Home / Knowledge / News / Textiles / World cotton consumption to increase 2% in 2013/14 – USDA
World cotton consumption to increase 2% in 2013/14 – USDA
20
Jul '13
The latest U.S. Department of Agriculture (USDA) projections indicate that world 2013/14 cotton consumption is forecast at 109.8 million bales, an increase of 2 percent (2.4 million bales) from a year ago. India and Pakistan are expected to consume 23.3 million bales and 11.7 million bales in 2013/14, up 3 percent and 6 percent, respectively, from the preceding year.

India’s 2012/13 mill use estimate was reduced by 250,000 bales from the previous month’s estimate, while Pakistan’s 2012/13 and 2013/14 mill use estimates were reduced 500,000 bales and 300,000 bales, respectively, from the previous month. India and Pakistan account for 60 percent of the expected increase in world 2013/14 cotton mill use.

China—the world’s top cotton consumer—is forecast to use 36.0 million bales in 2013/14, unchanged from the previous year. China’s national reserve procurement policy has raised prices to domestic mills, reducing spinners’ profit margins and forcing the industry to source more cotton yarn from other Asian countries such as India, Pakistan, and Vietnam.

In addition, the IMF’s July 2013 World Economic Outlook has revised China’s 2013 and 2014 economic growth downward to 7.8 percent and 7.7 percent, respectively, from the April 2013 forecast, a development that does not augur well for domestic demand for cotton in China. Figure 4 shows the recent consumption shares for the leading cotton-consuming countries.

World 2013/14 ending stocks are forecast at a record 94.3 million bales, up 10 percent from a year ago, as world cotton production outpaces consumption for the fourth consecutive year. China’s 2013/14 ending stocks are forecast at nearly 60.0 million bales, up 18 percent from a year ago and accounting for 63 percent of global ending stocks.

Australia and Brazil’s 2013/14 ending stocks are forecast at 2.7 million bales and 6.0 million bales, up 19 percent and 8 percent, respectively, from the previous year. Ending stocks in India and Pakistan are forecast at 8.4 million bales and 3.0 million bales in 2013/14, an increase of 8 percent and 6 percent, respectively, from the preceding year.

In the July WASDE, India’s 2013/14 ending stocks were increased by nearly 1.2 million bales from the previous month’s estimate. Ending stocks in the United States are forecast at 2.9 million bales in 2013/14, down 26 percent from the previous year. Despite the larger stocks overall, world stocks relative to consumption outside of the China reserve will continue to be tight, supporting market prices. USDA’s July projections assume continuation of the currently-announced China policies regulating the acquisition and release of cotton from the national reserve.

USDA


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Mark Paterson
Technical Absorbents Ltd

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sonam & Paras Modi
SVA

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

Judy Frater
Somaiya Kala Vidya

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

Pranav Mishra
Huemn

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

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

August 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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

Yes No

Active Poll

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

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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

Yes No

Active Poll

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

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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

Active Poll

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

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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