Pakistan, The Fifth Largest Cotton Producer In The World, Saw Its Cotton Production And Sales Decline

Pakistan is the world's fifth largest cotton producer, the third largest cotton consumer and the world's largest cotton yarn exporter. USDA The latest data in October shows that Pakistan's cotton output will increase by 109000 tons to 1415000 tons in 2022/2023, annual consumption will decrease by 153000 tons to 217700 tons, imports will decrease by 66000 tons to 914000 tons, ending inventory will increase by 78000 tons to 468000 tons, and inventory consumption ratio will increase by 4.76% to 21.5%. The estimate for September remained unchanged.

According to the latest data from Pakistan Cotton Processing Association, as of September 30, Pakistan's new year's cumulative seed cotton listing volume was 779000 tons of lint, an increase of 71.1% over the same period last year (455000 tons), the highest in recent years. Recently, cotton plants in Punjab Province have been affected by pests and excessive rainfall, and the quality and quantity of new cotton have been adversely affected to a certain extent. Some institutions will reduce their cotton output in 2023/2024 to 1.24-1.32 million tons.

Demand is also facing greater pressure and challenges. After a small increase in output, imports rose slightly, foreign demand was weak, and orders from Europe and the United States were significantly reduced. The orders that flowed back from China in the earlier period also showed weak stamina. Domestic and foreign demand showed weakness, and demand expectations in the fourth quarter were still under pressure.