Cotton Outlook Global Cotton Production Projected Lower in 2015/16

摘要

The July 2015 U.S. Department of Agriculture (USDA) projections indicate that world 2015/16 cotton production is forecast at 111.5 million bales, 6% (7.5 million bales) below 2014/15 and the smallest global crop since 2009/10. For 2015/16, production declines are noted for most cotton producers as relative prices favor alternative crop plantings. The global cotton harvested area in 2015/16 is forecast at 31.8 million hectares, 2 million hectares (6%) below the preceding year. The world cotton yield is estimated at 764 kg/hectare, slightly below 2014/15.