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2015/16 world cotton output to be 100.2mn bales: USDA
17 Mar '16
4 min read
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For Brazil and Australia, 2015/16 exports are projected at 4.2 million bales and nearly 2.8 million bales, respectively, compared with 3.9 million bales and 2.4 million bales, respectively, in 2014/15.
World cotton consumption in 2015/16 is projected at 109.2 million bales, about 400,000 bales below last month's forecast and 1.1 million bales below 2014/15.
China continues as the world's leading spinner, accounting for an estimated 29 per cent of the global mill use of cotton.
In 2015/16, China is expected to use 32 million bales of raw cotton, 1 million bales below the previous season and the lowest since a similar amount was used in 2003/04.
However, cotton yarn imports by China have supplemented much of the domestic spinning declines; in 2015/16.
China could import about 10 million bale-equivalents of raw fibre in the form of cotton yarn, triple the level imported five years ago.
Cotton mill use in India is forecast to remain stable in 2015/16 at 24.5 million bales, after three consecutive annual increases.
India's expansion has been supported by growth in cotton yarn exports to China, where India is the leading supplier.
Cotton mill use in Pakistan is forecast at 9.6 million bales in 2015/16, 1 million bales below last season as the significantly reduced crop there has limited supplies.
Cotton consumption in Turkey is expected to remain flat at 6.4 million bales, while mill use in Bangladesh and Vietnam are forecast to continue their expansion that began several years ago.
In Bangladesh, cotton mill use is projected near 5.9 million bales in 2015/16, more than 2 million bales above 2011/12.
In 2015/16, cotton mill use in Vietnam is forecast at 5.1 million bales, nearly 3.5 million bales higher than four years ago. (AR)
For Brazil and Australia, 2015/16 exports are projected at 4.2 million bales and nearly 2.8 million bales, respectively, compared with 3.9 million bales and 2.4 million bales, respectively, in 2014/15.
World cotton consumption in 2015/16 is projected at 109.2 million bales, about 400,000 bales below last month's forecast and 1.1 million bales below 2014/15.
China continues as the world's leading spinner, accounting for an estimated 29 per cent of the global mill use of cotton.
In 2015/16, China is expected to use 32 million bales of raw cotton, 1 million bales below the previous season and the lowest since a similar amount was used in 2003/04.
However, cotton yarn imports by China have supplemented much of the domestic spinning declines; in 2015/16.
China could import about 10 million bale-equivalents of raw fibre in the form of cotton yarn, triple the level imported five years ago.
Cotton mill use in India is forecast to remain stable in 2015/16 at 24.5 million bales, after three consecutive annual increases.
India's expansion has been supported by growth in cotton yarn exports to China, where India is the leading supplier.
Cotton mill use in Pakistan is forecast at 9.6 million bales in 2015/16, 1 million bales below last season as the significantly reduced crop there has limited supplies.
Cotton consumption in Turkey is expected to remain flat at 6.4 million bales, while mill use in Bangladesh and Vietnam are forecast to continue their expansion that began several years ago.
In Bangladesh, cotton mill use is projected near 5.9 million bales in 2015/16, more than 2 million bales above 2011/12.
In 2015/16, cotton mill use in Vietnam is forecast at 5.1 million bales, nearly 3.5 million bales higher than four years ago. (AR)
Fibre2Fashion News Desk – India
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