MUMBAI(Commoditiescontrol)- Global cotton production forecasts to rise 8 percent to 24.9 million tons (1,464 lakh bales of 170kg each) due to expansion of 8% in planted area to 31.7 million hectares in 2017-18 due to higher price received by farmers in 2016-17. However, the area remained below the 20-year average of 32.7 million hectares. The world average yield is forecast at 785 kg/ha.(Full Report)
Following balance sheet consists the world cotton balance sheet forecasts by the International Cotton Advisory Committee (ICAC) which is presented in Indian Lakh Bales of 170kg each:
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1/ The inclusion of linters and waste, changes in weight during transit, differences in reporting periods and measurement error account for differences between world imports and exports.
2/ Difference between calculated stocks and actual; amounts for forward seasons are anticipated.
3/ World-less-China's ending stocks divided by world-less-China's mill use, multiplied by 100.
4/ China's ending stocks divided by China's mill use, multiplied by 100.
5/ U.S. cents per pound.
(By Commoditiescontrol Bureau; +91-22-40015534)
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