Home / Knowledge / News / Textiles / World cotton trade projected to dip 10% in 2014/15 - USDA
World cotton trade projected to dip 10% in 2014/15 - USDA
27
May '14
World cotton trade in 2014/15 is forecast to reach only 36.3 million bales, 10 percent below the previous season and the lowest since 2010/11. While imports by China have supported cotton trade over the last several seasons, expectations for lower China import demand are reducing trade in 2014/15. 
 
The initial forecast represents the second consecutive decrease in global trade as most major exporters anticipate reduced shipments in 2014/15. Exports by the United States, the world’s leading exporter, are forecast to decline 7 percent to 9.7 million bales, the lowest since 2000/01. Exports from India and Australia are forecast to decline considerably from a year earlier as exportable supplies there appear limited. 
 
India is projected to export 5.7 million bales in 2014/15, down 35 percent from 2013/14.In Australia, exports are projected at 3.2 million bales, down 30 percent from a year earlier and the lowest since 2010/11. Brazil’s exports are forecast to rebound to 3.5 million bales with increased supplies. Uzbekistan’s exports are projected to remain flat in 2014/15 at 2.7 million bales. 
 
Global imports in 2014/15 are driven once again by China, where cotton imports are forecast to fall by one-third to 8.5 million bales, as the Government is likely to restrict imports in favor of consumption of domestic cotton. Imports by China are expected to decline for the third consecutive season after reaching a record 24.5 million bales in 2011/12. Smaller import declines are also expected for Turkey, Vietnam, Malaysia, and others in 2014/15. Offsetting these declines, however, are increases in Pakistan, India, and Bangladesh. 
 
With global cotton production forecast to exceed consumption for the fifth consecutive season in 2014/15, world ending stocks are estimated to rise to a new record, reaching 101.7 million bales by July 31, 2015. China will continue to hold the bulk of these stocks, as ending stocks there are projected to reach 60.5 million bales by the end of 2014/15; however, China’s share of total world stocks is expected to decline slightly. 
 
World stocks outside of China are expected to rise by about 3 million bales. China would hold nearly 60 percent of global cotton stocks, slightly below the estimate for 2013/14. Stocks in India, the next largest stock holder, are also expected to rise to 10.7 million bales, or nearly 11 percent of the global total. The global stocks-to-use ratio is projected at 91 percent, up from 90 percent in 2013/14 and more than double the 2010/11 level.
 

USDA


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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