World cotton production to rise in 2017-18

Global cotton production in 2017-18 is forecast at 122.2 million bales, 14% above last season and the largest production in five years, according to the latest report by US Department of Agriculture (USDA).

According to the report, world harvested area in 2017-18 is estimated at 33.3 million hectares, 12% above 2016-17—as returns from cotton were more favourable and encouraged cotton plantings over alternative crops. The global yield is forecast to rise to 799 kg per hectare in 2017-18, the highest in four years and the second highest on record.

All major cotton producers are projected to harvest a larger crop in 2017-18, with increases for China and the US leading the gain. In 2017-18, the top three producing countries – India, China, and the US are projected to account for 63% of the global cotton crop.

India’s production is forecast at 28.5 million bales, about 6% above last season. For Brazil, cotton production is expected to reach 8.7 million bales in 2017-18, compared with 7 million last season.

World cotton consumption in 2017-18 is projected at 120.4 million bales, 5% above 2016-17. Although cotton mill use has been rising relatively steadily for the past six seasons, an expanding global economy and the slowdown in polyester production contributed to this year’s above-average growth. Despite the highest cotton consumption in a decade, 2017/18 world production is expected to exceed consumption for the first time in three years.

 

 
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