Home / Knowledge / News / Textiles / Fall in cotton trade in 2008/09 - ICAC
Fall in cotton trade in 2008/09 - ICAC
Feb '09
World cotton trade is expected to drop by 21% to 6.6 million tons in 2008/09. Cotton imports are affected by lower demand from consuming countries and lower production in exporting countries. China (Mainland), the largest cotton importer, is expected to receive 1.5 million tons this season, 41% less than in 2007/08.

India and Uzbekistan, the second and third largest exporters, are expected to ship around 40% less cotton this season than last. However, the largest exporter will be relatively less affected by the drop in demand: the United States is expected to ship 2.6 million tons in 2008/09, or 12% less than last season, despite a sharp drop in production.

The ICAC Price Model 2007 is forecasting a 16% decline in the season-average Cotlook A Index in 2008/09, to 61 cents per pound, with a 95% confidence interval between 56 and 66 cents per pound.

World cotton area is projected to continue to decline in 2009/10. Declining cotton returns, more attractive prices for competing crops, and expected difficulties to finance production inputs are encouraging farmers to continue switching to alternative crops. World cotton production is expected to decrease by 1% to 23.4 million tons in 2009/10.

International Cotton Advisory Committee

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Johan Berlin
InvestKonsult Sweden AB

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

Mohammad Hassan
Biax Fiberfilm

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

Eamonn Tighe
Nature Works LLC

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

Prathyusha Garimella
Prathyusha Garimella

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search