The USDA said India cotton consumption significantly undervalued - Textile information - Textile net - Textile integrated service provider

The United States department of agriculture forecast in December, according to India's 2017/18 final inventory from slashing, packet drop from 13. 2 million to 11. 7 million bales. Scale down part of the reason is the Indian cotton production to reduce 500000 packages, but mostly is the beginning inventory and changes in consumption. Recently, the Indian official in India since 2015/16 cotton consumption data revised, before the actual data is higher than the USDA forecast, adjustment applied concentrated in the factory. For a long time, many market participants believe that India's tight supply and demand than the USDA forecast, but the USDA is always uncertain balance of which one is wrong. Advisory committee to revise the Indian cotton consumption data, Indian cotton stocks fell sharply to widely expected levels. After the adjustment, 2015/16 to 2017/18 for three years, India's cotton consumption increased by 1. 2 million in total package, this bring significant change to India inventory consumption than, 2017/18 of the annual inventory consumption ratio decreased from 45% to 40%. This also brings to the global balance of important influence, while India account for half the fall in the global final inventory, other less from Pakistan, Domestic production cuts) And the Australian cotton and Brazil cotton and cotton export increase. Overall, 2017/18 global initial inventory and production decline, Mainly from South Asia) Lead to ending stocks plunged outside China.