Is India in ‘Denial’ Over Impending ‘Cotton Crisis’? #731


India is on the brink of a potential “cotton crisis”—and no one seems to be paying attention.

That’s the warning from Terry Townsend, former executive director of the International Cotton Advisory Committee, a Washington D.C.-based trade body for cotton-producing countries. While estimates of the South Asian nation’s current 2022/23 crop by the major statistical organization are showing production that’s on par with the year before at more than 5 million metric tons, the amount of seed cotton delivered by farmers to procurement centers as of the end of February was 1.1 million metric tons behind the pace of the previous season. For the longtime industry vet, that’s a huge red flag.

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