摘要
Although cotton production is projected to increase by 5 percent in2021, it is unlikely to return to 2019-level.Demand on the other hand, isexpected to outpace supply leading to a rise in global cotton prices.As per aWorld Bank report, the global average price of raw cotton will rise to USD1.72per kg in 2021.Favorable weather, increase in area to boost cultivationThe main factors driving up prices rise is increasing demand fromglobal markets, says Indexbox's new report World Cotton Lint-MarketAnalysis Forecast, Size,Trends and lnsights': It states, favorable weatherconditions and increase in area under cotton cultivation will boost yields inthe U.S. by 523 tons, in Brazil by 436 tons,Australia 239 tons and Pakistan174 tons during theyear.
