China’s 2020/21 cotton imports driven to 7-year high on strong consumption, state reserve demand

China’s 2020/21 cotton imports are forecast at a seven-year high, driven by the highest projected consumption in three years, robust State Reserve (SR) imports, and attractive prices for imported cotton relative to domestic supplies, the USDA said in its latest monthly report. Imports are expected to support China’s record year-over-year rise in consumption and its […]

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Australia’s cotton production in 2020/21 marketing year seen 350% higher than previous year

Australia’s cotton production in the 2020/21 marketing year is estimated at 2.8 million 480-pound bales (0.610 million metric tons), up 0.3 million bales from last month, and up 2.2 million bales or roughly 350 percent from the previous year, the U.S. Department of Agriculture said in its latest global agri report. Harvested area is estimated […]

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Malaysia’s palm oil production in 2020/21 marketing year estimated to be lowest since 2015 – USDA

Malaysia’s estimated palm oil production in the 2020/21 marketing year (MY) of 18.5 million metric tons is down 3 percent from last month and down 4 percent from the previous year, the U.S Department of Agriculture (USDA) said in its latest monthly report on global agriculture. Harvested area is estimated at 5.4 million hectares, unchanged […]

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Data – Latest USDA agri forecast for 2021/22

The U.S. Department of Agriculture provided the following forecast for various crops in its latest World Agriculture Supply and Demand Estimate (WASDE) report: Wheat Global production is raised to a record with larger crops in the European Union, Russia, Ukraine, and the United States. Global consumption is revised higher with more feed and residual use, […]

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