Cotton production & consumption to expand in 2011/12
The first U.S. Department of Agriculture (USDA) cotton forecast for 2011/12 projects growth in both world cotton production and consumption, with production exceeding consumption for the first time in 7 years. Global production is forecast to rise to a record of about 125 million bales, 10 million above 2010/11.
The nearly 9-percent growth rate for 2011/12 pushes the anticipated crop nearly 12 million bales above the 5- year average. Cotton production in 2011/12 is forecast to increase in most of the major producing countries, led by India, China, and Pakistan.
World cotton consumption for 2011/12 is projected at 119.5 million bales, 3 million higher than 2010/11 and the largest since 2007/08.
Growth similar to the long-term average is supported by improving global economic conditions, cotton product demand in developing countries, and the expectation of a bumper crop. Cotton mill use in 2011/12 is forecast to expand in the major consuming countries, led by China and India.
The nearly 9-percent growth rate for 2011/12 pushes the anticipated crop nearly 12 million bales above the 5- year average. Cotton production in 2011/12 is forecast to increase in most of the major producing countries, led by India, China, and Pakistan.
World cotton consumption for 2011/12 is projected at 119.5 million bales, 3 million higher than 2010/11 and the largest since 2007/08.
Growth similar to the long-term average is supported by improving global economic conditions, cotton product demand in developing countries, and the expectation of a bumper crop. Cotton mill use in 2011/12 is forecast to expand in the major consuming countries, led by China and India.
转载本网专稿请注明出处“中国纺织网”
编辑：纺织网
「相关报道」
免责声明：浙江网盛生意宝股份有限公司对中国纺织网上刊登之所有信息不声明或保证其内容之正确性或可靠性；您于此接受并承认信赖任何信息所生之风险应自行承担。浙江网