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Global cotton output in 2016-17 to rise 7%: ICAC
05 Oct '16
1 min read
Although world cotton area is expected to fall by 1 per cent to 30 million hectares in 2016-17, the lowest acreage since 2009/10, world production in 2016/17 is expected to rise 7 per cent to 22.6 million tons. The increase in global output is driven by an expansion of average yield, which is projected to improve by 9 per cent to 753 kg per hectare.
In 2016/17, world cotton usage is projected to remain unchanged from 2015/16 at 23.8 million tons, but is forecast to exceed production by 1.3 million tons. As a result, world stocks are projected to drop 7 per cent to 18.1 million tons.
Exports from the US are expected to rise 26 per cent to 2.5 million tons while exports from India, the second largest exporter, are forecast to decline massively by 35 per cent to 820,000 tons. (AR)
In 2016/17, world cotton usage is projected to remain unchanged from 2015/16 at 23.8 million tons, but is forecast to exceed production by 1.3 million tons. As a result, world stocks are projected to drop 7 per cent to 18.1 million tons.
Exports from the US are expected to rise 26 per cent to 2.5 million tons while exports from India, the second largest exporter, are forecast to decline massively by 35 per cent to 820,000 tons. (AR)
Fibre2Fashion News Desk – India
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