DNFI : Less global natural fiber production

Less global natural fiber production

(Source: imago)
(Source: imago)

Cotton futures have been inverted for nearly 3 years because of supply chain disruptions that prevented normal on-time deliveries of international shipments. World cotton production is estimated at 24.2 million tons in 2022/23 (August to July), 700,000 tons lower than in 2021/22 (Source: ICAC.org). World cotton production rose from 20 to 25 million tons between 2020/21 and 2005/06.
Based on latest figures from the Discover Natural Fibres Initiative (DNFI), world natural fiber production in 2022 is estimated as of early January at 32 million tons, approx. 1 million below production in 2021.
World production of jute is forecast down nearly 400,000 tons in 2022 because of inadequate rainfall during the harvest period to permit proper retting. Production in India is estimated up by 100,000 tons to 1.7 million tons, but production in Bangladesh fell by nearly one-third to just 1 million tons.
Production of coir, flax and sisal in 2022 are each estimated based on recent trends. Coir and flax have each been trending upward over the past decade, while world sisal production has been largely stable.
World wool production is forecast up 5% in 2022 to 1.09 million tons (clean), the highest since 2018. The Australian Wool Production Forecasting Committee issued its 3rd estimate of 2022/23 production in December 2022, keeping the estimate unchanged from September. Above-average rainfall in Australia, and across most of the Southern Hemisphere, is resulting in better pasture conditions and a rebuilding of sheep numbers. Sheep numbers shorn in Australia are climbing from 67 million in 2020/21 to 72 million in 2021/22 and to an estimated 75 million in 2022/23.

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