According to the International Cotton Advisory Committee, the next season looks bright for cotton producers, with strong prices likely to persist until the 2021-22 season. Prices, on the other hand, are a double-edged sword. Increased farmer income is a desirable thing, and it may encourage them to expand global cotton acreage, but those expenses are frequently carried through the supply chain, making cotton less competitive versus alternative fibers. Prices are projected to fluctuate during the rest of the 2021-22 season, but they are unlikely to rise substantially higher than they are now. While mill usage is predicted to be strong in 2021-22, worldwide supplies are likely to be sufficient to fulfill demand. Global stockpiles are expected to reach 20.35 million tons by the conclusion of the 2020-21 season.
The ICAC is a group of cotton-producing, cotton-consuming, and cotton-trading countries that was founded in 1939. It serves as a catalyst for change by assisting member countries in maintaining a healthy global cotton economy, as well as providing transparency to the global cotton market by serving as a clearinghouse for technical information on cotton production and as a forum for discussing international cotton issues. Members can also benefit from the ICAC’s global network of cotton researchers.