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World cotton production is expected to grow by 12 per cent in 2017 / 18

According to the latest data of the international cotton advisory Committee, the world cotton production forecast will be raised again, with the latest forecast for the 2017 sales year showing a growth rate of 12 %.
• global cotton production is estimated to increase to 25.74 million tonnes in 2018.
:: global cotton production is projected to grow by 12 per cent in 2018 compared to 7 per cent in 2016 / 17, mainly due to the expansion of the world 's cotton cultivation area by 11 to 32.5 million hectares.
According to the latest icac report, production is projected to be 25.74 million tons during this period, up from 25.4 million tons projected in October 2017. This represents a 12 per cent year-on-year increase in global output in 2017 / 18 compared with a 7 per cent increase in 2016 / 17, mainly due to a decrease in cotton cultivation in the previous two years, which is expected to grow by 11 per cent to 32.5 million hectares this year.
Of these, India is projected to grow by 8.7 to 6.2 million tons in 2017 / 18, with an area of 11.55 million hectares under cultivation. In the United States, cultivation will continue to grow by about 20 per cent in the second quarter to 4.6 million hectares.
After several years of reduced cultivation in Si Tan, it is estimated that the cultivation area will grow by 24 to 3.1 million hectares in 2017 / 18 and that output will grow by 24 to 2.06 million tons.
At the same time, production in all other major cotton-producing countries is expected to grow in 2017 / 18, including China, Brazil, French - speaking African countries and turkey.
General situation of cotton plant
Projections from intergovernmental organizations also show that global cotton plant use grew by 3 per cent to 25.2 million tonnes in the 2017 / 18 period. The use of cotton plants in mainland China is expected to grow by 1 % to 8.12 million tons. Cotton production in India, Pakistan, Si Tan, turkey, Bangladesh, Viet Nam and Brazil is also expected to grow moderately.
Inventories will continue to grow as factory usage increases, but as production exceeds consumption. Imports from mainland China are expected to remain stable as inventory usage declines.
Although recent increases in cotton prices may boost cotton consumption, the gap between cotton and polyester prices has continued to narrow since mid - 2017.
The mid-point of the cotton price index for 2017 / 18 is still visible at 72 cents per pound, up from 69 cents per pound estimated two months ago, down 13 cents from 2016 / 17.
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