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

Sanjay K Jain, managing director, TT Ltd

Textiles | On 21st Sep 2017

TT’s Sanjay Jain elected new chairman of CITI

The Confederation of Indian Textile Industry (CITI), the apex body...

Textiles | On 21st Sep 2017

NRF urges US lawmakers to lower corporate tax rates

The National Retail Federation (NRF) has written to the US Senate...

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Anisha Chaudhari
Threads & Shirts

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

Robert Brunner
Devereux

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

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search