Global cotton output will increase this year by 9%. USDA forecasts global cotton production at 105.7 Million bales.
India leads with 27 million bales, China 21 million bales, USA 14.3 million bales, Pakistan 7.7 million bales, Australia 4.5, and others 31 million bales.Indian Institute for Cotton research has developed shortest maturity cotton variety. This variety matures in 120 days as against current maturity of 200 days.
As demand outpaces production cotton prices will continue to increase (gradually) till 2021 according to Australia Commodity Bureau report. Cotton is currently priced
at 87 US Cents/lb in the Spot Market Trade.