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Following a 20 percent decline in 2020/21, cotton imports are forecast higher in 2021/22 on stronger global and domestic demand for textile and textile products.

In market year (MY) 2021/22, cotton area harvested is forecast to increase seven percent to 70,000 hectares (ha), from 65,000 ha in MY 2020/21.

Post forecasts India’s MY 2021/22 cotton production will increase by three percent to 29.7 million 480 lb. bales on a lower area of 13 million hectares.

Cotton production in Australia is set to climb to 3.9 million bales in marketing year (MY) 2021/22, 50 percent higher than the estimated MY 2020/21 result and 15 percent above the previous 10-year average.

For 2021/22, Post forecasts cotton planted area to rebound 11 percent compared to the current season, to 1.6 million hectares.

The 2020 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world. This summary lists only the United States’ primary trading partners.

On January 25, 2021, the Ministry of Public Health (MOPH) published a ministerial regulation allowing for the commercial production and use of hemp.

Vietnam’s success in controlling COVID-19 has allowed textile and garment companies to maintain their operations, despite short-term disruptions.

MY2021/22 cotton imports are unlikely to recover due to slow economic growth. MY2020/21 cotton imports reduce sharply, and imports of U.S. cotton are also forecast to decline significantly.

The lack of alternative crops keeps Spanish cotton area highly inelastic.

Vietnam’s success in controlling COVID-19 has allowed textile and garment companies to maintain their operations, despite short-term disruptions.

MY2021/22 cotton imports are unlikely to recover due to slow economic growth. MY2020/21 cotton imports reduce sharply, and imports of U.S. cotton are also forecast to decline significantly.