Despite various challenges, particularly the Red Sea shipping crisis facing the global textile and garment sector, global cotton trade is up more than 10 percent over last season. This was revealed by International Cotton Advisory Committee (ICAC) in its February 2024 report. “Shipping problems
The International Cotton Advisory Committee (ICAC) has forecast that global cotton reserves in the 2023-24 season will be the highest ever projected in the 83-year history of ICAC data collection. With global production in 2023-24 projected to increase by 3 percent to 25.41 million tons and consumption projected to decrease by 0.43 percent to 23.35 […]
Worldwide cotton output could increase 40 percent year on year to 431,000 tons in the 2022-2023 season as against 308,000 tons in the previous season. The latest International Cotton Advisory Committee (ICAC) report projects that a rebound in global cotton production is expected in 2022-2023, after a decline of over 20 percent during 2021-22. The […]