The Global Cotton Production Has Been In A Continuous Rising Stage In Recent Three Years

Looking at the global cotton supply and demand balance table in the past three years, it can be found that the global cotton production in the past three years is in the stage of continuous increase, from 24.321 million tons in 2020 / 21 to 26.403 million tons in 2022 / 23, and the global cotton production has increased by 2.082 million tons in three years, with an increase rate of 8.56%.

The continuous increase of yield is mainly due to the overall good cotton planting income in recent years and the high willingness of farmers to plant cotton. India, Australia and other countries have expansion plans.

In terms of global cotton consumption, it has been maintained at 26.3-26.8 million tons in the past three years. Although the global economic growth has slowed down under the influence of the new crown epidemic, the demand for textile and clothing is still good under the influence of loose monetary policies of major economies in the world.

In the supply and demand report of June 2022 / 23, the global cotton final inventory is 10.335 million tons, which is the high position in recent years, mainly due to the continuous increase of global cotton production under the background of overall stable demand side.

In the global cotton supply and demand report in June 2022 / 23, the change range of each index on a month on month basis is small, but from the vertical annual level, the global cotton supply and demand pattern in 2022 / 23 shows signs of easing.

At present, the overall situation of Zheng cotton is weak, mainly due to loose supply side and weak consumption. At present, there are still a large number of lint cotton unsold in Xinjiang, and the cotton price is running under pressure. Although there have been rumors about the purchase and storage in the recent market, the downstream textile enterprises have limited tolerance to the high cotton price under the weak market situation, so they still need to pay attention to the specific industrial policies.