Global cotton mill use sees second year of decline
With recent high cotton prices that encouraged fiber substitution and the global economic uncertainty facing consumers, world mill use is projected to decrease to its lowest level since 2003/04. World cotton consumption in 2011/12 is forecast at 107.7 million bales, 6 percent below last season. Consumption is lower in most major cotton consuming countries this season with the notable exception of Pakistan, where cotton mill use is expected to rise 3 percent. Foreign consumption is projected to decline 6.3 million bales in 2011/12, with China accounting for more than half of the decrease. Despite the reduction, China still accounts for nearly 40 percent of the global cotton mill use in 2011/12. The U.S. is expected to contribute 3 percent of the total in 2011/12, compared with 6 percent as recently as 2004/05. The U.S. is expected to contribute 3 percent of the total in 2011/12, compared with 6 percent as recently as 2004/05. This chart is found in the April 2012 Cotton and Wool Outlook, CWS-12b.
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