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Global demand for cotton increases

As per Hank Reichle, Executive Vice President, Staplcotn Cooperative, Greenwood, there is a huge increase in overall demand for cotton globally, and the new year is likely produce the most cotton worldwide. This growing demand for cotton is also likely to reduce ending stocks from 85 million at the beginning of the current marketing year to 77.8 million a year from now, July 31, 2019. Though there will be more acres planted worldwide, there will be 1.5 million fewer acres harvested. This will lead to a 7 million bale shortfall this year in matching consumption with production. The world production will be led by the US, China and Australia while the consumption will be led by Bangladesh, China, India, and Vietnam, who will together account for 83 percent of the growth.

 

 
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