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MY 2015/16 production is expected to fall to 119,000 bales due to unfavorable weather in the southwestern region around Jessore.
Post’s production estimate for MY 2015/16 is lowered to 27.8 million 480 lb. bales.
Cotton crop prospects continue to erode and Pakistan’s 2015/16 cotton production estimate is estimated 500,000 bales lower at 7.5 million 480 lb bales, the lowest production since 1999.
MY2015/16 cotton imports are expected to decline 1 to 2 percent due to the weak economic recovery and competition from imported yarn.
As China continues to hold over half the world’s cotton in reserved stocks, China’s MY15/16 cotton imports are forecast to plummet to 1.25 million tons from the 1.8 million tons in the previous year.
China is the second largest market for planting seeds after the United States. It is self-sufficient in planting seeds for grains, but imports some grass, vegetable, and fruit seeds.
According to the Bank of Guatemala (BANGUAT), the food processing industry in Guatemala for year 2015, will grow 3.5 percent and will contribute 0.67 percent to the total GDP.
MY2015/16 seed cotton production in Burkina Faso, Mali, Cote d’Ivoire, Senegal and Chad combined, are expected to drop 10 percent compared to the initial target due to a late start of the rainy season
Post revises Vietnam's MY 2014/2015 cotton production estimate at 606 tons or 2,780 bales.
Over the past decade, the United States' agricultural exports to China have risen sharply, propelling China into its position as the fastest-growing and highest-value export destination...
The MY 2015/16 production estimate is 28.5 million 480 lb. bales while planted area is finalized at 11.8 million hectares.
Favorable cotton prices relative to synthetic fiber prices, combined with the expansion of large mills, have led to higher imports and consumption of cotton in MY 2014/2015.