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2014/15 US cotton output forecast up 36% from last season

19 Aug '14
4 min read


The stocks-to-use ratio is also rising to 39 percent, the highest since 2007/08 when the ratio equaled 55 percent. As of August, the 2014/15 upland farm price is forecast to range between 58 and 72 cents per pound. The midpoint of 65 cents per pound is 12.5 cents below the 2013/14 estimate of 77.5 cents per pound.

USDA informs that, cotton products continue to account for most of U.S. textile and apparel trade, although manmade fiber share has increased in recent years due to fiber substitution. During the first half of 2014, U.S. cotton products imports reached 4.0 billion pounds, nearly identical to that of the first six months of 2013.

Cotton product exports were also similar for the first half of both years, approaching 900 million pounds each. As a result, the cotton product deficit for the first six months of 2014 and 2013 equaled 3.1 billion pounds, up slightly from the comparable period in 2012.

In case of cotton product imports, the top five suppliers accounted for nearly 63 percent of the total during January-June 2014, equal to a year earlier. Among leading suppliers, import volume grew only from India and Vietnam during the first six months of 2014, when compared with a year earlier.

The share of total imports increased, however, for India, Pakistan, and Vietnam, while declining slightly for China and Bangladesh. China accounts for 30 percent of U.S. cotton textile and apparel imports, with India contributing an additional 10 percent.

Fibre2fashion News Desk - India

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