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India's 2015-16 Cotton output may drop to 37.5 mn bales: USDA

16 Jun 2015 Evaluate

As per USDA's latest report, India's cotton production is expected to decline for the second consecutive year to 37.5 million bales in 2015-16 marketing season, due to a likely fall in yields on account of delayed sowing, weather and low price realization.

For the 2014-15 marketing season (August-July), the US Department of Agriculture (USDA) has forecast cotton output to be 38 million bales while the government has projected 35.3 million bales.