Global cotton production declined in 2013-14 cotton year
Source: CTEI Date: 2013-12-12
In the 2013-14 cotton year, estimated production of global cotton is 25.5 million tons, the lowest of the recently four years. And estimated consumption amount of global cotton is 23.5 million tons. Cotton consumption transfers from China to other countries, such as India, Pakistan and Turkey.
Cotton production in the United States and in China over the previous quarter declined significantly, which due to the bad weather and a decline in cotton acreage. In the Southern Hemisphere , large-scale cotton cultivation will begin in this month, 270 million hectares of cotton, the same as the 2012-13 cotton year.
World cotton trade is expected to reach 8.5 million tons in the 2013-14 cotton year, compared with the previous quarter, about a less of one million tons, most due to China ‘s cotton import’s falling.
World cotton inventory is expected to reach 20.4 million tons, compared with the previous quarter, an increase of 2.0 million tons. Chinese government began to purchase cotton from September. The amount is expected to reach 100,000 tons at the end of September. In the 2013-14 cotton year, China ‘s cotton reserve is expected to reach 11.4 million tons , an increase of 2,000,000 tons over the previous quarter.
However, the world cotton inventory will grow by less than 20 tons, therefore, China will have almost 60% of world cotton inventory at the end of the 2013-14 cotton year.
