Home / Knowledge / News / Textiles / Global 2020-21 cotton ending stocks highest in 6 yrs: USDA

Global 2020-21 cotton ending stocks highest in 6 yrs: USDA

30
Jun '20
Global 2020-21 cotton ending stocks highest in 6 yrs: USDA
Cotton projections for 2020-21 (August-July) indicate that global cotton ending stocks are forecast at their highest in 6 years, the June month's Cotton and Wool Outlook released by the US department of agriculture (USDA) said. World stocks are projected to rise for the second consecutive season in 2020-21 to 104.7 million bales, 4 per cent above 2019-20.

World stocks at the end of 2020-21 season are projected to be the second largest on record behind 2014-15, the Economic Research Service of the USDA said. At the end of 2014-15, global stocks totalled 106.7 million bales, with China accounting for 62 per cent of the total as government policies there resulted in surplus stock accumulations. As subsequent policies reduced China’s stocks, the share of global cotton supplies for other countries increased in recent years.

For 2020-21, cotton stocks in China are forecast lower at 35.6 million bales—34 per cent of the world total. Meanwhile, stocks outside of China are expected to rise 9 per cent to 69.1 million bales, with stock gains for India and the United States over the past 2 years leading the increase. For India, stocks are projected to reach a record 21.1 million bales (20 per cent of the total) in 2020-21, resulting from large crops and reduced demand. For the United States, cotton stocks are forecast at 8.0 million bales (8 per cent of the total), the highest since 2007-08.

Fibre2Fashion News Desk (RKS)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 15th May 2021

Australian govt earmarks Au$1 mn for boosting fashion industry

The government of Australia has earmarked Au$1 million to promote and ...

Pic: Sorbis / Shutterstock.com

Apparel/Garments | On 15th May 2021

Prime Content| US textiles & apparel imports grow 4.32% in Q1 2021

The import of textiles and apparel by the United States increased by...

Pic: Amanda Wakeley

Fashion | On 15th May 2021

British luxury fashion company Amanda Wakeley enters administration

The British luxury fashion designer Amanda Wakeley’s company, AW...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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


May 2021

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


Advanced Search