Home / Knowledge / News / Textiles / ICAC pegs cotton ending stocks at 9.5mn tons outside China
ICAC pegs cotton ending stocks at 9.5mn tons outside China
03
Mar '15
Outside of China, cotton stocks at the end of 2014/15 season are expected to increase for the second consecutive season from 7.5 million tons to 9.5 million tons, which is the largest volume of stocks in the last 35 years, says the International Cotton Advisory Committee (ICAC) in its latest release.
 
World ending stocks are projected up 11 per cent to nearly 22 million tons, at the end of 2014/15. However, China’s ending stocks, after increasing substantially in each of the three previous seasons, are likely to remain stable reaching just over 12 million tons in 2014/15, and would account for 56 per cent of total world stocks.
 
In China, cotton production is estimated down 7 per cent to 6.4 million tons. This would be sufficient to meet 80 to 90 per cent of demand, particularly as China’s consumption has declined the last four seasons. This year China announced that it was limiting imports to the volume required under its WTO obligations.
 
Like China, cotton imports are expected to decrease by 13 per cent to 761,000 tons in 2014/15 in Turkey, the world’s third largest importer, due in part to an estimated 11 per cent increase in domestic cotton lint production to 847,000 tons. Cotton consumption is forecast to fall 4 per cent to 1.3 million tons is due to two reasons—mills equipped with old machinery are shut down and cotton’s market share further declining as a result of the price attractiveness of synthetic fibres.
 
The decline in China’s and Turkey’s imports will affect United States, the world’s largest exporter of cotton. However, demand for high quality machine-picked cotton will help to limit export losses. “In 2014/15, production in the United States is estimated at 3.5 million tons, up 25 per cent from 2013/14, and exports are forecast to increase modestly by 2 per cent to 2.3 million tons. As a result, ending stocks in the United States are likely to increase 58 per cent to just over 1 million tons,” ICAC said.
 
India, the second largest cotton exporter, is projected to experience a significant decrease in exports this season, as demand from China and Pakistan, two of its three largest buyers, has fallen. Despite a high volume of production estimated at 6.8 million tons, consumption is forecast to increase 4 per cent to 5.2 million tons while production remains stable, resulting in a smaller exportable surplus. Ending stocks in India are expected to increase 40 per cent to 2.4 million tons in 2014/15 after two seasons of contraction.
 
Despite a 4 per cent reduction in area this year and some losses from flooding, cotton production in Pakistan is estimated up 11 per cent at 2.3 million tons, given the 15 per cent increase in the average yield to 820 kg/ha. Imports by Pakistan are forecast to fall 9 per centto 367,000 tons as the current season’s crop will meet most of its need with imports mostly consisting of longer staple cotton that is not available from domestic producers. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

July 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

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

Yes No

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

Yes No

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


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



X