USDA pegs next season’s cotton crop 4% higher, industry keeps its finger crossed
May 10, 2021
Natural fibre’s output projected at 378 lakh bales on 5% higher yield The US Department of Agriculture (USDA) has pegged India’s cotton production next season (October 2021 - September 2022) at 378 lakh bales (of 170 kg each), up four per cent from its current season’s estimate of 362.5 lakh bales.
But the Indian textile industry feels that it is too early to make any projection, given the vagaries of the South-West Monsoon.
In its “Cotton and Products Update”, it said that the higher production would be in view of yield increasing by five per cent as the South-West Monsoon has been forecast to be normal by the India Meteorological Department (IMD).