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Cotton imports are forecast at 2.6 million metric tons (MMT) in marketing year (MY) 21/22. U.S. cotton exports to China surged to 1.2 MMT in the first 11 months of MY20/21, up from the 0.47 MMT in MY19/20, pushing the U.S. share of China’s cotton imports to 45 percent.
Mexico’s textile industry has rapidly recovered from dramatic effects due to COVID-19 and the global slowdown for cotton products during the first half of 2020.
Despite lower area, 2021/22 production is forecast to reach 5.3 million bales, an 18 percent increase over the disappointing 2020/21 crop.
On August 17, 2021, the European Commission (EC) approved seven genetically engineered (GE) crops (3 corn, 2 soybean, 1 rapeseed, and 1 cotton) and renewed the authorizations for two corn and one rapeseed crop used for food and animal feed.
FAS/Cairo revises its Egypt cotton forecast for market year 2021/22, accounting for a rise in area harvested and production.
FAS Mumbai (Post) forecasts market year (MY) 2021/2022 cotton production at 29 million (480 lb.) bales on an area of 12.9 million hectares.
France is the third largest industrial hemp producer in the world and the top producer in Europe. The French hemp production and processing industry is heavily regulated with national and European Union laws and regulations.
Post forecasts MY 2021/22 cotton production at 29 million 480 lb. bales on an area of 12.9 million hectares.
Post forecasts MY 2021/22 cotton production to increase by four percent to 29.5 million 480 lb. bales on an area of 12.9 million hectares.
Taiwan has no rule or law allowing for the sale of CBD related products and drugs and currently has very little to no potential for importing hemp or hemp-related products.
Post forecasts India’s MY 2021/22 cotton production will increase by four percent to 29.5 million 480 lb. bales on a reduced area of 12.9 million hectares.
Post forecasts domestic consumption of cotton by the Malaysian textile industry at 350,000 bales in marketing year (MY) 2021/22 on presumed economic growth in Malaysia and strong consumer demand for textiles in the United States and the European Union.