As per USDA’s first cotton forecast for 2021/22, global cotton consumption is expected to grow by 3.5 percent to almost 122 million bales in 2021-22. World cotton trade is expected to witness slight drop during the year tough exports are expected to more than double, to 697,000 tonne due to dramatically higher production and improved prospects relative to the extreme drought in 2020-21.

Exports from United States and Brazil are expected to dip due to significantly lower carry-in while those from India are expected to increase. China is projected to be the world’s largest importer for the second consecutive year, although imports are forecasted to be lower than previous year’s eight-year high. Pakistan imports are expected to decline due to highest expected consumption level in three years.

 

Global cotton stocks have expanded again in the past three years to between 95 percent and 75 percent of total use, compared with the three years from 2016-17 when stocks represented less than 70 percent of use.

 

Source: fashionatingworld.com