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

Apparel/Garments | On 29th May 2017

Christopher & Banks Corporation Q1 2017 sales down 11.5%

The net sales of Christopher & Banks Corporation for the first...

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

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

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 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