Home / Knowledge / News / Textiles / India & China vie for top spot in 2014-15 cotton output
India & China vie for top spot in 2014-15 cotton output
03
Sep '14
With India’s cotton output forecast at 6.3 million tons and China’s at 6.4 million tons, India stands a chance to grab the honour of being named top cotton producer in the world in 2014/15 season.

In season 2014/15, China and India will vie for the title of largest producer of cotton, says the International Cotton Advisory Committee (ICAC)

“The full impact of this year’s monsoon on India’s yields is unknown and due to late arrival of monsoon, the planting season was extended. Acreage under cotton in India is estimated at 11.8 million hectares, up by 1.3% from 2013/14”, ICAC adds.

Assuming a yield based on the 3-year average of 536 kilograms per hectare, India’s production is expected to decline by 4% to 6.3 million tons.

“While in response to the ending of government support outside Xinjiang, China decreased area by 8% to 4.2 million hectares. China’s production in 2014/15 would decline to 6.4 million tons, assuming an average yield of 1500 kilograms of lint per hectare”, the cotton body avers.

ICAC estimates that in 2014/15, world cotton industry is expected to enter its fifth consecutive season in which production exceeds consumption.

World production is forecast to decline by 400,000 tons to 26.05 million tons while consumption could grow by 4% to 24.4 million tons, resulting in a surplus of 1.7 million tons.

Since 2010/11, world production will have exceeded consumption by a cumulative 12.3 million tons and by the end of 2014/15, would reach nearly 14 million tons.

Much of the surplus is held by the Chinese government, but this season, more of the surplus will shift to the private sector in China and other producing countries.

As a result of the cumulative surplus, world ending stocks are projected to increase to 22.2 million tons at the end of 2014/15 with ending stocks outside China forecasted to achieve a record 9.7 million tons.

This expansion in world ending stocks outside China will put negative pressure on prices this season as China continues to liquidate its significant stocks.

Sales from the Chinese reserve reached 2.3 million tons in 2013/14. During August, the government sold an additional 300,000 tons, which reduces estimated cotton stocks held in reserves at around 11 million tons.

ICAC expects that over the next few years, the Chinese government will maintain sales from the reserve at a pace of 2-3 million tons a year.

After much needed rain arrived in this summer, the United States should see reduced abandonment and improved yields with production forecast to reach 3.7 million tons with an average yield of 933 kilograms per hectare.

While world consumption in 2013/14 experienced nil growth from 2012/13, it is predicted to expand by 4% in 2014/15.

Consumption in China could rise to 7.9 million tons in 2014/15, up from 7.5 million tons in 2013/14 given the fall in both international and domestic prices as well as improved demand overseas for downstream goods.

India’s demand is projected to reach 5.3 million tons in 2014/15, which is the third season of demand growth.

World trade is projected to decline by 1 million tons to 8 million tons in 2014/15, which is largely accounted for by a 30% decrease in Chinese imports to 2 million tons. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 9th Jul 2020

Deeper recession forecast for EU economy

The European Union economy will see a deep recession this year...

Pic: Sorbis / Shutterstock.com

Apparel/Garments | On 9th Jul 2020

Bangladesh apparel exports down 18.12% in FY20

Readymade garment exports from Bangladesh decreased by 18.12 per cent ...

Pic: Shutterstock

Textiles | On 9th Jul 2020

Govt COVID-19 regulations shouldn't become permanent: B20

The G20's official business voice Business Twenty (B20) has warned...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Paolo Crespi,

Paolo Crespi

Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Jos Notermans,

Jos Notermans

SPGPrints is a global provider of integrated solutions for rotary screen...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

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 ...

Dave Rousse, INDA

Dave Rousse
INDA

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

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

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

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


July 2020

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


Advanced Search