Home / Knowledge / News / Textiles / Domestic mill use unchanged
Domestic mill use unchanged
17
Sep '08
The 2008/09 U.S. cotton forecasts include lower supplies and offtake compared with last month, resulting in slightly higher ending stocks. Beginning stocks are reduced due to revisions in the 2007/08 balance sheet. Production for 2008/09 is raised marginally based on conditions as of September 1.

Domestic mill use is unchanged. Exports are reduced 500,000 bales to 14.5 million due to lower world import demand. Ending stocks are forecast at 4.9 million bales, up 300,000 bales from last month, and equivalent to 26 percent of total use. The forecast range for the marketing year average farm price of 57 to 69 cents per pound is lowered 3 cents on each end of the range, based on weaker current prices and demand prospects.

With global production unchanged, this month's 2008/09 world forecasts show lower consumption and trade, resulting in higher ending stocks. Production changes by country include higher production in India offset by lower production in Pakistan and Sudan.

Consumption is reduced in a number of countries, notably China, India, Pakistan, and Turkey, reflecting deteriorating world economic conditions and their impact on textile demand. Accordingly, world stocks are raised 1.3 million bales to 52.3 million.

For 2007/08, U.S. exports are lowered based on the final estimate from USDA's U.S. Export Sales report. Ending stocks are reduced based on a preliminary survey of 2007/08 end-of-season stocks by the U.S. Census Bureau.

The world estimates for 2007/08 include a number of revisions, including an increase of 1.2 million bales in China's production and ending stocks, based on revised estimates by sources in China.

Cotton Council International

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

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

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

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


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



X