India: Fifth Straight Cotton Production Record Within Sight
10 September 2007 Cotton planting is almost over, except for certain areas of southern India. The 2007/08 area is expected to reach 9.5 million hectares (Ha) and current industry production estimates for the upcoming crop are ranging from 23.8 to 25 million bales. This would mark the fifth straight year of record cotton crops in the country.
In addition, USDA-FAS has slightly increased India’s 2006/07 production estimate up to 21.9 million bales.
Despite the expectation of a large upcoming crop, domestic cotton prices in August remained firm in India due to an expected delay in the new crop and improved international prices. Prices are expected to remain stable for next few weeks, but to ease starting in early October.
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