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Recent price gains make cotton sowing attractive - ICAC
06 Apr '15
4 min read
India, the world’s second largest consumer is projected to increase consumption by 4 per cent to 5.2 million tons while consumption in Pakistan is forecast to grow 2 per cent to 2.3 million tons.
In 2015/16, consumption is expected to grow modestly by 2 per cent to 24.6 million tons.
World imports are forecast down 15 per cent to 7.4 million tons in 2014/15 with imports by the world’s largest importer, China, expected to drop 50 per cent to 1.5 million tons.
Although consumption is recovering in 2014/15, a production surplus of 2.3 million tons is likely, resulting in another year of rising ending stocks.
In 2014/15, world ending cotton stocks are expected to rise by 12 per cent to 21.8 million tons, which represents 90 per cent of world consumption this season. (AR)
Fibre2fashion News Desk - India
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