The International Cotton Advisory
Committee (ICAC) expected the growth in cotton consumption this season,
with a surplus of 1.7 million tons in world production. The 2014-15
world ending stocks estimated at 21.3 million tonne, up 9% from 2013-14.
- The world cotton acreage for 2014-15 is estimated at 33.5 million hectares, up 3%. And, world output is estimated down 1% at 26.1 million tons on lower production in
- China and the Southern Hemisphere.
- India’s production is expected to remain stable at 6.8 million tonne due to less favourable monsoons and despite an expansion in the cotton acreage by 5% to 12.3
- million hectares. However, the production will surpass China’s by over 300,000 tonne, making it the largest cotton producer in 2014-15.The China’s cotton production is projected downwards by 7% to 6.4 million tonne.
- The Brazil’s production is also forecast to fall by 10% to 1.5 million tonne.
- The Australia’s production is down by 47% to 470,000 tonne due to drought and lower area.
- The Production in the United States is looking to rebound 23% to 3.5 million tonne, partially offsetting declines in the other major producing countries.
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