Home / Knowledge / News / Textiles / Cotton prices soar as stocks continue slide in 2009/10
Cotton prices soar as stocks continue slide in 2009/10
13
Mar '10
USDA releases the latest report on cotton production and prices. World cotton production in 2009/10 is estimated to decline 5 percent from the previous year to 102.2 million bales. Although production increases in 2009/10 are expected in some major cotton-producing countries, such as India, Pakistan, Brazil, and Australia, production declines in other countries are expected to more than offset the gains.

In 2009/10, China's cotton production is estimated to decline 14 percent from the previous year to 31.5 million bales. In that same period, Uzbekistan is expected to reduce production 11 percent to 4.1 million bales, while the United States' crop is estimated to have declined 3 percent from a year earlier. The reduction in 2009/10 global cotton production is driven in large part by the 2008 financial crisis and rising production costs that reduced area devoted to cotton.

World cotton area in 2009/10 is estimated at 30.4 million hectares, down 1 percent from the previous year and the lowest area in more than two decades. With the exception of India, most major cotton-producing countries, such as China, Brazil, and Uzbekistan, have decreased area in 2009/10. The African Franc Zone is also expected to reduce area 8 percent to 1.4 million hectares in 2009/10. Global yields are estimated at 733 kg/ha, down 4 percent from 2008/09.

World cotton imports in 2009/10 are estimated at 34.4 million bales, up 15 percent (4.4 million bales) from a year earlier. Significant rebounds are expected in major cotton importing countries, such as China, Pakistan, and Turkey. China is expected to increase its 2009/10 imports 36 percent to 9.5 million bales from the previous year. If realized, China's expected imports are a further sign that the impact of the 2008 financial crisis has significantly diminished. Pakistan is expected to import 2.5 million bales, up 28 percent from the previous year. Turkey's 2009/10 imports are forecast at 3.5 million bales, up 21 percent from a year ago. Increases in trade are also expected in Bangladesh, Indonesia, and Mexico, where cotton imports are estimated to rise—respectively—5 percent to 4 million bales, 4 percent to 2.1 million bales, and 14 percent to 1.5 million bales from the previous year.

While exports in the United States and Brazil are estimated to decline 10 percent and 27 percent to 12 million bales and 2 million bales, respectively, increases are expected for some other major cotton exporting countries. India is expected to increase its 2009/10 exports by nearly threefold to 6.1 million bales from the previous year. Australia's exports are estimated at 1.8 million bales, up 50 percent from the previous year. Uzbekistan and the African Franc Zone are expected to increase 2009/10 exports by 30 percent and 3 percent, to 3.9 million bales and 2.3 million bales, respectively, from a year earlier.

Global cotton consumption in 2009/10 is estimated at 115.7 million bales, up 5 percent from the previous year as the global economic outlook brightens for 2010. A significant mill use increase is forecast for China, where consumption is expected to rise 8 percent from the previous year to 47.5 million bales. India is expected to consume 19.2 million bales, up 7 percent from a year earlier and the highest annual consumption on record. Cotton mill use is also expected to rise 2 percent to 11.8 million bales in Pakistan. Turkey is expected to consume 5.3 million bales in 2009/10, a 6-percent increase from a year ago. Meanwhile, 2009/10 U.S. consumption is estimated to decline 2.5 percent to 3.5 million bales.


Must ReadView All

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Urmil Arya

Sushila International, a well established textile organisation established ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Larry L Kinn
Suominen Corporation

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

Ashok Desai
Bombay Textile Research Association

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

Mark Paterson
Technical Absorbents Ltd

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Jay Ramrakhiani
Occasions Elegance Wear

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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