Home / Knowledge / News / Textiles / Cotton production projected to fall in 2008-09
Cotton production projected to fall in 2008-09
09
Sep '08
The International Cotton Advisory Committee has recently released figures on global cotton stocks, production and consumption. At the beginning of the new cotton year 2008/09 (which starts from August and ends in July), total cotton stocks stood at 12.17 million tons compared to 12.40 million tons in of the beginning of last cotton year 2007/08.

Production for the cotton year 2007/08 is estimated at 26.24 million tons and projection of cotton year 2008/09 at 24.73 million tons. Consumption in the same comparable period stands at 26.56 million tons and 26.25 million tons respectively.

World cotton mill consumption is expected to decline by 1% in 2008/09 to 26.2 million tons, due to slower global economic growth and higher prices of cotton relative to polyester.

World cotton mill utilization increased continuously between 1998/99 and 2006/07, rising by 8 million tons, but was stable in 2007/08 at 26.6 million tons and is projected to go down in 2008/09.

Cotton mill consumption is expected to decrease in 2008/09 in Turkey, the United States, Brazil, the European Union, Mexico, Thailand, Russia, China (Taiwan), and the Republic of Korea.

However, cotton mill utilization is expected to continue to increase, more slowly, in China (Mainland), Bangladesh, Indonesia and Vietnam. The share of Asia in world cotton mill use is expected to rise from 76% in 2007/08 to 77% in 2008/09.

Global cotton stocks are seeing an increase in their levels with each passing year. Cotton stocks which stood at 8.78 million tons in the beginning of cotton year 2004/05 grew considerably to 11.73 million tons in 2005/06 and further increased to 12.33 million tons in 2006/07.

Cotton stocks for 2007/08 are estimated to grow marginally to 12.40 million tons and are envisaged to reduce to 12.17 million tons and a drastic 10.66 million tons in the cotton years 2008/09 and 2009/10 respectively.

Global cotton production is seeing a reducing trend in the last few years. From a high of 27.02 million tons in the cotton year 2004/05, it dipped to 25.53 million tons in 2005/06 to rise to 26.63 million tons in 2006/07.

In the cotton year 2007/08, production of cotton was able to maintain stability and is expected to hit 26.24 million tons. But on the other hand, projection made for 2008/09 show a dip and is expected to reach only 24.73 million tons but is anticipated to grow again in 2009/10 to 25.91 million tons.

China is expected to become the largest producer in cotton year 2007/08 with an estimated production of 8.08 million tons. India follows at second place with 5.36 million tons. USA with 4.18 million tons, Pakistan 1.85 million tons, Brazil 1.56 million tons, Uzbekistan 1.21 million tons and other countries with 4.02 million tons make up for rest of cotton production across the world.

The main point worthy of note is that cotton production of India has grown at a very brisk pace. It was only 4.13 million tons in cotton year 2004/05, but is expected to touch 5.36 million tons in 2007/08 for a growth of a remarkable 29.53 percent in a period of just three years.


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Nitesh Mittal

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

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

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

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

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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