During August 2013, the Cotlook A Index averaged approximately 93 cents per pound, while polyester in China averaged approximately 76 cents per pound. This is a substantial difference in a high volume, low-margin business like yarn spinning and thus, cotton is expected to continue to lose market share this season.
Despite the loss of market share, world cotton consumption is rising in absolute terms and is estimated at 23.7 million tons in 2013/14. Falling mill use of cotton in China due to its cotton procurement policy is encouraging a significant shift in mill use to other countries.
World cotton production, forecast at 25.6 million tons in 2013/14 would be down 3.5% from last season. The United States will likely account for most of the decline in world production, with U.S. production falling 900,000 tons, or 25%. Production in China and Uzbekistan are projected to remain unchanged in 2013/14.
World trade in cotton is forecast to decline by approximately a million tons to less than 9 million. This decline is almost entirely accounted for by reduced imports into China. Shipments from all major exporters are expected to fall, except from the CFA zone where producers are increasing production in 2013/14, and thus exports, in response to higher cotton prices.
The forecast for the season average Cotlook A Index in 2013/14 ranges from 85 to 126 cents per pound, with a midpoint of 103 cents per pound while world ending stocks are forecast to climb to 19 million tons by July 2014.
Estimates of mill use in India and Pakistan during 2011/12, 2012/13, and 2013/14 have been lowered, resulting in higher estimates of world ending stocks and a reduction in the forecast of the Cotlook A Index.
International Cotton Advisory Committee (ICAC)
Apparel/Garments | On 28th May 2017
Over 45 per cent retailers in the US plan to utilise artificial...
Textiles | On 27th May 2017
The Fabric of Change initiative of Ashoka and the C&A Foundation is...
Marazban F Velati
Sutlej Textiles & Industries limited
No training can be effective till the candidate believes in it.
Textrade International Ltd
We believe in vocational education for entry-level employees, offering...
‘As a brand, Puma is always looking for new and innovative ways to inspire ...
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Coating at a fibre level is a practice not usually seen in the...
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...