Home / Knowledge / News / Cotton / Declining consumer confidence will slow cotton trade: ICAC

Declining consumer confidence will slow cotton trade: ICAC

02
Nov '19
Pic: Shutterstock
Pic: Shutterstock
Both global cotton consumption and trade are expected to decline in 2019-20 due to slowing mill use and cotton imports in China—largely the result of the ongoing economic burden of the US-Sino trade war. Current projections estimate production in the coming year at 26.7 million tonnes, consumption at 26.2 million tonnes and total trade at 8.8 million tonnes.

India is expected to lead the world in overall cotton production at 6 million tonnes, despite the country's low yields of 440 kg/ha, among the world's lowest and considerably below the global average of 780 kg/ha, the International Cotton Advisory Committee (ICAC) said in its 'November 2019 Cotton This Month' report.

China is projected to be the world's top consumer at 8.05 million tonnes despite that figure being a 2 per cent decrease from 2018-19. Both Mexico and Pakistan are expected to increase their imports, however, by 48 per cent (to 141,000 tonnes) and 8 per cent (to 711,000 tonnes), respectively.

With production expected to grow by 1 million tonnes, and consumption projected to remain flat, cotton prices will be under heavy pressure throughout the year. ICAC's current price projection for the year-end average of the Cotlook A Index has been revised to 75.5 cents per pound this month.

Fibre2Fashion News Desk (RKS)


Must ReadView All

Pic: Shutterstock

Textiles | On 4th Dec 2020

India to position itself as global MMF, tech textiles hub

India is working on major interventions to position itself as a...

Pic: Shutterstock

Textiles | On 4th Dec 2020

US bans cotton imports from Chinese producer XPCC

The US Customs and Border Protection (CBP) agency recently banned...

Pic: Shutterstock

Apparel/Garments | On 4th Dec 2020

PVH Corp Q3 FY20: sales $2.11 bn; net income $70 mn

PVH Corp, a US-based global apparel companies, has reported 18 per...

Interviews View All

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Vasudevan LK,

Vasudevan LK

Epson is a world leader in digital imaging and printing solutions....

Anurag Mohota,

Anurag Mohota

Located in the heart of cotton growing belt of India, Gimatex is a...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

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

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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


December 2020

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


Advanced Search