Home / Knowledge / News / Textiles / Domestic cotton output to be down 10%
Domestic cotton output to be down 10%
14
Dec '09
The Cotlook A index (an indicator of world cotton prices), continued to increase in November reaching 74.05 US c/lb on 30 November, up 16% from 1 August. The International Cotton Advisory Committee's (ICAC) price model is now forecasting a 13% increase in the average Cotlook A index for 2009/10. The latest A index estimate for 2009/10 of 69 US c/lb is 2 US c/lb up from last month's forecast.

The ICAC forecasts world cotton production to decrease by about 5% to 22.2 million tons in 2009/10 mainly due to lower yields as well as a decrease in the price-competitiveness of cotton against competing crops. The ICAC believes that world cotton yields have entered a period of slow growth which might last several years.

The ICAC expects world cotton mill use to recover by about 2% to 23.8 million tons in 2009/10, based on an expected recovery in world economic growth. Only Asian cotton consuming countries (whose combined share of world cotton use is estimated at 70%) are expected by the ICAC to experience growth in mill use in 2009/10.

The ICAC forecasts world cotton trade to increase by about 6% in 2009/10 to 7 million tons. Chinese imports are expected to increase by about 15% due to a smaller cotton crop. Exports from India are expected to rebound to 1.4 million tons due to a large exportable surplus whilst USA exports will decline by about 21% according to the ICAC.

The ICAC also forecasts world cotton ending stocks to fall by 13% to 10.7 million tons by the end of July 2010, which would be the largest decline in 7 years. Half of the decline is expected in China and the other half in the rest of the world.

Looking towards prospects for 2010/11, the ICAC expects that the current higher prices combined with an increase in the competitiveness of cotton against grains and oilseeds would lead to an estimated 8% increase in cotton production in 2010/11.

Local outlook:
As far as the local outlook is concerned, the final estimate for the 2008/09 production year indicates a total crop of 44,922 lint bales, 10% down from the previous season. About 42,024 lint bales are estimated to be produced from RSA produced seed cotton, 14% down from the previous season.

The balance of 2,898 lint bales relates to Swaziland produced cotton ginned by the Swaziland gin (2,832 lint bales) and seed cotton purchased from Botswana by a local gin. First preliminary estimates for the 2009/10 production year indicate a crop which will more or less be unchanged from this season.

Click here to view consumption, export and output figures.

Cotton South Africa


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

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...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


June 2018

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

news category


Related Categories:

Advanced Search