Search on site  Search on site    
Agro Perspectiva
We are on: 
-->
 


Home > News

India: Record Consumption and Strong Exports Lower Historically High Stock Levels

13.10.2021 13:34 "Agro Perspectiva" (Kyiv) — According to the report of the USDA Cotton: World Markets and Trade (January 2020), India’s 2021/22 consumption is forecast at a record 25.5 million bales and exports are projected at the second-highest level in 8 years at 5.8 million. This level of total use is forecast to lower ending stocks to 12.4 million bales, down nearly 4.0 million compared with the record level 2 years prior. A robust recovery from the COVID-19 pandemic and stronger domestic consumption and exports of cotton yarn, fabric, and products are projected to support a significant downfall in stocks.

Stock levels nearly doubled to a record 2 years ago primarily due to the following factors. First, production soared 3.0 million bales while consumption fell over 4.0 million. Second, India’s seed cotton prices fell below the Minimum Support Price (MSP), which drove record state purchases and storage of cotton lint in CY 2020 by the Cotton Corporation of India (CCI). For more information, see the June 2020 publication titled «India: Record 2020/21 Stocks Despite Higher Consumption» here.

Yet, the CCI’s record stock levels quickly fell with record sales in 2020/21. Mills and exporters were eager buyers, with 2020/21 domestic consumption rising 4.0 million bales and exports at their highest in 7 years at 6.2 million.

India’s projected record consumption in 2021/22 is driven by the expected strong gross domestic product (GDP) growth as well as rising textile exports. The International Monetary Fund’s October Update projected India’s GDP growth at 9.5 percent in 2021 and 8.5 in 2022, which is expected to support domestic consumption of cotton textiles and garments. World GDP growth projections of 5.9 percent in 2021 and 4.9 percent in 2022 are expected to support exports of cotton lint, yarn, fabric, garments, and home furnishings.

CCI is not expected to purchase a significant quantity of domestic cotton in 2021/22, due to spot prices exceeding the MSP procurement price (5,762 rupee per 100 kgs of seed cotton). Fewer government purchases and less storage coupled with the second-highest level of total offtake (consumption plus exports) are expected to prevent stocks from ballooning back to historically high levels.

AGRO PERSPECTIVA offers Agro + «Ukrainian Grain & Oilseed Market» weekly analytical bulletin.

Concerning subscription please contact: client@agroperspectiva.com or +380675964652 (WhatsApp, Viber, Telegram).

Agro Perspectiva

< Ample Supplies Enable Australia Wheat Exports to Soar Again All news for
13.10.2021
U.S. soybean oil prices at the Gulf peaked at nearly $500/ton above South American port quotes in midJune but fell precipitously in July and August >

10.02.2026  
12:49 FAO Food Price Index declines in January for fifth consecutive month
12:18 Ukraine poultry producers urge Moldova to hold talks, lift import ban
02.02.2026  
08:29 Agriculture ministers and partners commit to integrated global action on water scarcity and competing uses
06:27 FAO strengthens food security across Haiti and the Dominican Republic through emergency agriculture and regional agrifood system protection
25.01.2026  
19:06 EBRD and UKRSIBBANK provide US$ 17 million to YEDNIST' GROUP
23.01.2026  
15:07 EBRD invests US$ 20 million in Ukrainian-founded learning marketplace leader
15:05 EBRD invests EUR60 million in Amber Dragon Ukraine Infrastructure Fund
15:03 EBRD backs Horizon Capital Catalyst Fund with EUR30 million commitment
19.01.2026  
23:36 Cargill Advances Maritime Decarbonisation with Delivery of First Green Methanol Dual-Fuel Vessel
23:21 EU and Mercosur sign historic and ambitious partnership
14.01.2026  
04:04 Argentina Cuts Taxes Again, Enhancing Exports
04.01.2026  
08:24 Indonesia Robusta coffee production in 2025/26 is forecast to increase - USDA
05:09 Milk Production Continues Growth in 2026
30.12.2025  
09:21 Ukraine harvests 57.6 mln tonnes of grain in 2025 – Economy Ministry
17.12.2025  
08:58 Pigmeat pigmeat production on a declining trend
14.12.2025  
20:32 France, Germany, Spain, and Italy Lead EU Crop Production in 2024
10.12.2025  
20:21 EBRD and EU support a EUR100 million affordable housing initiative to support Ukraine’s recovery
06.12.2025  
08:31 EBRD backs green transport upgrade for Cherkasy, Ukraine
19.11.2025  
06:43 Autumn 2025 Economic Forecast shows continued growth despite challenging environment
05:25 Disasters cost global agriculture $3.26 trillion over three decades, FAO report reveals
05:23 Nitrogen management takes a major step forward in Europe. NitroScope project launches in Ghent
02:57 Global sugar trade in 2025/26 forecasted at 65.2 million tonnes – FAO
02:45 Global Wheat Production Set to Reach Record Level in 2025
17.11.2025  
19:34 International support for Ukraine demonstrated through major rail contract
15.11.2025  
16:35 EBRD finances new private peak energy generation and storage capacity in Ukraine
14.11.2025  
14:59 EBRD supports food and beverage security in Ukraine with EUR11 million loan to Karpaty Mineral Water
14:57 EBRD extends new guarantee to ProCredit Bank Ukraine to unlock extra EUR200 million in lending
14:51 EBRD and IFC co-invest in Dragon Capital’s Rebuild Ukraine Fund
28.10.2025  
08:27 Supply of cattle to processing enterprises decreased. Pig supplies increased
23.10.2025  
23:47 Commission mobilises ˆ50 million in emergency support to farmers in Bulgaria, Hungary, Latvia, Lithuania, Poland and Romania
23:43 Commission proposes measures to support generational renewal in agriculture to secure Europe's food, farming and rural future
17.10.2025  
22:05 Andrew MacPherson to be appointed CEO of Teys beef processing business
16.10.2025  
17:07 FAO marks World Food Day and 80 years of collective action for a better future
07.10.2025  
06:23 World Cotton Day. 7 October. Key messages
06:00 Global cotton production is expected to grow by 1.3% annually, primarily driven by yield improvements, reaching 29.5 Mt by 2034
05.10.2025  
22:03 FAO Food Price Index declined slightly in September
20:22 Cereal markets remain well supplied, with a positive outlook for the short term
28.09.2025  
15:31 HIGHLIGHTS: EU exports remained stable in the first half of 2025, while import prices increased
26.09.2025  
14:26 New FAO report assesses progress towards food and agriculture SDG indicators
10:49 EBRD lowers Ukraine 2025 growth forecast to 2.5 per cent
07:40 Turkey Stone Fruit Exports Forecast to Fall After Spring Frosts
24.09.2025  
14:08 EBRD supports Ukraine’s agribusiness sector
17.09.2025  
19:27 Sudan: FAO moves to protect 9.4 million livestock in nationwide vaccination campaign
14.09.2025  
11:57 Global oilseeds production is raised this month on higher soybean production in Ukraine - USDA
10:14 Global Raspberry Market Under Pressure Amid Weather Extremes, Rising Costs, and Shifting Yields
13.09.2025  
16:18 Improved prospects for coarse grains put global cereal production in 2025 forecast at all-time high
10:30 U.S. Corn Exports Forecast at Back-to-Back Records
26.08.2025  
14:47 BASF and Yara end joint project for low-carbon ammonia at U.S. Gulf Coast
07:48 Famine confirmed for first time in Gaza
15.08.2025  
19:55 The global oilseeds production forecast is lowered this month

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2026 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com