India, the world’s second largest consumer is projected to increase consumption by 4 per cent to 5.2 million tons while consumption in Pakistan is forecast to grow 2 per cent to 2.3 million tons.
In the first two months of 2015, prices of competing crops like wheat, maize, and soybean all declined while cotton prices held steady. “The recent #
In 2015/16, consumption is expected to grow modestly by 2 per cent to 24.6 million tons.
World imports are forecast down 15 per cent to 7.4 million tons in 2014/15 with imports by the world’s largest importer, China, expected to drop 50 per cent to 1.5 million tons.
Although consumption is recovering in 2014/15, a production surplus of 2.3 million tons is likely, resulting in another year of rising ending stocks.
In 2014/15, world ending cotton stocks are expected to rise by 12 per cent to 21.8 million tons, which represents 90 per cent of world consumption this season. (AR)
Fibre2fashion News Desk - India
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