According to the data released by the International Cotton Advisory Committee (ICAC) in June 2023, the global cotton inventory in early 2023/24 was 2 1.24 million tons, an increase of1.22 million tons from the previous month and 1.83 million tons from the same period last year. The output was 24.98 million tons, a decrease of 90,000 tons from the previous month and a year-on-year increase of 360,000 tons. The consumption was 233,654.38 million tons, an increase of 654.38 million tons from the previous month and a decrease of140,000 tons year-on-year.
The inventory at the end of the period was 22.92 million tons, a decrease of 60,000 tons from the previous month and an increase of 1.68 million tons year-on-year. The inventory consumption rate at the end of the period was 98.33%, down 0.68 percentage points from last month and up 7.75 percentage points year-on-year. According to the estimated domestic cotton output of 6.05 million tons (predicted by the national cotton market monitoring system in September 2023), as of June 7 10, a total of 754,000 tons of seed cotton were picked nationwide, a decrease of 2140,000 tons year-on-year.
supply-demand situation
A total of 24 1 10,000 tons of seed cotton folded lint was sold, a year-on-year decrease of 64,000 tons. A total of 76,000 tons of lint was processed, a year-on-year decrease of 6.5438+0.9 million tons. In August, 2023, China's spinning output was 6,543.8+0.872 million tons, a year-on-year decrease of 300,000 tons, with a decrease of 654.38+03.8%. From September 2022 to August 2023, China's cumulative spinning output was 24.528 million tons, a year-on-year decrease of 3.225 million tons, a decrease of 1 1.6%.
In August 2023, China imported cotton1750,000 tons, an increase of 68,000 tons or 62.9%. From September 2022 to August 2023, China imported cotton1424,500 tons, with a cumulative year-on-year decrease of 304,000 tons and a cumulative year-on-year decrease of 17.6%. From September, 2022 to August, 2023, the main countries of cotton import in China were the United States (50.3%), Brazil (30.7%) and Australia (8%).