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Despite the economic slowdown caused by the COVID-19 pandemic, Post Dhaka has increased its cotton import forecast for marketing year (MY) 2021/22 to 7.6 million bales as a result of higher demand for locally spun yarn.
On April 16, the Indian Meteorological Department (IMD) forecasted a normal 2021 Southwest Monsoon, suggesting that June to September rainfall will likely be 98 percent of the Long Period Average (LPA) of 88 cm.
Pakistan’s cotton production for Marketing Year (MY) 2021/22 is forecast at 5.3 million 480 pound (lb) bales, up 18 percent from the revised 2020/21 estimate...
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.