Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

India overtakes China in cotton production

India has beaten China to become the world’s largest cotton producer in 2014/15. And the gap in production is set to widen considerably. Despite a projected two per cent decline in India’s output in 20151-6 from a year earlier, thanks to a deficient monsoon, the country’s share in global cotton production is set to rise to 27 per cent from almost 25 per cent in 2014-15. However, higher output doesn’t mask the stark reality that India’s cotton yield is just above a third of China’s and much lower than the global average.

Experts fear the surplus local production in 2015-16 could worsen a domestic glut and further dent local prices, as exports have plunged. Exports of cotton may remain negligible in 2015-16 owing to a massive fall in purchases by China, which typically accounted for over 70 per cent of India’s outbound shipments of the fiber.

China, the world’s largest cotton consumer as well as importer, has been attempting to move away from labor-intensive sectors like garments to more capital-intensive ones. The country has been offloading stocks from its huge reserves and also trimming subsidy support to cotton farmers for over a year now as wage costs have been soaring.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo