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Chinese cotton production to decline, world output to rise

27
Nov '09
That there is going to be a dip in cotton production in China and rise in world output is basically a foregone conclusion. Institutions make monthly adjustments of production forecast, depending on weather and other factors.

November report of China Cotton Association (CCA) forecasted China's cotton production to be 6.8 million tons against an expectation of 6.71 million tons, made in October.

The U.S. Department of Agriculture (USDA) forecasted China's cotton production to be 6.858 million tons against a October report forecast of 7.076 million tons.

International Cotton Advisory Committee (ICAC) forecasted October production at 7.42 million tons, but in its latest report lowered it to 6.75 million tons.

The expectations from different agencies vary, but looking at the figures it can be safely assumed that cotton production in China will be above 6.7 million tons. In addition ICAC expects that production of other countries will increase.

In November, USDA reduced global cotton production by 218,000 tons, including China and the United States, but the reduction is partly offset by production increase in Pakistan and Uzbekistan.

ICAC forecasts China's cotton production will decline, but India's cotton production will reach a record of 5.3 million tons, representing an annual growth of 8 percent. Production of Australia and Argentina will also expand.

Fibre2fashion News Desk - China


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