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Related Keywords: arrival of seed cotton, Cotton market, Cotton picking, cotton prices firm, cotton producing districts, flow of buying orders, ginning units, ICAC, KCA, kept rising on strong demand, Pakistan expected to see rise in cotton consumption, spinners and exporters, spot rate, trading activity, world cotton production

As the day progressed trading activity kept rising on strong demand and flow of buying orders from spinners and exporters kept cotton prices firm on Wednesday. Pakistan is expected to be one of the few countries in the world where cotton consumption would rise this year.

Cotton picking has started in most cotton producing districts of Punjab while many ginning units have also stated their operations. In coming days there is a possibility that higher arrival of phutti (seed cotton) could put cotton prices under pressure.

Related Keywords: below the 20-year average, China cotton production, entirely due to expansion in world cotton area, India expected to remain the world’s largest cotton producer, International cotton advisory committee, output increasing, projected to increase by eight percent, projected to rebound, world average yield, world cotton production

In 2017/18, world cotton production is projected to increase by 8% to 24.9 million tons due entirely to an 8% expansion in world cotton area to 31.7 million hectares, which is below the 20-year average of 32.7 million hectares. The world average yield is forecast at 785 kg/ha. India is expected to remain the world’s largest cotton producer in 2017/18 with output increasing by 6% to 6.1 million tons. After falling by 6% in 2016/17, China’s production is projected to rebound by 7% to 5.2 million tons.

Related Keywords: Bangladesh rise in cotton consumption, cotton consumption will rise to twenty percent, favourable government policies for textile sector, global apparel trade, higher demand from garment makers, International cotton advisory committee, more than one million tonnes, Vietname major competitor of Bangladesh, world cotton production

Bangladesh to witness rise in cotton consumption by 10 percent to more than one million tonnes due to higher demand from garment makers and favourable government policies for the textile sector while cotton consumption in Vietnam, one of the major competitors of Bangladesh in global apparel trade, will rise 20 percent to 1.1 million this fiscal year, as per the latest report released last week by the International Cotton Advisory Committee.