The United States Department of Agriculture’s (USDA) Foreign Agriculture Service (FAS) estimates India’s cotton production for advertising yr (MY) 2019/20 at 29.Three million 480 lb. Bales (37.5 million 170- kilogram bales/6.Four MMT).

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

The Cotton Advisory Board (CAB) lowered its MY 2019/20 estimates for region and production, that is anticipated to bring about a brief-time period increase in raw cotton expenses which have been buying and selling underneath the minimal guide charge (MSP). Limited authorities procurement, weak export call for, and bad home mill purchases are main the authorities to do not forget measures to boost expenses to assist the farmers, the file stated.

Post estimates MY 2019/20 exports at four million 480-lb bales (five.1 million 170-kilogram bales/870,000 MT) equal as the professional USDA estimate. Exports shipments of raw cotton in the course of the first three months (Aug-Oct) of MY 2019/20 are 51 percentage decrease than equal period last yr.

Similarly, cotton yarn shipments for first 3 months (Aug-Oct) are 30 percentage lower than identical time final year. But there are symptoms of revival as shipments in October had been better through 19 percent than previous month as demand for yarn remains firm and need to reflect in phrases of higher shipments inside the coming months. The export shipments of cotton material throughout the first 3 months (Aug-Oct) of MY 2019/20 are four percent better than identical time remaining yr, and five percent better in October than previous month.

Post estimates MY 2019/20 imports at 2 million 480 lb. Bales (2.6 million a hundred and seventy-kilogram bales/436,000 MT), 2 hundred,000 480 lb. Bales decrease than USDA’s legit estimate. After a consistent flow of sturdy imports for the ultimate 5 months, the tempo of imports has started out slowing down as new crop arrivals pick up in the market. Imports remain led with the aid of massive extent of shipments from the United States, accompanied via Brazil and West African international locations.