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Cotton prices still low say ICAC
02 Dec '05
2 min read
World cotton consumption is estimated at 24.4 million tons in 2005/06, up 4 percent. China (Mainland) is expected to account for 86 percent of this consumption increase. Consumption in China (Mainland) is forecast up 10 percent to 9 million tons, accounting for 37 percent of world consumption.
China (Mainland) will need to import this season about 3.2 million tons to fill in its production-consumption gap. Total cotton imports, driven by Chinese imports, are projected at a record this season, 8.7 million tons, up 21 percent from 2004/05.
The mission of the ICAC is to assist governments in fostering a healthy world cotton economy, and the work of the Committee is important to government officials and all segments of the private sector involved with cotton.
China (Mainland) will need to import this season about 3.2 million tons to fill in its production-consumption gap. Total cotton imports, driven by Chinese imports, are projected at a record this season, 8.7 million tons, up 21 percent from 2004/05.
The mission of the ICAC is to assist governments in fostering a healthy world cotton economy, and the work of the Committee is important to government officials and all segments of the private sector involved with cotton.
International Cotton Advisory Committee
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