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China Digest Global Cotton Inventories To Shrink Under Pressure
Jan 10, 2017

United States Department of agriculture May monthly bulletin published its first country-specific forecasts for the new year. Overall, the 2016/17-world cotton production, consumption rose slightly, imports down slightly, ending stocks declined. 2016/17-global cotton production is expected to be 104.4 million, an increase of 4.8%, but because this year's yield is the lowest level since 2003-04, so even if next year's cotton production, global cotton production is not high, below the average for nearly a decade 116.3 million bales. Country view, larger annual cotton output under Pakistan (9 million, an increase of 2 million), the United States (14.8 million, an increase of 1.9 million), India (26.8 million, an increase of 1.2 million) and China (22.5 million, a decrease of 1.3 million), the main reason is that States this year cotton growing conditions return to normal.