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
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
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.