According to the latest forecast of the International Cotton Advisory Committee (ICAC), the global inventory will reach 19 million 900 thousand tons at the end of the year, and will be 2 million tons higher than the last quarter, according to the latest forecast of the global cotton inventory forecast < /a > P < 2013/14 > a href= "//www.pmae.cn/news/index_c.asp".

Despite a slight decline in production, consumption has risen slightly.

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< p > the organization also points out that although the world's cotton stocks are excessive, the Cotllook A index in January shows that the average price per pound of cotton is 0.91 US dollars, which is higher than that of November 2013 and early December of 0.85 US dollars.

This is partly due to hoarding of cotton in mainland China, which has consumed a lot of excess cotton from the global market.

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< p > in view of the global cotton < a href= "//www.pmae.cn/news/index_c.asp" > inventory < /a > in the mainland of China, if the Chinese mainland decides to release the inventory, then the price of cotton is expected to decline.

But ICAC warned that until the end of the 2013/14 crop year, China will have 58% of the world's cotton stock, which is estimated to have 11 million 500 thousand tons of final inventory.

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< p > according to the January report, the Chinese mainland government welcomed the cotton producers in mainland China with the subsidy system instead of the national cotton reserve plan.

In particular, the price of cotton produced in mainland China has been seriously damaged by the plan, which has seriously damaged the competitiveness of Chinese textile enterprises in the global market.

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< p > according to the prediction of ICAC, the world cotton output is 25 million 700 thousand tons on 2013/14, 4% lower than 2012/13, and 8% less than that of 2011/12's peak output of 28 million tons.

This is mainly due to the decline in cotton production per unit area and the decrease in planting area.

The global average production capacity of 2013/14 is estimated at 777 kg per hectare, 2% less than that in the previous quarter, and the global output forecast is 33 million 100 thousand tons, which is 2% less than that in the previous quarter.

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The cotton consumption of < p > > a href= "//www.pmae.cn/news/index_c.asp" > cotton spinning < /a > is expected to increase by 1% in the current season, to about 23 million 600 thousand tons, reversing the downward trend of cotton consumption since the year of 2009/10.

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< p > if the global economic situation improves, the cotton consumption of the global cotton mill should grow by 4% in 2014/15.

The latest forecast issued by the International Monetary Fund (IMF) in January 2014 shows that the world economic growth rate in 2014 was 3.7%, higher than 3% in 2013 and 3.1% in 2012.

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