The world price of cotton will rise in the 2021/2022 season due to higher consumption
Cotton Seed
Published Mar 21, 2021
Tridge summary
World cotton consumption in the 2021/2022 campaign will once again exceed, for the second consecutive year, the total volume produced, which will translate into a reduction in surpluses and a greater rise in international prices for this industrial crop of the last eight years.
Original content
This is reflected in the latest report from the North American Department of Agriculture (USDA), on the situation of the world cotton market, which foresees a rebound of 4.1% in consumption and 4.7% in production, due to the significant boost to be experienced in Pakistan, Australia, Brazil, the United States, and West African countries. In the initial balance of the next harvest, it is observed that in the United States, cotton production will increase by 17% compared to the 2020/2021 season, consumption will recover, exports will remain stable and final stocks will be at the levels of ago five years. As for China, it will import the same amount as in the 2020/2021 season, in which it registered the highest level in seven years, and according to the USDA it shows a growth in the production of yarns and fabrics, together with a decrease in their production. A worker prepares cotton to be pressed in the state of Bahia (Brazil). Efeagro / Sebastiao Moreira Domestic consumption in ...
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