Home / Knowledge / News / Textiles / ICAC forecasts further drop in 2013-14 cotton acreage
ICAC forecasts further drop in 2013-14 cotton acreage
02
May '13
An estimated 34.1 million hectares of cotton are being harvested in 2012/13, 5% below the previous season; another 5% drop to 32.2 million hectares is forecast in 2013/14. Accordingly, global cotton production is estimated down 5% from 27.8 million tons to 26.3 million tons this season, and world production is forecast to drop another 6% to 24.6 million tons during 2013/14.

From 2012/13 to 2013/14, cotton production in China and the United States is each forecast to fall by 700,000 tons to 6.7 million tons and 3 million tons respectively, and production in India is forecast to decline by 170,000 tons to 5.7 million tons as farmers continue to switch out cotton for more profitable alternatives. China’s production decline is also attributed to labor shortages as farm workers migrate to cities searching for urban employment.

Global cotton mill use is rising an estimated 7% from 22.1 million tons last season to 23.7 million tons in 2012/13, and mill use is projected to rise another 2% to 24.3 million tons in 2013/14. Mill use in China is falling to an estimated 8.3 million tons in 2012/13 as the national cotton policy remains unclear, and another drop of 300,000 tons to 8.0 million tons in 2013/14 is expected, the lowest in 10 years.

Imports by China are estimated at 3.7 million tons in 2012/13 and 3 million tons in 2013/14. Because of the Chinese national cotton reserve policy, a seismic shift in the location of world cotton use is underway. Decreased mill use in China will be partially offset by increases in India, Bangladesh, Turkey and Pakistan.

World cotton stocks are forecast to rise to 18 million tons by July 2014, which will represent approximately 9 months of world mill use. However, the ending stocks-to-use ratio in the world minus the Chinese reserve will drop to 37% in 2012/13 and to an estimated 30% in 2013/14, posing a potential challenge to the global supply of cotton next season. Assuming the Chinese government adheres to the current reserve policy, the Cotlook A Index is projected to average 88 cents and 122 cents per pound in 2012/13 and 2013/14.

International Cotton Advisory Committee


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Amardeep Singh
Orient Craft

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

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

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...

Ashok Desai
Bombay Textile Research Association

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

Sonam & Paras Modi
SVA

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

Aditi Somani
Aditi Somani

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

Wendell Rodricks
Wendell Rodricks

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X