Cotton: Indian harvest may decrease up to 30%

Commodities , Cotton Aug 07, 2012 No Comments

CottonThe cotton crop in Gujarat, the largest producer in India, may plunge as much as 30 percent in the harvest starting Oct. 1 from 12 million bales of 170 kilograms each a year earlier, as the worst monsoon since 2009 parches fields and curbs planting, potentially cutting exports for the first time in three years.

Rainfall in some parts of Gujarat is as much as 81 percent below a 50-year average as more than 50 percent of India is threatened by drought, shriveling crops from rice to cotton and oilseeds.

The area under cotton nationwide may decline as much as 10 percent as rains were either below-average or delayed in Maharashtra and Andhra Pradesh states, the second and third- largest producers.

Global cotton production in the year that started Aug. 1 will drop to 24.878 million metric tons from a record 26.66 million tons in the year ended July 31, Birkenhead, U.K.-based industry researcher Cotlook Inc. said July 19.

Via Cotton Crop In India To Tumble As Dry Weather Hurts CropsBloomberg

Tags :

Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

Leave a Reply

Your email address will not be published. Required fields are marked *