MUMBAI (Commoditiescontrol) - In marketing year (MY) 2019/20, cotton area harvested is forecast to drop by almost 31 percent to 97,000 ha, from 141,000 ha in MY 2018/19. Production to decrease to 337,000 bales, down from 489,000 bales last season; a 31 percent decrease.
The Office of Agricultural Affairs attributes the decrease to the low price of cotton in 2018. High carryover from the previous season decreased prices and discouraged farmers from planting cotton in 2019.
In MY 2019/20, imports are forecast to increase by 2.0 percent to 510,000 bales, while exports are forecast to decrease by 24 percent reaching 220,000 bales as prices rebound.
(By Commoditiescontrol Bureau)
0 Comments 
Post Comment 
