Home / Knowledge / News / Textiles / Global cotton area to fall 8% by 2012-13 - ICAC
Global cotton area to fall 8% by 2012-13 - ICAC
02
Dec '11
After jumping to record highs in 2010/11, cotton prices dropped sharply in the current season, reducing farmers' incomes and decreasing for the first time in three years the attractiveness of this crop when compared to that of its main alternatives.

As a result, the Secretariat projects global cotton area to contract in 2012/13 by 8% to 33.3 million hectares and production to decrease by 6% to 25.1 million tons. Cotton production is expected to decline in most large producing countries, with the exceptions of the United States, Uzbekistan, and Australia.

Following two seasons at depressed levels, global cotton mill use is forecast to start growing again in 2012/13.This expectation is highly dependent on the assumption of a recovery in global economic growth that would stimulate purchases of textile products and consumption of raw fibers. The Secretariat forecasts global cotton mill use to rise by 3% in 2012/13 to 25.0 million tons, driven by Asia.

Rising mill use and lower cotton prices could fuel a rebound in world cotton trade in 2012/13. Imports and exports are expected to jump by 9% to 8.4 million tons. As global production and consumption are expected to roughly balance in 2012/13, global cotton stocks are forecast to increase only slightly, to 11.6 million tons.

The International Cotton Advisory committee (ICAC) is an association of governments of cotton producing,consuming and trading countries. The Committee was formed in 1939,and the Secretariat was established in 1946. The annual budget is US$1.8 million,of which about 85% come from government assessments and 15% from the sale of subscriptions and participant fees at meetings and seminars.

International Cotton Advisory Committee (ICAC)


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search