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...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...