India's new flower listing progress fast production forecast or will be reduced
According to foreign reports on May 2, with the recent decline in global cotton prices, India's cotton spot prices have been falling again and again, and the speed at which cotton farmers sell cotton has also accelerated. According to the latest data from the Indian Cotton Corporation, from April 25 to 30, India's new flower market was 52,000 tons, an increase of 40.9% year-on-year. As of the 30th, this year's cumulative total of new flowers reached 4.826 million tons, up 2.5% year-on-year, but far from the 8.7% year-on-year increase in total production forecasted by the USDA. Therefore, USDA may forecast its output in the monthly report in 544. The base of 10,000 tons was adjusted upwards and downwards by 128,000 tons. In addition, the Indian Cotton Advisory Committee has recently lowered its cotton production forecast to 5.304 million tons, an increase of 5.8% over the same period last year.