Global output of ELS & LS cotton may reach 4.3 lakh tonnes: ICAC

28 Jul '23

2 min read

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ICAC forecasts a 40 per cent rebound in global production of ELS and LS cotton in 2022-23, reaching 4.31 lakh tonnes, following a 20 per cent fall last year.
Increased US planting area could enhance this production.
Despite a decrease in exports expected this season, consumption levels remain consistent, primarily driven by India, Pakistan, and China.

The International Cotton Advisory Committee (ICAC) expects that the global production of Extra Long Staple (ELS) and Long Staple (LS) cotton may rebound in 2022-23 after a drop of over 20 per cent during 2021-22. Last year, ELS and LS cotton production was estimated at 3.08 lakh tonnes. According to a recent report, ICAC predicts production could increase by 40 per cent, reaching 4.31 lakh tonnes.

ICAC's speciality cotton report suggests that for the 2022-23 season, almost all significant producers are anticipated to register higher yields of ELS and LS cotton. The planting area in the United States has surged by 43 per cent. It is anticipated that this increase in planting area may help to boost global production. Production in the US and Egypt could potentially reach 103,000 and 105,000 tonnes, respectively.

A reduction in acreage in the US last year resulted in an overall production decrease of 20 per cent. Major producers like India, China, and Israel also saw declining production trends.

According to the report, global consumption levels for the 2021-22 season reached approximately 465,000 tonnes, a 3 per cent increase from the previous season. Consumption levels for the 2022-23 season are expected to remain consistent. Major consumers of ELS and LS cotton globally include India, Pakistan, and China, which collectively consume more than 80 per cent of world production.

World exports of the produce in the 2021-22 season totalled 181,000 tonnes, a figure 32 per cent lower than that of the previous season. In terms of exports by country, the US and Egypt, being major exporters, accounted for 90 per cent of world exports, exporting almost their entire crops. Presently, exports for the 2022-23 season are projected to decline further by 18 per cent, anticipated to reach 148,000 tonnes.

In the 2021-22 season, ELS and LS cotton imports by country were led by Pakistan with 135,000 tonnes, followed by India and China. The same trend is projected for the current 2022-23 season. These three countries account for 90 per cent of world imports.

Fibre2Fashion News Desk (KUL)

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