Home / Knowledge / News / Textiles / Slow recovery in cotton mill use in 2009/10
Slow recovery in cotton mill use in 2009/10
02
Sep '09
As the world economy gradually stabilizes and economic prospects for 2010 improve in most parts of the world, consumption of cotton products and spinning of cotton are expected to slowly recover. Global cotton mill use is forecast to grow by 2% in 2009/10 to 23.6 million tons. The small increase in global cotton spinning expected in 2009/10 will be driven by a rebound in Asia, in particular China (Mainland), India and Pakistan.

The share of Asia in world cotton mill use is forecast to increase from 76% to 77% in 2009/10.

World cotton production is expected to decrease slightly to 23.3 million tons in 2009/10. Increases in India, the United States, Pakistan and Australia are expected to be more than offset by declines in China (Mainland), Central Asia, Brazil, Turkey, and Mexico. The share of Asia in world cotton production is expected to reach almost two-thirds in 2009/10.

The expected increase in world cotton mill use should generate a small rebound in world cotton imports, to 6.8 million tons. A number of countries are expected to import more cotton in 2009/10, including China (Mainland), Bangladesh, Turkey and Pakistan. Exports from the United States are expected to decrease by 20% to 2.3 million tons, while exports from India could rebound strongly to 1.3 million tons.

Based on an expected slightly lower stocks-to-mill use ratio in the World-less-China (Mainland) in 2009/10, the ICAC Price Model 2007 forecasts a season-average Cotlook A Index of 63 U.S. cents/lb in 2009/10 (the 95% confidence interval is between 55 and 73 cents/lb). This would represent a 3% increase from the 2008/09 average.

The International Cotton Advisory Committee is an association of governments of cotton producing and consuming countries. The Secretariat of the Committee publishes information related to world cotton production, supply, demand and prices, and provides technical information on cotton production technology.

International Cotton Advisory Committee

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Suresh Patel
Sidwin Fabric

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

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...

Robert Brunner
Devereux

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

Prathyusha Garimella
Prathyusha Garimella

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
March 2017

March 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