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Southern hemisphere cotton output may plunge 18%: ICAC
03 Dec '14
4 min read
World cotton trade is forecast to be downwards by nearly 1 million tons to 7.9 million tons, which is the third consecutive season in which world imports have fallen.
This is in line with the fall in China’s imports from over 5.3 million tons in 2011/12 to less than 2 million tons in 2014/15.
As China’s imports have fallen, imports outside of China have grown. However, the rate of growth has declined.
In 2012/13, imports outside of China increased by 19 per cent to 5.2 million tons while in 2014/15, imports outside of China are projected to expand 4 per cent to 5.9 million tons.
Bangladesh, Turkey, Vietnam and Indonesia are expected to be the largest importers outside of China in 2014/15. (AR)
Fibre2fashion News Desk - India
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