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Cotton output likely to decline to five-year low in 2015-16

Related Keywords: Cotton Advisory Board, Cotton Association of India, cotton bales, cotton production, cotton sowing, decline in average acreage, five year low, likely to decline, low soil moisture, mixing sub-standard cotton, spurious seeds supplied, take trict action against trade malpractices, this crop year

The trade estimates cotton production at around 33 million bales (170 kg each) for the October 2015-September 2016 crop year against 38 million bales in the previous year. The Cotton Advisory Board anticipating lower output in its first estimate in November, forecast output at 36.5 million bales. The agriculture ministry had in September forecast cotton output at 33.51 million bales.

Cotton exports of India likely to fall by 41pc as China curbs purchases

Related Keywords: biggest producer of cotton, CCI, China to curb purchases, declining demand, India, Pakistan and Vietnam, raise sales to Bangladesh, second biggest seller, this crop year, to a five year low, to suffer steepest loss, witness fall in cotton exports, world stockpiles

India, the world’s biggest producer and second biggest seller, are likely to witness fall in cotton exports by 41 percent to a five-year low of 7 million bales this crop year ending September as China, the top buyer to curb purchases, according to government official.

Lower exports from India could support benchmark New York price that fell to a one-week low on Monday.

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