Home / Knowledge / News / Textiles / Updates on global cotton trade contract for 2012/13
Updates on global cotton trade contract for 2012/13
16
May '12
World 2012/13 cotton trade is forecast to decline 10 percent to 37.6 million bales as a result of lower import demand by China and lower exportable supplies as production contracts.

Brazil, poised to overtake India as the world's second largest cotton exporter in 2012/13, is forecast to export 4.4 million bales, down 2 percent from the record exports a year earlier. India is forecast to export 4.2 million bales in 2012/13, down 56 percent from the previous year, due to a combination of lower production and higher domestic consumption.

Also, while the government of India has changed its cotton export policy several times in recent months, it has tended toward export restrictions. Australia's 2012/13 exports are forecast at a record 4.3 million bales, a 10-percent increase from a year earlier.

The United States, the world's leading cotton exporter, is forecast to export 12.0 million bales in 2012/13, up 5 percent from a year earlier. Uzbekistan's exports are forecast to grow 4 percent from a year ago to 2.6 million bales in 2012/13. The African Franc Zone is forecast to export 2.6 million bales in 2012/13, an increase of 20 percent from the preceding year.

Although imports are forecast to grow in several countries, contraction in China is expected to more than offset those increases elsewhere and result in an overall decline in global 2012/13 imports.

China's 2012/13 imports are forecast at 14.0 million bales, a 35-percent decrease from the preceding year, as a result of lower projected consumption and availability of supplies from China's reserve stocks accumulated in 2011/12.

Bangladesh and Indonesia are forecast to import 3.6 million bales and 2.1 million bales in 2012/13, an increase of 14 percent in Bangladesh and 6 percent in Indonesia. Pakistan's 2012/13 imports are forecast at 2.2 million bales, more than twice the previous year's imports.

South Korea and Turkey are forecast to import 1.2 million bales and 3.0 million bales, a 2-percent decrease from a year ago in South Korea, and a 30-percent increase from the previous year in Turkey.

U.S. Department of Agriculture (USDA)

Must ReadView All

Courtesy: Alibaba

Apparel/Garments | On 21st Feb 2017

Alibaba announces retail partnership with Bailian Group

Chinese e-commerce giant Alibaba Group has made another move in its...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Apparel/Garments | On 21st Feb 2017

Govt may free up retail FDI for domestic goods

Government may remove restrictions on retailers like Walmart and...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search