By admin       2018-04-20

World cotton trade is projected at 39.1 million bales in 2017/18, 4% above the previous season and the largest in four years. Higher trade is primarily driven by increased import demand from countries that process raw cotton into textile and apparel products. In 2017/18, Bangladesh, Vietnam, and China are forecast as the leading cotton importers, although all major importing countries are expected to show increases this season. With cotton exports by the US slightly above a year ago, 2017/18 gains are primarily noted by higher shipments from Brazil and Australia – a result of their larger high-quality supplies – as reductions are forecast for the other major exporter

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