Forecast Of Global Cotton Production And Sales In 2014/15

< p > < strong > global cotton consumption increased by 3% < /strong > < /p >

< p > although the lower a href= "//www.sjfzxm.com/news/index_c.asp" > cotton price < /a > has been welcomed by China textile mill, but in the past few years, the Chinese government's cotton policy has also caused great losses to the industry.

Since China began to implement the policy of purchasing and storage in 2011, cotton consumption has dropped by 17%, from 9 million 600 thousand tons in 2010/11 to 7 million 900 thousand tons in 2013/14.

In 2014/15, the downward trend of cotton consumption in China will slow down, and is expected to drop by 1% to 7 million 800 thousand tons.

At the same time, it is estimated that the cotton consumption of 3 other largest cotton producers in India, Pakistan and Turkey will increase in 2014/15.

Global cotton consumption in 2014/15 is expected to reach 24 million 300 thousand tons, an increase of 3% over the same period last year.

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< p > < strong > global cotton production decreased by 2% < /strong > < /p >

< p > experts predict that although global cotton processing capacity will increase in 2014/15, global production is expected to decline by 2% to 25 million 200 thousand tons, which will narrow the gap between global cotton production and consumption.

Considering that monsoon climate will not be as good as cotton growth in 2013/14, 2014/15 a href= "//www.sjfzxm.com/news/index_c.asp" > India < /a > is expected to yield about 6 million 300 thousand tons, down 2% over the same period last year.

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< p > world > a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > the decline in output will mainly occur in China, and is expected to decline from 6 million 700 thousand tons in 2013/14 to 6 million tons in 2014/15, down by 10%.

Because the Chinese government's support for the cotton industry is limited to Xinjiang, cotton production in other regions will probably decrease significantly.

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< p > < strong > global cotton trade volume decreased by 6% < /strong > < /p >

< p > global cotton trade is expected to decline from 8 million 700 thousand tons in 2013/14 to 8 million 200 thousand tons in 2014/15, down by 6%.

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Less than P, the decline is mainly due to China.

It is estimated that China's cotton imports will be 2 million 200 thousand tons in 2014/15, down 30% compared with 2013/14, and will decrease by 60% compared with the peak value of 5 million 300 thousand tons of imports in 2011/12.

The volume of global cotton trade will be partially offset by imports from Bangladesh, Indonesia and Vietnam. It is estimated that the total import volume of cotton will reach 2 million 400 thousand tons in 2014/15, 13% higher than that in 2013/14.

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