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ICAC forecasts world production to grow by 2% in 2017/18

As updated by the International Cotton Advisory Committee on 1st of February, 2017; expected is that the world production will increase for up to 2% in the year 2017/18. According to further published details: In its first estimate of the 2017/18 crop, the Secretariat predicts that world cotton output will rise by 2% to 23.4 million tons. The expansion is the result of an increase in planted area, which is expected to grow by 5% to 30.6 million hectares after two seasons of contraction. After improving by 13% to 781 kg/ha in 2016/17, the world average yield is projected to decline by 2% to 764 kg/ha.