Home / Knowledge / News / Textiles / World ending cotton stocks double in four seasons – ICAC
World ending cotton stocks double in four seasons – ICAC
Aug '13
2013/14 world production is forecast at 25.6 million tons, while consumption is forecast at 24 million tons.

World trade is forecast at 9 million tons, and world ending stocks are forecast at a record 19.8 million tons, or an eye-popping 83% of projected mill use. World production will have exceeded consumption by a cumulative 11 million tons between 2010/11 and the end of 2013/14, resulting in a doubling of world ending stocks in four seasons.

Based on China’s 2012/13 cotton estimates, consumption at 8.3 million tons, ending stocks at 9.4 million tons, of which 7.8 million tons are in the national reserve, total stocks cover more than one year of use, but the stocks held in the private sector are equivalent to a little more than two months of use.

As the Chinese government had announced that the program of purchasing cotton from farmers for the national reserve at 20,400 yuan per ton will continue for the 2013/14 season, its national reserve is expected to rise to approximately 15 million tons by March 2014, and then auctions will reduce the reserve to about 12 million tons one year from now.

Accordingly, of the estimated world ending stocks of about 20 million tons expected in 2013/14, only 8 million will be available for commercial use, and only 6 million will be held outside China. Based on an expected tightening of stocks outside China relative to use outside China, a rise in the season average Cotlook A Index from 88 cents per pound in 2012/13 to more than one dollar in 2013/14 is forecast.

Production in China in 2013/14 is forecast unchanged from last season, while production in India may rise a few hundred thousand tons because of a good monsoon season. Production in the United States is falling because of dry weather in some states and high prices of maize and soybeans.

Pakistan, Brazil, Uzbekistan and most other countries are expected to produce about as much cotton in 2013/14 as they did in 2012/13.

World mill use is estimated at just 24 million in 2013/14. As of August 2013, polyester prices in China remain more than 20 cents per pound below the Cotlook A Index, undermining cotton’s competitiveness in fiber markets. The largest decline in mill use will be in China itself, nearly 3 million tons, since 2007/08, while mill use in the rest of the world is expected to increase by 200,000 tons.

The direction of the world cotton industry over the next few years will be determined by policy decisions by the Government of China.

International Cotton Advisory Committee

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Information Technology | On 26th Oct 2016

EFI & Konica Minolta to sell cloud-based MIS solutions

Electronics For Imaging, Inc. (EFI), a global technology company...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

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

Yash P. Kotak
Bombay Hemp Company

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search