India's cotton production seen at 29.3 mln bales - USDA

Oct 30 (Reuters) - Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in Mumbai: "Post estimates India cotton production at 29.3 million 480-lb bales in marketing year (MY) 2020/21 on an area of 13 million hectares. Heavy rains in central and southern India are expected to impact cotton quality and overall yields. "The minimum support price procurement for the new crop has commenced. Fiber prices have improved due to a sharp rise in exports of cotton and cotton products, which has increased cotton use, estimated at 22.7 million 480 lb. bales."

To read the full report, click: https://bit.ly/2TEkjFw (Reporting by Marcelo Teixeira)

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