Global cotton consumption is projected to increase 1.7 per cent in the coming season but if production grows at the expected six per cent, it will exceed production by about 3,00,000 tons. As a result, global stocks should swell to 18 million tons. These factors, combined with tepid expectations for global economic expansion, have dimmed hopes for next season’s cotton demand.

At 5.9 million tons, China is expected to remain the world’s largest producer in 2019-20, topping India’s projected 5.75 million tons. West Africa, meanwhile, is expected to see its production hit an all-time high of 1.3 million tons.

Cotton is the most recognized fiber in the apparel market, and is used, either in its pure form or blended with other materials, to make much of the world’s clothing. Global cotton production continues to be concentrated in a few countries. The top five cotton-producing countries are forecast to account for more than 78 per cent of total production. World cotton mill use is forecast to resume its growth after a 1.3 per cent decline last year. Global cotton consumption is projected at 2.6 per cent above last year’s. Mill use is projected to increase in each of the leading raw cotton spinners.