Home / Knowledge / News / Textiles / Cotton prices will sky-rocket by year-end – experts
Cotton prices will sky-rocket by year-end – experts
30
Apr '10
Experts believe that cotton production in China in the 2010-11 cotton season is unlikely to increase significantly. Relevant domestic agencies are more cautious about the forecast on domestic cotton acreage.

The survey conducted by China Cotton Association indicates that national cotton planting area in 2010 will increase by only 0.17 percent over the previous year and is expected to touch 77.90 million Mu (one hectare = 15 Chinese Mu).

A report released by China Cotton Institute shows that cotton planting intention of this year displays a decreasing trend; cotton planting area is expected to be less by 3.5 percent compared with the same period in 2009.

An analyst is of the opinion that, the weather in North China is unusually cold this year, cotton-planting progress is far behind the same period in last year, 2010/2011 will not see much increase in cotton production.

He adds by saying that, coupled with demand growth of the textile industry, cotton imports in next year will reach 6 million tons; market outlook of cotton price is expected to gain upward.

As ending stocks of global cotton decline, cotton prices are expected to climb higher, at least the average price of grade 3 in early May is expected to rise to 17000 Yuan / ton, and hit 17,500 Yuan / ton in June.

It is also expected to surge to 19,000 Yuan / ton by the end of 2010. Experts warn cotton-consuming companies to be prepared to deal with cotton shortages as well as sky-rocketing prices of cotton in the next cotton season.

Fibre2fashion News Desk


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

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

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Marcel Alberts
Eurofibers

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin
Chapurin

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

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

July 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

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

Yes No

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

Yes No

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


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



X