Home / Knowledge / News / Textiles / World cotton output to grow 2nd consecutive season: ICAC
World cotton output to grow 2nd consecutive season: ICAC
06
Jul '17
Global cotton production is expected to grow for the second consecutive season by 7 per cent to 24.6 million tons in 2017-18. This is due to the projected 7 per cent expansion of world cotton area, which is likely to increase to 31.8 million hectares. However, the cotton area would still remain below the previous ten-year average of 32.3 million hectares.

World cotton production has recovered in 2016-17 after declining by 19 per cent to 21.3 million tons in 2015-16, which was the lowest volume since 2002-03. This was a result of both a 9 per cent contraction in area due to low cotton prices and a 10 per cent fall in the world average yield.

In 2017-18, India will likely be the world’s largest producer for the third consecutive season with production growing by 6 per cent to 6.1 million tons, the International Cotton Advisory Committee (ICAC) said in its latest report. “An early and adequate monsoon, a higher minimum support price, and the prospect of better returns from cotton compared to competing crops have encouraged farmers in India to expand area by 8 per cent to 11.3 million hectares,” the report said.

In China, cotton area is expected to expand by 3 per cent to 3.2 million hectares due to high cotton prices and the new subsidy announced during the planting season. Assuming an average yield of 1,558 kg-ha, production could increase to 5 million tons, ICAC said.

Production in the US is forecast to increase by 12 per cent to 4.2 million tons, which is the largest volume since 2007-08. High prices, sufficient soil moisture in dryland areas and beneficial weather during planting is driving the increase in area and production, according to the report.

After two seasons of decline, cotton area in Pakistan is projected to grow by 8 per cent to 2.7 million hectares. Production could reach 2 million tons, assuming an average yield of 741 kg-ha, up by 11 per cent from 2016-17.

Meanwhile, based on expectations of growth in the global economy, world cotton consumption is expected to increase by 2 per cent to 24.7 million tons. China leads as the world’s largest consumer of cotton, though its mill use remains unchanged from 2016-17 at 7.7 million tons. High domestic and international cotton prices and constrained supply are likely to limit any growth. After a 3 per cent decline last season, India’s consumption is forecast to recover by 3 per cent to 5.3 million tons. Pakistan’s consumption is expected to increase by 3 per cent to 2.3 million tons. Mill use in Bangladesh and Vietnam is projected to rise by 5 per cent to 1.5 million tons and 7 per cent to 1.3 million tons, respectively.

In terms of exports, the US is expected to continue as the world’s largest exporter of cotton in 2017-18 despite a projected 7 per cent reduction in exports to 2.9 million tons. This is due largely to the fact that there will be a much larger supply of cotton from other countries on the global market compared to 2016-17. As a result, its share of world exports is expected to fall from 50 per cent in 2016-17 to 37 per cent in 2017-18. After declining by 28 per cent to 900,000 tons in 2016-17, exports from India are projected to rise by 2 per cent to 930,000 tons. While imports in China will likely be limited by quota, they are projected to increase by 1 per cent to 1.1 million tons. Imports by Bangladesh are expected to increase by 7 per cent to 1.5 million tons and Vietnam by 8 per cent to 1.3 million tons.

World ending stocks are forecast to decline by 1 per cent to 17.1 million tons in 2017-18. China’s stocks are expected to decline by 18 per cent to 7.6 million tons, and its share of world stocks is expected to decline to 44 per cent, which would be the first time since 2011-12 that it held less than half of global stocks. Stocks held outside of China are expected to rise by 17 per cent to 9.6 million tons. “This would be one of the highest volumes on record and indicates that prices should fall,” the report said. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Israeli minister announces tax cuts on consumer goods

Apparel/Garments | On 14th Dec 2017

Israeli minister announces tax cuts on consumer goods

The Israeli Government will slash taxes by $227 million, finance...

Courtesy: Kelvin Techstyles

Apparel/Garments | On 14th Dec 2017

Kelvin Techstyles fuses style and function in city apparel

Fusing style and function in outdoor clothing, Roseville,...

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search