Global Cotton Final Inventory Is Expected To Decline By 7% In 2016/17.

international cotton According to the October Global Forecast of production and demand released by the Advisory Committee, the increase in cotton production in the United States, Pakistan and Brazil in 2016/17 has offset the reduction in cotton production in China.

The global cotton planting area in 2016/17 is expected to be reduced by 1% to 30 million hectares. The average yield per unit area is expected to grow by 9%, reaching 753 kg / ha, lower than the average level of 770 kg / HA in the past ten years, so the output of cotton is expected to reach 22 million 600 thousand tons, up 7% over the same period.

The cotton planting area in India is expected to be reduced by 8%, about 11 million hectares, and the average yield per unit area is expected to grow by 9%, reaching 526 kg / ha, so the output is expected to be 580 tons.

China's cotton planting area is expected to be reduced by 7%, about 2 million 800 thousand hectares, the lowest level in nearly 30 years. Due to the increase of cotton planting area in Xinjiang and the high yield of cotton, the average yield per unit area is expected to grow by 3% to 1600 kg / ha, so China's cotton output is expected to be reduced by 4% to 4 million 600 thousand tons.

The cotton planting area in the United States is expected to grow by 20%, about 3 million 900 thousand hectares, and the average yield per unit area is expected to grow by 5%, to 899 kg / ha. The output is expected to reach 3 million 500 thousand tons, up 25% over the same period last year.

Cotton planting in Pakistan is expected to be reduced by 12%, about 2 million 500 thousand hectares. The average yield per unit area is expected to grow by 43%, to 756 kg / ha, and the output is expected to reach 1 million 900 thousand tons, up 26% over the same period last year.

Brazil cotton production is expected to reach 1 million 450 thousand tons, an increase of 7% over the same period last year.

In 2016/17, global cotton consumption is expected to be stable at 23 million 800 thousand tons, with consumption exceeding 1 million 300 thousand tons. China's domestic consumption decreased by 2% compared with the same period last year, and is expected to be 7 million 200 thousand tons, decreasing for seventh consecutive years. The global share of consumption has dropped from 58% last year to 53%. Although China has implemented a target price policy, cotton prices have dropped somewhat, but still higher than the international cotton price level. The consumption of India is estimated at 5 million 200 thousand tons because of the advantage of alternative fiber prices. Spin Businesses have increased. Blended yarn Production. Pakistan's consumption is expected to increase from 23 thousand tons to 2 million 300 thousand tons, due to the improvement of domestic energy supply. Turkey, the fourth largest cotton consumer in the world, consumes 1 million 500 thousand tons.

Due to stable export demand, US cotton exports in 2016/17 are expected to increase by 26% to 2 million 500 thousand tons, and India's cotton exports are expected to decline by 35% to 820 thousand tons. Bangladesh imports grew by 10% to 1 million 220 thousand tons, and Vietnam's imports increased by 15% to 1 million 150 thousand tons. China's imports are expected to increase by 2% to 977 thousand tons after declining for a year.

In 2016/17, the end of world cotton inventory is expected to decline by 7% to 18 million 100 thousand tons. China's cotton stocks are expected to drop by 15% to 9 million 600 thousand tons.