News

Global Cotton Consumption to reach unprecedented record of 27.5 million tons in 2018-19

Global Cotton Consumption to reach unprecedented record of 27.5 million tons in 2018-19
  • Comments   -   Friday, 03 August 2018 - 17:34

(Ecofin Agency) - During the 2018-19 campaign, global cotton consumption is set to hit 27.5 million tons, reflecting an all-time 4% increase. This was revealed Aug 1 by the International Cotton Advisory Committee (ICAC).

However, global output is projected to fall by 4% to 25.9 million tons, mainly due to a decrease in fiber area in major producing countries including India (-3%) and the USA (-5%).

ICAC said, with this strong consumption, global reserves are expected to slump by 1.6 million tons to 17.7 million tons at the end of the season. As for world prices, the Cotlook A index (average of the day's cheapest five quotations on the Far East’s physical market) should stand at 87 cents per pound in 2018/2019.

Espoir Olodo


Liquid Telecom Kenya struck a partnership agreement with Sigfox, specialized in Internet...
Read more |  17 August 2018
World Bank will grant a $15 million loan to Guinea-Bissau, Amadou Oumar Ba,...
Read more |  17 August 2018
The European Bank for Reconstruction and Development (EBRD) provides $44 million to support...
Read more |  17 August 2018
In a statement published on August 15, 2018, the Moroccan company Wafa...
Read more |  17 August 2018
MC Mining which operates Uitkomst coal mine announces that on Thursday 16,...
Read more |  17 August 2018
MTN Uganda, whose license will expire in October 2018, should list its...
Read more |  17 August 2018
The Liberian National Housing Authority NHA has initiated discussions with GELPAZ IMMO...
Read more |  17 August 2018
Liquid Telecom Kenya struck a partnership agreement with Sigfox, specialized in Internet...
Read more |  17 August 2018
World Bank will grant a $15 million loan to Guinea-Bissau, Amadou Oumar Ba,...
Read more |  17 August 2018
The European Bank for Reconstruction and Development (EBRD) provides $44 million to support...
Read more |  17 August 2018
In a statement published on August 15, 2018, the Moroccan company Wafa...
Read more |  17 August 2018
MC Mining which operates Uitkomst coal mine announces that on Thursday 16,...
Read more |  17 August 2018
MTN Uganda, whose license will expire in October 2018, should list its...
Read more |  17 August 2018
The Liberian National Housing Authority NHA has initiated discussions with GELPAZ IMMO...
Read more |  17 August 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.