ICAC Once Again Raised Global Cotton Inventories And Demand Expectations

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< p > August 1st, the international a href= "http://www.91se91.com/news/index_s.asp" > cotton < /a > Advisory Committee (ICAC) once again raised the end of the year's cotton inventory forecast for the year of 2014/2015, although the demand for cotton will regain market share, the expected demand will increase significantly.

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< p > ICAC said in its monthly global cotton market outlook report that global cotton stocks in 2014/2015 will surge to 21 million 690 thousand tons, up from 20 million 600 thousand tons at the end of July.

The increase in global cotton inventories is mainly due to a higher inventory at the beginning of the year, although the agency expects that global cotton consumption will increase substantially this year.

"With the convergence of polyester and cotton prices, global cotton consumption is expected to grow 5% to 24 million 500 thousand tons," ICAC said in a statement.

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P > ICAC expects global cotton trade to fall substantially from the previous year.

Because China is the world's largest cotton consumer and producer, it is widely believed that the sharp decline in Global trade is due to the impact of China's cotton purchase and storage policy reform.

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< p > at present, the details of China's direct subsidy "a href=" http://www.91se91.com/news/index_q.asp "policy < /a" have not yet been published, and there is no clear conclusion whether the new round of reserve cotton outgoing policy will be restarted after the end of August.

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