Global cotton consumption likely to reduce in 2011-12: ICAC

摘要

The projected slowdown in global economic growth in 2011 and 2012 will affect consumption of textile products, and therefore demand for cotton fiber. The ICAC Secretariat projects global cotton mill use to remain stable at 24.6 million tons in 2011/12. China, India and Pakistan, which account together for two-thrids of global mill use, are expected to spin only 1% more cotton in 2011/12 than in 2010/11. While cotton consumption could remain stagnant in 2011/12, cotton production is expected to increase in reaction to the high cotton prices received by farmers last season.