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In MY14/15, China lost its spot as the world largest cotton producer to India.
Post revises Vietnam's 2013/2014 cotton production estimate at 1,270 metric tons (mt) or 5.82 thousand bales.
Central America and the Caribbean, with their close geographical and economic ties to the United States, have always been an important market for U.S. agricultural exports.
Last planting season, in order to secure the maximum CAP payments for the period 2015-2020, farmers boosted planted area and production.
News on development in agriculture and food in Egypt.
Farm to market yard arrivals remain steady while mill buying remains very weak.
Post’s MY 2014/15 production forecast is revised lower to 30.4 million 480 lb. bales.
MY 2014/15 (Aug/July) rainy season started normally in May for most selected countries but a long pause during June and July could reduce countries’ initial targets.
Post forecasts that Zambia’s cotton production will increase by about 25 percent to 50,000 MT in the 2014/15 MY.
Pakistani cotton is currently among lowest-priced cotton in the world.
Post’s MY 2014/15 production forecast is 30.6 million 480 lb. bales, marginally lower than the USDA forecast.
Post’s MY14/15 forecast for cotton production remains unchanged from the previous 6.5 million tons.