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World cotton consumption to increase by 2.6 per cent

According to the initial projections by the US Department of Agriculture (USDA), world cotton consumption is expected to increase by 2.6 per cent to reach 125.9 million bales in 2019-20 as against the previous year.

World cotton production is forecast to reach nearly 125.5 million bales in 2019-20, a 6 per cent increase from 2018-19’s global crop that had weather-related reductions in some of the major producing countries

The moderate production growth forecast for 2019-20 is largely the result of increased crop expectations for the US and India. Based on USDA’s initial projections, India, China, and the US—the leading producing countries—are forecast to account for a combined 62 per cent of global cotton production in 2019-20, slightly above 2018-19.