Home / Knowledge / News / Textiles / Supply-demand imbalance lifts cotton prices – ICAC
Supply-demand imbalance lifts cotton prices – ICAC
02
Apr '13
In March 2013, the A Index rose to 98.85 cents per pound on the 18th before receding to 93.15 cents per pound on March 26. The recent surge in cotton prices may be due to concerns about a tightening supply-demand balance outside of China as China continues to build reserves.

The United States used to be the largest cotton exporter to China, and U.S. shipments increased from 50,000 tons in 2001/02 to 1.3 million tons in 2011/12. Last season, India overtook the United States, exporting 1.94 million tons of cotton to China. However, midway through this season, Australia has surpassed both India and the United States, exporting 578,000 tons of cotton into China. Compared to the same period last season, Brazilian and Uzbek exports to China remained stable at 284,500 tons, and 189,000 tons, respectively.

For the past five seasons, African countries contributed, on average, 10% of total exports to China. In 2011/12 Africa exported a total of 482,700 tons of cotton to China. The top three exporting countries were Burkina Faso, Cameroon, and Benin. During the first seven months of the current season, Mali, Zambia, and Zimbabwe has already exported a total of 125,000 tons of cotton to China.

Planting is starting in the northern hemisphere, a 2% reduction in planting area is expected while the average yield is forecast at 754 kg/ha, almost the same as in the previous season. The projected planted area of 30.8 million hectares (90% of the world total) is expected to produce 23.2 million tons of cotton (89% of the world total). This season US cotton production is expected to increase from 3.4 million tons to 3.7 million tons, China is expected to decrease cotton production slightly from 7.4 million tons to 7.3 million tons, and India is expected to decrease cotton production from 6 million tons to 5.6 million tons.

International Cotton Advisory Committee (ICAC)


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Ashok Desai
Bombay Textile Research Association

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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