MUMBAI(Commoditiescontrol)- Global cotton production forecasts to rise 10.6 percent to 25.4 million tons (150 million bales of 170kg each) due to expansion of 11% in planted area to 31.7 million hectares in 2017-18 due to higher price received by farmers in 2016-17.
Following the sharp drop in production in 2015/16, the 2016/17 production recovered by 7% to 23 million tons (135 million bales of 170kg each).
PRODUCTION: USA for the current season is expected to increase 25% to 4.7 million tons, a 930 thousand increase.
India remains the world’s largest producer with 2017/18 production expected to be 6.2 million tons with 8.7% growth.
The second largest producer, China, has production currently projected at 5.2 million tons with a 7.1% increase. Pakistan’s production projections for 2017/18 show a 11.5% increase to 1.9 million tons.
Production increase in Turkey is estimated to grow 18% to 829,000 tons. Other major cotton producing countries are expected to have positive growth attributed to increased area and yields.
PRICE FORECAST: International cotton prices have continued to move upward over the last few months as the season has been underway.
From the season low of 77 cents per pound at the start of season, prices are at a season high at the end of this calendar year up to 88 cents per pound.
The current season average of 80 cents per pound is lower than the 2016/17 average of 83 cents per pound.
CONSUMPTION: With a lower international price from the previous season and the rising price of competing fibres, global consumption is expected to grow.
After stagnating in 2016/17, global cotton demand is expected to increase 3% in 2017/18 to 25.2 million tons.
Chinese mill use is expected to remain stable at 8.1 million tons, while India and Pakistan are expected to increase 3% and 4% respectively. Consumption in Vietnam is expected to grow 12% to 1.3 million tons.
Moderate growth of 2-3% is expected for other major consuming countries of Bangladesh, Turkey and the United States.
NOTE: To view data in Indian bales of 170kg. (Click Here)
(4).jpg)
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)
0 Comments 
Post Comment 
