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Global 2015/16 cotton output to decline 6%: USDA

18 Jun '15
4 min read


The recent downward trend is the result of China’s raw cotton import demand, which is projected to decline for the fourth consecutive season in 2015/16.

According to USDA, China is expected to import only 6 million bales in 2015/16, compared with an estimated 8 million bales in 2014/15, due to an expected decline in import quotas.

Offsetting a portion of China’s decline are increases for a number of countries, including Vietnam, Turkey, and Indonesia.

Meanwhile, exports in 2014/15 are expected to decrease mainly from the Southern Hemisphere, most notably Brazil and Australia.

Exports from these two countries have been forecast at 3.6 million bales and 2 million bales, respectively, in 2015/16.

Global ending stocks have been forecast at 106.1 million bales by the end of 2015/16, nearly 4 million bales below 2014/15.

While stocks are expected to decline for the first time in six years from last season’s record, they remain more than double the level from 2010/11.

“Despite a rise in cotton consumption, the world stocks-to-use ratio is estimated to decrease only slightly to 92 per cent,” USDA observed. (AR)

Fibre2fashion News Desk - India

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