MUMBAI(Commoditiescontrol)- ICAC raised world cotton production forecast by 10 percent to 25.4 million tons(109 million 170kg bales) in 2017/18 season(Aug-July) compared to 2016/17. (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:
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)