Home / Knowledge / News / Textiles / Low cotton consumption to impact production in new season
Low cotton consumption to impact production in new season
11
Apr '09
Cotton markets witnessed violent fluctuations during 2008, with its prices at both extremes; reaching its peak, as well as tumbling down to decline up to 40%. Declining textile productions in countries like India, China, and Pakistan is causing drastic effects in the cotton yarn prices. Decline in the sales of the consumers from the western countries is also causing concern.

Due to the economic slowdown, demand for cotton continues to nosedive leading to the world's largest cotton producing countries like China and India restricting their land area that they devote to cotton cultivation. Weak prices in the global global market are highlighting the lack of price support from fundamentals. Cotton outlook anticipates a fundamental tightening in 2009/10.

China is the world's largest consumer of cotton. Decline in the cotton production of China is expected to be around 8%, and its consumption is expected to fall by 6%. Many textile mills in China have opted for shutdowns, and layoffs; unable to ride the tide of recession.

Economists, still positively anticipate a change in the economic state, following a boom in the coming months.

Click here to read the complete article.

Fibre2fashion News Desk - India


Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> 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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search