ICAC4 Monthly Report: Global Cotton Consumption Increased by 645,000 Tons from the Previous Month
According to the April global production and demand forecast released by the International Cotton Advisory Committee (ICAC), global cotton supply will continue to exceed demand in 2022/23, but the supply surplus will decrease month-on-month, and ending stocks will decrease month-on-month.
ICAC predicts that the 2022/23 Kotruk A index will be between 99.80-122.12 cents, with the median being 103.71 cents. Specifically, the global cotton initial inventory in 2022/23 is 19.425 million tons, a month-on-month decrease of 12,200 tons; global cotton production is 24.55 million tons, a month-on-month increase of 227,000 tons; global cotton consumption is 23.8 million tons, a month-on-month increase of 645,000 tons ; production exceeded consumption by 750,000 tons, a decrease of 500,000 tons from the previous month; global cotton exports were 8.98 million tons, an increase of 360,000 tons from the previous month; global cotton ending stocks were 202,000 tons, a decrease of 430,000 tons from the previous month.
