SunSirs: Ministry of Agriculture and Rural Affairs: Analysis of Cotton Supply and Demand Situation in May 2023
May 16 2023 10:48:44This month, it is predicted that the cotton planting area in China will be 28.72 million mu in 2023/24, a decrease of 1.28 million mu compared to the previous year. This is mainly due to the continued optimization of planting structure in Xinjiang and the acceleration of the exit of secondary cotton areas; The weather during the cotton planting period is more favorable than usual, with a yield increase of 1% to 2012 kilograms per hectare; The cotton production was 5.78 million tons, a decrease of 200000 tons compared to the previous year; The import was 1.85 million tons, consistent with the previous year; The recovery of economic growth has driven cotton demand, with cotton consumption reaching 7.72 million tons, an increase of 2.9% compared to the previous year.
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