World cotton stocks are forecast to decrease late in the season 7% to 17.8 million tons by the end of 2016 to 2017 for Chinese stocks continue to decline.
End of service reserve in China where the majority holding excess reserves fell 13% to 11.3 million tons by the government has sold over 2 million tonnes from stocks between May to September this year .
From 2009-2010 to 2014-2015 service, world cotton stocks increased by 140% and reached a record 22.2 million tonnes of the world. During 2015-2016, a decline in world cotton production has led to a reduction of cotton reserves 14% to 19.1 million tonnes.
Meanwhile, the Chinese government has restricted the volume of import quotas to the WTO requirements in 2015 and 2016. The government has also announced that they will continue to sell from reserves starting in March 2017 year when most of the new cotton crops will be sold.
As a result of the government to sell from inventories, reserves of cotton in China is said to be down 15% to 9.6 million tonnes by the end of 2016 to 2017 cases. However, reserves outside of China can be up 4% to 8.2 million tonnes, down 16% after dropping 7.9 million tons, according to the statement from the Committee of International Cotton Advisory (ICAC).
Tru projected rate used for the world without China is predicted that 34%, about 4 months of consumption and in accordance with an average of 10 years.
During 2016-2017, world cotton production is forecast to increase by 7% to 22.4 million tons by the average yield increased by 9% to 753 kg / ha compensate for declining cotton area declined by 2% to 29 , 7 million hectares. India continued to be the largest cotton producer in the world, although yields are forecast unchanged at 5.8 million tonnes from 2015 to 2016 cases. China’s output is forecast to decrease by 4% to 4.6 million tons in the US trongkhi output is said to be increased by 24% to 3.5 million tonnes. After dropping 34% in production due to adverse weather, competition with other crops, low and deep pink explosion, Pakistan’s cotton production is said to be recovering 24% to 1.9 million tonnes in 2016-2017.Sau service in the face of lower inventories due to increased export demand, cotton production is forecast to increase by 8% to 1.4 million tonnes in Brazil.
During 2016-2017 the world cotton consumption is forecast unchanged at 23.8 million tonnes, although the mid-price of polyester fibers and wider international cotton prices. Consumption at the plant is said to increase consumption in the top three countries – Bangladesh, Vietnam and the United States, where consumption is forecast to increase 12% respectively to 1.2 million tonnes, 13% to 1.1 million tonnes and 1% to 762,000 tonnes. This will compensate for the decline in China, Turkey and Brazil, where consumption of the plant is expected to contract by 2% to 7.2 times luott million tons, down 1.45 million tons of 3% and 12 645,000 tonnes% down.
Nguyen Hoang Minh: According http://www.fibre2fashion.com