Jul '17
India—the largest cotton producer—accounts for 25 per cent of the 2017-18 global crop estimate, while China and the US are expected to contribute 21 per cent and 16.5 per cent, respectively, according to the latest ‘Cotton and Wool Outlook’ report released by the Economic Research Service of the US department of agriculture.
In 2017-18, India is projected to produce 29.0 million bales of cotton, 7 per cent above 2016-17. Although the yield is forecast lower (near the 5-year average), an area rebound of 14 per cent is expected to push the 2017-18 crop to its highest in 3 years.
For China, cotton production is projected to rise 5.5 per cent (1.25 million bales) in 2017-18 to 24.0 million bales. Area devoted to cotton is forecast to return to the 2015-16 level of approximately 3.1 million hectares. Meanwhile, the China national yield is projected at a record 1,713 kilograms per hectare, as area is heavily concentrated in the high-yielding Xinjiang region.
Due to each of the major producing countries expecting larger crops, 2017-18 global cotton production is forecast at its highest level in 3 years at 115.4 million bales, 8 per cent (8.8 million bales) above 2016-17 and 19 per cent above 2015-16’s 12-year low, the report said.
With alternative crops less favourable for the 2017-18 season, global cotton harvested area is projected to jump 10 per cent from 2016-17’s 30-year low to 32.4 million hectares (80.1 million acres). The world cotton yield is estimated at 775 kilograms per hectare (691 pounds per acre) in 2017-18, 2 per cent below a year earlier. (RKS)
Fibre2Fashion News Desk – India
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