The following GAIN reports were released on August 10, 2021. _______ On July 16, 2021, the European Commission published the EU Forest Strategy for 2030. As part of the European Green Deal, the Strategy aims to contribute to the EU's greenhouse gas emission reduction target of at least 55 percent by 2030. The Strategy calls for better protection of EU forests to combat climate change and biodiversity loss. It also recognizes the importance of wood-based industries for local economies and the forest-based bioeconomy. FAS Mumbai (Post) forecasts market year (MY) 2021/2022 cotton production at 29 million (480 lb.) bales on an area of 12.9 million hectares. Kharif cotton planting is now underway in central and southern India as the two-week monsoon delay has been followed by intense rains across the major cotton producing states. With market arrivals slowing, seed cotton prices are rising. Mill consumption is good at 25.5 million (480 lb.) bales buoyed by strong export orders, and the recent government announcement of a three-year extension of the Rebate of State and Central taxes and Levies (ROSCTL) scheme for the export of apparel/garments and made-ups. For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. |
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