India likely to be the leading producer of Cotton in 2015-16: USDA
Sai Nikesh | The Dollar Business The global production of cotton in 2015-16 is expected to decline 6% over the previous season to 111.3 million bales, said the United States Department of Agriculture (USDA), in its latest release. By accounting for 26.5% of total production, India is expected to be the leading producer of cotton during 2015-16, the report added. However, according to the USDA’s projections, India’s cotton production during 2015-16 will decline for the second consecutive year and is expected to come down to 37.15 million bales due to delayed sowing, weather and low price realization, among other reasons. Meanwhile, statements by K N Vishwanathan, Vice-President, Indian Cotton Federation (ICF), remain in contrast to the USDA projections. Speaking to The Dollar ...
