December 29, 2011

Global cotton production to grow by 10.9% in 2012

Global cotton output is expected to rise by 10.88%, while cotton consumption might just rise by 2.99% in the cotton season 2011/12.

Global cotton output is expected to increase to 26.80 million tonnes in 2011-12 cotton seasons, up from 24.17 million tonnes in 2010-11 or 10.88%, according to Cotlook.

Worldwide consumption is expected to decline to 22.71 million tonnes in 2011-12 from 23.41 million tonnes in the previous season. Among major cotton producing countries, Chinese, Indian, Australian and Pakistani cotton output is expected to rise, while in US and Brazil, it is anticipated to fall.

Cotton consumption in China, India, Pakistan, Bangladesh and Turkey is expected to climb, while in Brazil, it will stay flat and in the US, it is expected to fall. Chinese cotton output is expected to jump from six million tonnes in 2010-11 to 7.15 million tonnes in 2011-12, a rise of 19.16%.

Indian cotton production is anticipated to move from 5.52 million tonnes to 5.95 million tonnes in the current season or 7.78 percent. US cotton output is expected to fall to 3.44 million tonnes in 2011-12 from 3.94 million tonnes or down 12.69 percent. In Pakistan it is anticipated to jump from 1.76 million tonnes in 2010-11 to 2.14 million tonnes in 2011-12, a growth of a massive 21.59%.

Brazilian cotton production is also expected to decrease to 1.93 million tonnes in 2011-12 from 1.96 million bales, a decline of just 1.53%. Australian output is also anticipated to leap from 898,000 tonnes in 2010-11 to 1.14 million tonnes in 2011-12, up a stupendous 26.9%.