Home / Knowledge / News / Textiles / Textile sector to heavily import cotton in new season
Textile sector to heavily import cotton in new season
26
Aug '10
Global cotton production is forecast at 25.2 million tons in the season 2010-11, up by 15 percent from 2009-10, according to the International Cotton Advisory Committee. World cotton mill use is projected to continue to recover in 2010-11, growing by 2 percent to 24.9 million tons, pushed by continued improvement in global economic growth.

China and India are expected to account for 80 percent of the increase in world cotton mill use in 2010-11. Global imports are expected to continue to recover in 2010-11, rising by 4 percent to 8 million tons. This increase will be driven by Chinese imports, forecast to grow by 22 percent.

The latest US Department of Agriculture (USDA) estimates for 2010-11, estimates global cotton consumption at approximately 120.9 million bales. Despite the 2.7 percent increase from 2009-10, this season's consumption remains well below 123 million bales used just 3 years ago.

China's 2010-11 cotton production is forecast at 33 million bales, up 1.5 percent from the previous year. Cotton area in China in 2010-11 is expected to rise 2 percent from the previous year, while yield is forecast at 1,331 kg / ha, similar to previous year's yield.

Global cotton trade in 2010/11 is forecast at 38.2 million bales, up 7 percent from a year ago. China, the world's leading mill user is forecast to consume 50 million bales, up 3 percent from the previous year. China's textile sector will mainly rely on imports caused by the domestic shortage of cotton supply in the new season.

Therefore, China's cotton shortfall next year will rely heavily on imported cotton, one third of cotton demand will rely on cotton imports. In this way, overseas traders will have more initiative over cotton price; domestic regulation scope will be narrowed.

Domestic cotton price is expected to operate primarily in a range of 16000-18000 Yuan / ton amid a main pattern of upward oscillation in the second half of the new cotton year.

Fibre2fashion News Desk - China

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

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

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

Mark Paterson
Technical Absorbents Ltd

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

Rupa Sood and Sharan Apparao
Nayaab

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


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