ICAC reported in 2007/08, world cotton production is forecast to remain stable at 25.3 million tons whereas world cotton consumption is expected to continue to increase to 26.5 million tons (+2%).
As a result, world cotton stocks are expected to decline by 7% to 10.7 million tons by the end of 2007/08. World cotton trade is projected up by 4% to 9.1 million tons in 2007/08, driven by predicted higher Chinese imports.
2006/07 world cotton production is estimated at 25.3 million tons, 3% higher than last season thanks principally to higher yields. World cotton consumption is estimated at 25.9 million tons in 2006/07, up 4%.
World cotton imports are forecast to decline by 8% in 2006/07 to 8.8 million tons, the second highest on record. The main reason for this projected decline is the expected drop in Chinese imports in 2006/07.
2006/07 exports are projected to decline in most large exporting countries including the United States, Uzbekistan, Brazil, and Australia. In contrast, 2006/07 Indian exports, boosted by a bumper crop, are expected to reach a record.
International Cotton Advisory Committee
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