Higher production, vigorous trade are expected in the 2021/22 season

Highlights from the October 2021 Cotton This Month for the 2021/22 season include:

• World production is estimated at 25.7 million tonnes
  

• World consumption is estimated at 25.9 million tonnes
  

• The trade estimate of 10.29 million tonnes shows that the industry outlook remains positive overall
  

Global consumption is estimated at 25.9 million tonnes, and with ending stocks for 2020/21 having been revised downward to 20 million tonnes, world cotton supply is estimated to be 45.8 million tonnes for the 2021/22 season.

The industry saw some of the highest levels of trade ever in 2020/21, and the estimate of 10.29 million tonnes for the coming season shows that industry sentiment remains positive — especially given the robust levels of retail sales of textiles seen in many developed countries.

The Secretariat’s current price forecast of the season-average A index for 2021/22 ranges from 82 cents to 127 cents, with a midpoint at 101.60 cents per pound.

Cotton This Month is published at the beginning of the month with the Cotton Update published mid-month. The Cotton Update, which is included in the Cotton This Month subscription, is a mid-month report with updated information on supply/demand estimates and prices. The next Cotton Update will be released on 15 October 2021. The next Cotton This Month will be released on 1 November 2021. 

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