Home / Knowledge / News / Textiles / White gold may test 15-year highs
White gold may test 15-year highs
Aug '10
Worldwide cotton prices may test new highs if experts are to be believed. According to them it may touch the highest price prevailing in 1995 and in all likelihood will grow by 13 percent to a 15-year high of 94.9 cents a pound, before the new cotton crop comes in to the market in October 2010.

This is mainly on account of the biggest purchaser of cotton; China whose textile and apparel sector has an insatiable appetite for the white gold, which has resulted in its cotton imports from the largest exporter of cotton; USA, growing by 24 percent year on year in 2010.

It is also expected that supply of cotton in the new cotton season may not be able to keep pace with rising demand from the Asian countries. Global inventories too are at an all-time low. Data reveals that US stockpiles amounted to just 3.1 million bales at the end of July, the lowest level since 1996.

It is projected that worldwide demand will in all likelihood increase by 2.7 percent this year to 120.87 million bales, boosted by a demand form China whose imports are expected to reach 12.5 million bales, up 14 percent and that of Pakistan by 53 percent which has been ravaged by floods and in the process has destroyed the standing crop.

According to the Indian Cotton Advisory Board (CAB) the consumption of the world's second largest cotton consumer is expected to rise by about 8.9 percent to 20.7 million bales by the end of cotton year in September 2010. It is also expected to grow by 26 percent to 33.3 million bales in the next season.

Fibre2fashion News Desk - India

Must ReadView All

Information Technology | On 28th Mar 2017

Intex Consulting signs partnership with Kawan Era Baru

Germany based Intex Consulting GmbH has entered into a strategic...

Courtesy: Kraig Laboratories

Textiles | On 28th Mar 2017

Kraig gets certificate for silk production in Vietnam

Kraig Biocraft Laboratories, Inc., a leading biotechnology company...

Courtesy: Creora

Textiles | On 28th Mar 2017

Hyosung holds Creora workshops in China, HK & Taiwan

South Korean specialty fibre producer Hyosung held a series of...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao

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

Robert Brunner

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search