Global yarn production rose by 30 per cent in the first quarter of 2017, up 1.9 per cent from a year earlier, according to data from the ITMF. The increase in global yarn production in the first quarter was mainly due to a 31.8 per cent increase in cotton production in Asia, up 2.1 per cent from a year earlier. At the same time, north American cotton production increased by 13%, a 4% decrease from the previous year. South American cotton production rose 3.5%, a 0.6% increase from a year earlier. Cotton output in the eu edged down 1.2 per cent, up 1.6 per cent year on year.

　　In the first quarter of 2017, global textile production fell 15 per cent compared with the previous quarter, with Asia by 17 per cent. Compared with the same period last year, global textile production increased by 1.9 per cent compared with the same period last year, with output in Asia and South America rising 2.6 per cent and 2.2 per cent year-on-year, while Europe's production was down 8.7 per cent year on year.
In stock, global yarn inventories continued to decline in the first quarter of 2017. In the first quarter, global yarn stocks were down 6.6% from the previous quarter, down 1.9% from a year earlier. In Asia, yarn stocks declined 6.3%, up 2.8% from a year earlier. South American yarn stocks are down 10%, down 41% from a year earlier. European yarn stocks, down 9.5% from a year earlier.

　　Global textile inventories fell 7.8 per cent in the first quarter of 2017 compared with the previous quarter, mainly because inventories in South America fell by 34.7 per cent, north American inventories by 0.8 per cent and Asian inventories by 0.6 per cent. Compared to the same period last year, the global cotton cloth inventory down 12% year on year, Asian stock rose 0.9%, cotton cotton cloth inventory down 45% year on year, in South America North America cotton inventory flat compared with last year, European cotton inventories rose 4.7% year-on-year.