Home / Knowledge / News / Textiles / Cotton prices continue rising to record levels, ICAC
Cotton prices continue rising to record levels, ICAC
02
Feb '11
World cotton prices continued rising during the first month of 2011, reaching records and nearing the two-dollar-per-pound territory. Between December 31, 2010 and January 28, 2011 the Cotlook A Index rose by 25.5 cents per pound (up 15%) and reached 197.5 cents per pound. During the first half of 2010/11, the Cotlook A Index gained almost 130%, adding 111 cents per pound.

The season average Cotlook A Index reached close to 140 cents per pound, 80% higher than the 2009/10 average of 77.5 cents per pound. The New York futures contract for March 2011 delivery rose from 77 cents per pound on August 2, 2010 to a record of 169 cents per pound on January 27, 2011. During the same period, the futures contract for October 2011 delivery (2011/12 crop) rose from 75 cents per pound to 127 cents per pound, indicating the possibility of lower prices in 2011/12.

Very low world stocks of cotton; limited supply, robust demand and a depreciation of U.S dollar may have caused the surge in prices during 2010/11. World cotton production is projected to rise by 15% during 2010/11 to 25 million tons, and will be almost equal to projected mill use.

World cotton mill use started to recover in 2009/10 due to the improved global economic environment. However, very high cotton prices and shortages of supply are expected to limit mill use expansion during 2010/11 close to 25 million tons, almost unchanged from 2009/10. No growth in mill use is projected for major consuming countries, except for India, where mill use may grow by 8% to 4.6 million tons.

The Secretariat acknowledges that in the current environment of volatility, the International Cotton Advisory Committee - ICAC price model may be less relevant than in other seasons. The Secretariat season-average projection for the 2010/11 Cotlook A Index is 156 cents per pound. The projection is not based on the ICAC price model, but on the average price for the first six months of the season and our judgment that during the rest of the season prices would remain close to the average recorded during the most recent month (January 2011).

International Cotton Advisory Committee - ICAC


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Wendell Rodricks
Wendell Rodricks

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

Rupa Sood and Sharan Apparao
Nayaab

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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