According to a report released by the International Cotton Advisory Committee (ICAC), global long-staple cotton production increased from 435,000 tons in 2014/15 to 487,000 tons in 2016/17 as the price of long-staple cotton recovered. Click to learn immediately about cashmere sweaters Before this, global long-staple cotton production declined for two consecutive years after reaching its historical high in 2010/11, and fell to a 30-year low of 397,000 tons in 2013/14. In 2016/17, China's long-staple cotton production is forecast at 183,000 tons, an increase of 46% year-on-year, US production is 121,000 tons, an increase of 29.5%, India's output is 77,000 tons, an increase of 18.5%, and Egypt's output is 47,000 tons. Cashmere cotton 45,000 tons, 2,000 tons of cotton. Click to learn immediately about cashmere sweater company In 2016/17, the consumption of long-staple cotton producing countries was stable at 333,000 tons. Since 2011, India has become the largest consumer of long-staple cotton. This year's consumption is expected to be 147,000 tons, China's consumption is expected to be 135,000 tons, an increase of 4%, and Egypt's consumption growth is 22% to 24,000 tons. Click to learn immediately about cashmere sweater suppliers In 2016/17, ending stocks of long-staple cotton are expected to increase by 11% to 330,000 tons, and China's inventories will increase by 71% to 147,000 tons. The export volume of long-staple cotton in the United States and Egypt is expected to increase by 13% and 6%, respectively, to 131,000 tons and 36,000 tons. Both countries' inventories are declining, supporting long-term cotton prices for the current year. This year's ending stocks of American long-staple cotton are expected to fall by 50% to 15,000 tons, and Egypt by 10% to 125,000 tons. Want to learn more about cashmere sweater: accessible Pay attention to WeChat public number "Cashmere sweater industry platform" to learn more about cashmere sweater information
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July 10, 2023