World cotton trade is forecast to be downwards by nearly 1 million tons to 7.9 million tons, which is the third consecutive season in which world imports have fallen.
Besides a 12 per cent fall in acreage, cotton output is expected to plunge 18 per cent in the Southern hemisphere, which covers countries like Brazil,#
This is in line with the fall in China’s imports from over 5.3 million tons in 2011/12 to less than 2 million tons in 2014/15.
As China’s imports have fallen, imports outside of China have grown. However, the rate of growth has declined.
In 2012/13, imports outside of China increased by 19 per cent to 5.2 million tons while in 2014/15, imports outside of China are projected to expand 4 per cent to 5.9 million tons.
Bangladesh, Turkey, Vietnam and Indonesia are expected to be the largest importers outside of China in 2014/15. (AR)
Fibre2fashion News Desk - India
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