Home / Knowledge / News / Textiles / India to remain largest cotton producer in 2017-18: ICAC
India to remain largest cotton producer in 2017-18: ICAC
05
Sep '17
World cotton production and mill use in 2017-18 are estimated at 25.1 million tonnes, which would result in a 9 per cent increase in output and 2 per cent rise in consumption, according to International Cotton Advisory Committee (ICAC). With output projected to increase by 4 per cent to 6 million tonnes, India will remain the world’s largest cotton producer.

China’s cotton production in the same period may rise by 7 per cent to 5.2 million tonnes after four seasons of decline, while Pakistan’s production is projected to increase by 17 per cent to 2 million tonnes.

Although the production forecast for the United States is 4.5 million tonnes, a rise of 20 per cent, the impact of the recent hurricane in Texas, home to around 45 per cent of US cotton production, is yet to be fully assessed, according to a recent ICAC press release.

Washington-based ICAC is an association of cotton producing, consuming and trading countries.

Global cotton consumption, which rose by 1 per cent to 24.5 million tonnes in 2016-17 after falling by 2 per cent in 2015-16, is projected to increase by 2 per cent to 25.1 million tonnes in 2017-18. Mill use in China may grow by 1 per cent to 8.1 million tonnes while India’s cotton consumption is predicted to recover by 3 per cent to 5.3 million tonnes.

Mill use in Bangladesh is anticipated to remain stable at 1.4 million tonnes as widespread flooding in August this year has damaged infrastructure and made it difficult to transport goods throughout the country and to run businesses, ICAC said.

World cotton area is projected to expand by 9 per cent during this period to 31.9 million hectares, and the world average yield is projected to remain unchanged at 789 kg per hectare.

World cotton stocks are predicted to remain stable at 18.5 million tonnes at the end of 2017-18, and the world stock-to-use ratio is expected to remain unchanged at about 75 per cent, or nine months of mill use.

China sold over two million tonnes from its national cotton reserve between May and August this year, thereby lowering the reserve to around 6.3 million tonnes at the end of August 2017.

China’s cotton stocks are forecast to decrease another 16 per cent to 8.9 million tonnes, which would account for 48 per cent of world stocks in 2017-18. Ending stocks held outside China are expected to increase by 22 per cent to 9.6 million tonnes in 2017-18. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Last-minute changes in USMCA keeps lid on e-com

Textiles | On 18th Oct 2018

Last-minute changes in USMCA keeps lid on e-com

Eleventh hour changes to a new trade deal torpedoed US hopes of...

Courtesy: Haggar

Apparel/Garments | On 18th Oct 2018

Haggar uses Repreve fibre made of recycled water bottles

Haggar, a US based apparel brand established in 1926, has recycled...

Courtesy: Pexels

Apparel/Garments | On 18th Oct 2018

Myanmar’s CMP garment export earnings $2.2 bn in Apr-Sept

In the six-month April -September mini budget this year, earnings...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

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

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search