Cotton Consumption To Rise In 2020-21

Market News

Cotton Consumption To Rise In 2020-21

During the beginning of last year, the mill consumption of cotton dropped by 15% in 2019-20 from 120 million bales (480 lb bale) to 102 million bales. In 2020-21, the cotton consumption is expected to reach 114 million bales, up 13% over the previous year. “The cotton textiles supply chain in India has shown resilience, as the cotton consumption in the country in 2021 is expected to reach 24 million bales which is at par with pre-Covid consumption levels. Even China, the largest cotton consumer, is expected to increase its mill consumption from 33 million bales in 2020 to 38 million bales in 2021,” said Bruce Atherley, Executive Director, Cotton Council International (CCI), US. Cotton will get more sustainable According to CCI, efforts to make cotton more sustainable will intensify globally. “US cotton producers have made important strides in this direction. Today, US cotton production uses less water per bale, has lower greenhouse gas emissions and energy consumption, all while reducing land use per bale. Minimal tillage, GPS and sensor-driven precision agriculture and the growing of winter cover crops are the practices adopted for improved soil health, reducing loss and erosion and increasing soil carbon levels. The 16,000 cotton farms in the US have been committed to continuous improvement for decades,” informed Atherley.