Cotton Outlook World Cotton Consumption to Exceed Production in 2016/17

摘要

The initial U,S. Department of Agriculture (USDA) cotton projections for 2016/17 indicate that global cotton consumption will expand slightly and surpass production for the second consecutive season. USDA's early projection for the 2016/17 global cotton crop is 104.4 million bales, 5% (4.9 million bales) above the 2015/16 estimate. A rebound in the global yield is expected to account for the boost in production as a slight reduction in total harvested area is projected in 2016/17. World area is forecast lower at 30.7 million hectares (75.8 million acres), the lowest since 2009/10. The global yield is expected to recover from a 12-year low in 2015/16 to 741kg/hectare (661 pound/acre).