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ICAC: Cotton forecast signals optimism amid weather concerns


Anticipation is building for the 2024/25 cotton season, with initial projections from the International Cotton Advisory Committee (ICAC) hinting at promising gains in key metrics. Despite lingering uncertainties, particularly surrounding weather patterns, the forecast paints a picture of growth in area, production, consumption, and trade.

However, a shadow looms over the optimism as weather remains a significant wildcard, continuing its trend of unpredictability. Expected declines in yields, likely influenced by adverse weather conditions exacerbated by global climate change, underscore the challenges faced by the industry.

Projections for the upcoming season include a 3 per cent increase in area, reaching 32.85 million hectares, and a production boost of over 2.5 per cent to 25.22 million tons. Consumption is also forecasted to rise by 2.9 per cent to 25.37 million tons, while trade volumes are expected to surge by almost 4 per cent.

Despite the positive outlook, price projections remain subject to fluctuation, with the Secretariat's forecast ranging from 85.67 to 100.62 cents per pound. 



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