Higher Cotton Production Expected; Prices Slowly Moving Up: The Cotton Advisory Board (CAB)’s estimate of India’s 2017/18 cotton production is 37.7 million bales (170 kg each), up 9.27 percent from 34.5 million bales in 2016/17.It is projected to be down in states that include Maharashtra, Gujarat, Telangana, Karnataka and Madhya Pradesh while higher in Rajasthan and Punjab. Pest attacks, especially pink ballworm, are expected to cause the production drop in Maharashtra and Gujarat. The overall area under cotton in 2017 was 12.2 mill hac, up 12.96 percent from last year’s 10.8 mill hac. Meanwhile, domestic consumption in India is expected at 28.8 million bales.
Prices were moving lower at the start of the harvest, but...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
A federal appeals court paused a USITC ruling against President Trump’s use of Section 122 to impose 10-percent global tariffs. A bipartisan group of 80 House members asked USTR to investigate specialty crop imports from Mexico for unfair trade practices. India notified the WT...
