According to the USDA first 2017/18 cotton projections at the Agricultural Outlook Forum, it was disclosed that there will be a 6-million-bale decline in global ending stocks.
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India is estimated to consume 29.5 million bales of cotton (170 kg each), this season ending this September. Within one month of its recent estimate, Mumbai-based Cotton Association of India (CAI) has revised the estimate of India’s cotton consumption and import numbers.
India expects to produce 35.1 million bales (170 kg) this season beginning in October. India’s official body, Cotton Advisory Board met in Mumbai and decided on this year’s first estimate of cotton production.
Declining cotton consumption needs a big boost, and innovation only holds the key, opine industry experts.
Declining cotton consumption needs a big boost, and innovation only holds the key, opine industry experts. It was a session of introspection for the cotton community! At the USA Cotton meet at the Trident Hotel in Mumbai recently, an august gathering of cotton industry experts watched with awe and avid interest at the Executive Director of Cotton Council International, Bruce A Atherley’s concerns over declining cotton consumption and call for attempts to give a boost to this natural fibre’s fortunes globally.
Cotton consumption this year will be the highest in six years. Total global consumption will be about 112 million bales (480 lbs each).
The cotton sector in India has been making a steady progress.