Global consumption of cotton is likely to rise 4 per cent to reach an all-time high of 27.5 mn tonne in 2018-19, according to International Cotton Advisory Committee (ICAC). As a result, global reserves are set to drop by 1.6 mn tonne to end the 2018-19 seasons at 17.7 mn tonne, ICAC said in its August 2018 edition of ‘Cotton This Month’. Stocks in China are projected to decrease for the fifth consecutive year to 7.5 mn tonne, while stocks outside are expected to remain stable at 10.1 mn tonne, ICAC projection said.