Home / Knowledge / News / Textiles / Global cotton crop production to decline 6% from last year
Global cotton crop production to decline 6% from last year
16
Jun '12
World 2012/13 Cotton Crop Forecast Revised Downward

Global 2012/13 production is forecast to decline 6 percent from the preceding year to 115.3 million bales.  The revised forecast reflects a 1.4-million-bale reduction from the previous month due to expectations that Australia, Argentina, and Brazil will reduce area (and thus production) in response to the continuing decline in world cotton prices. 

Australia and Brazil are forecast to produce 4.25 million bales and 7.0 million bales in 2012/13, respectively, a decline of 10 percent and 23 percent from the previous year.  Area harvested in 2012/13 is expected to decline 18 percent to 475,000 hectares in Australia, while Brazil’s area is forecast to contract 23 percent to 1.1 million hectares.  

China and India are forecast to produce 30.5 million bales and 25.0 million bales, respectively, down 9 percent and 6 percent from the previous year.  Pakistan’s 2012/13 crop is forecast to decline 6 percent from a year earlier to 10 million bales. 

The United States is the only major producer where the 2012/13 crop (17 million bales) is expected to increase (9 percent) from the preceding year, the result of last season’s devastating drought.  Global harvested area is forecast at 33.7 million hectares, down 6 percent from the previous year, while yield is forecast at 746 kg/ha, similar to 2011/12. 

World 2012/13 Mill Use To Rebound; Ending Stocks to Reach a Record

Although world 2012/13 cotton consumption is revised downward by a million bales (1 percent) from the previous month, the forecast of 109 million bales represents an increase of nearly 3 percent from a year earlier.  China is forecast to consume 40 million bales in 2012/13, down 2 percent from the previous year. 

This would be the lowest mill use in 8 years, if realized.  The forecast contraction in consumption by China is expected to be more than offset by increased mill use in India, where 2012/13 cotton consumption is forecast at 21.3 million bales, up 6 percent from the preceding year.  

In Pakistan and Turkey, 2012/13 mill use is forecast at 11.0 million bales and 5.6 million bales, respectively, up 7 percent and 6 percent from the previous year.  Brazil is forecast to consume nearly 4.3 million bales, up 6 percent from the preceding year, while in the United States 2012/13 consumption is expected to rise 3 percent to 3.5 million bales.

Thailand is expected to consume nearly 1.6 million bales in 2012/13—a 22-percent increase from the preceding year, as mills there recover from the severe flood problems experienced in 2011/12.

Global 2012/13 ending stocks are forecast at a record 74.5 million bales, an increase of 11 percent from the previous year, as expected production outpaces forecast consumption.  Not surprisingly, the resulting increase in the stocks-to-use ratio to 68 percent is expected to weaken global cotton prices.  China’s 2012/13 ending stocks are forecast at 31.3 million bales, a 15-percent increase from the preceding year, leaving the world’s top cotton consumer to account for 42 percent of global ending stocks.

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

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...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
April 2017

April 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