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Excess rains in September helped offset delayed, erratic monsoon rains of the previous months. The monsoon came to an end with an extended withdrawal in early October.
FAS Mumbai (Post) forecasts marketing year (MY) 2021/2022 cotton production at 28 million 480 lb. bales on an area of 12.4 million hectares.
Post maintains its estimates for marketing year 2020/2021 (MY20/21) paddy area and production at 3,265 thousand hectares (THA) and 9.48 million metric tons (MMT). Despite reported droughts and floods in some parts of the country, industry sources expect higher production of the MY21/22 main wet season crop.
Market Year (MY) 2021/22 (October-September) centrifugal sugar production will grow by three percent to 34.7 million metric tons (MMT), equivalent to 31.8 MMT of crystal white sugar, on account of higher yields.
The COVID-19 pandemic severely impacted India’s hospitality sector, which is expected take another year to reach pre-COVID conditions and sales.