Home / Knowledge / News / Textiles / China's cotton stocks to fall significantly: USDA
China's cotton stocks to fall significantly: USDA
15
Mar '18
Courtesy: Foreign Agricultural Service/USDA
Courtesy: Foreign Agricultural Service/USDA
Cotton stocks in China are expected to fall significantly in 2018-19, similar to the current season, according to the US department of agriculture (USDA). Continuous rise in consumption at a rate faster than the world average, slight decline in production, and limited imports will result in continued reductions in China’s cotton State Reserve.

Outside of China, despite forecast lower production, rest-of-world stocks are expected to rise for the third consecutive year as an expected modest growth in consumption and relative weak import demand by China leave supply higher than demand, the Foreign Agricultural Service of the USDA said in its March 2018 report ‘Cotton: World Markets and Trade’.

Meanwhile, US cotton exports are projected at a 13-year high of 16 million bales of 480 lb each in 2018-19, due to expectations of a large exportable surplus. The US share of world trade is projected to rise. Ending stocks are projected at 6 million bales, which would be the highest level since 2008-09. Greater supplies outside of China are expected to pressure cotton prices in 2018-19 with the average price received by producers falling within the range of 58-68 cents per pound, compared with the 2017-18 current forecast of 69 cents.

For 2017-18, global cotton production and trade are both raised. Production is raised due to expected higher production in Australia and Sudan, partially offset by lower production in Uzbekistan and the US. Trade is up on higher imports in Turkey, Vietnam, Bangladesh, and China. The US exports are raised. World consumption is marginally higher with world ending stocks up reflecting the increased production. The US balance sheet has lower production, higher exports, and lower ending stocks. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Trump announces tariffs on $200 bn worth Chinese imports

Apparel/Garments | On 18th Sep 2018

Trump announces tariffs on $200 bn worth Chinese imports

US President Donald Trump escalated the trade war with China on...

Courtesy: Sunrise Bumi Textiles

Textiles | On 18th Sep 2018

Sunrise Bumi developing new products for profitability

Sunrise Bumi Textiles, one of the world's leading quality yarn...

New Zealand bans sheep mulesing

Textiles | On 18th Sep 2018

New Zealand bans sheep mulesing

New Zealand has banned the practice of mulseing sheep, making the...

Interviews View All

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

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

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

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

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

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

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

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


September 2018

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

news category


Related Categories:

Advanced Search