India's cotton production projected at 25 mln bales, says USDA
Sept 4 (Reuters) -Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service (FAS) post in New Delhi:
"FAS forecasts 2024/25 India cotton production at 25 million 480 lb. bales on 11.8 million hectares (29.2 million acres) planted area, a 2% decrease in area from the previous forecast, as farmers have shifted cotton acreage to higher return crops such as paddy, and pulses."
"To date, planting is complete on 11 million hectares, with sowing underway in south India. India's lint prices are trading
eight to nine cents higher than global prices, prompting mills to import cotton until new arrivals begin in October. Mill consumption is forecast at 25.5 million 480 lb. bales, 2% higher from the previous forecast, on improvement in cotton yarn and textile demand in international markets."
To read the full report, click: https://bit.ly/4gdacR1
Reporting by Marcelo Teixeira in New York
Editing by Marguerita Choy
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