GLOBAL: Cotton plantation area to increase following higher cotton prices

MUMBAI: The higher price of cotton in 2005-06 indicates higher plantation area in 2006/07. Preliminary indications suggest that cotton plantation area will grow by about 3% to 35.7 million hectares.

According to International Cotton Advisory Council (ICAC) world cotton production is estimated at 25.2 million tons in 2005-06, down 1.2 million tons (4%) from last season. On the other hand, consumption is projected to increase by about 5,00,000 tons (2%) to a record 24.4 million tons. However, despite the rise, consumption will remain below production. This will in turn lead to increase in world ending stocks for the second consecutive season to 11.3 million tons in 2005-06.

Production is expected to increase in China (Mainland), India, Turkey and Brazil but forecast is down in the US. World cotton consumption is expected to continue to increase in 2006-07, increasingly concentrated in China (Mainland), India, Pakistan, and Bangladesh.

According to China Cotton Association's (CCA) survey, higher seed cotton procurement price has boosted Chinese farmersí planting intention. 2006 cotton planting in China is forecasted to reach 5.6 mil hectares, up 9.4% from 2005. Total cotton yarn production for the calendar year 2005 recorded 14.12 mil tons, up 29% from previous year. Cotton fabrics output expanded 28.5% to 19.66 billion square meters.

See: Cotton Production, Supply and Distribution by Country (2005/06)

Send your News/Releases for publication to [email protected]
Added: February 17, 2006 Source: Agencies
Start script - 1537483193.2796 Start news id check - 1537483193.2796 After news id check - 1537483193.28 After cookie_code - 1537483194.5915 Before news detail - 1537483194.5915 After news detail - 1537483194.5922 Start cat select - 1537483194.5923 After cat select - 1537483194.5925 before preg replace - 1537483194.5925 After preg replace - 1537483194.5925 Before tag engine - 1537483194.5925 After tag engine - 1537483194.598 Before mptt engine - 1537483194.598 After mptt engine - 1537483194.598 Before related engine - 1537483194.598 After related engine - 1537483194.6007 Before update hits - 1537483194.6007 After update hits - 1537483194.6009 After update news_hits - 1537483194.6034 After mem_only_views - 1537483194.6034 -------------------------------------------------- Total Exec time:- 1.3238999843597
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 20-09-2018