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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe review on the world situation of the sector published on September 14 by the International Cotton Advisory Committee (ICAC) reports a drop in cotton lint production. This production fell to its lowest level in three years, amounting to 24.2 million tonnes (Mt).
The fall in production is mainly due to a decline in the harvest in 4 of the 5 main supplier countries of the raw material, namely India, the USA, Pakistan and Brazil. While in India, the volume fell by 3% to 6 Mt, the last three nations recorded larger contractions of 27% (3.2 Mt), 32.5% (0 .89 Mt) and 22% (2.3 Mt). China is the only player in the top 5 which saw its result increase with 5.91 Mt in 2020/2021 against 5.8 Mt a year earlier. According to the ICAC, the Middle Kingdom was also the engine of world consumption during the past campaign. The improvement in the domestic situation of the textile-clothing industry and the revival of world demand for textile products enabled the country to absorb 8.4 Mt of tons of fiber, or 33% of the overall stock (25. 8 Mt). The most populous nation in the world is followed by India where consumption was also up by 26% to 5.6 Mt as well as other major fiber users such as Pakistan (9%), Bangladesh ( 9%) and Turkey (7%). In terms of exports, West Africa comes in 3rd position, selling 1.32 million tonnes of cotton lint, up 32% year-on-year. In the region, the main driving forces were Benin (357,000 tonnes) and C ô te d' Ivoire (246,000 tonnes ).
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