale seed cotton prices have fallen via four percentage from last month and are marginally lower than closing year. But Indian exgin (lint) cotton costs are almost 2-three cents higher than Cotlook A-Index, prompting turbines to reinforce their requirements with imports, USDA report said.