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

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

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

Tony Ward
Tony Ward

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search