Home / Knowledge / News / Textiles / USDA forecasts global cotton output at 119.4mn bales
USDA forecasts global cotton output at 119.4mn bales
24
Oct '14
“Global cotton output in 2014/15 is estimated at 119.4 million bales, which is similar from the previous season, as higher area is offset by a lower global yield,” the USDA informs in its latest October report.

The agency explains, “Although slightly below 2013/14, the October production estimate represents an upward revision from the previous month’s forecast, mainly reflecting increases for India, China, and Pakistan.”

World cotton harvested area is forecast at nearly 34.3 million hectares or 84.6 million acres in 2014/15, similar to 2012/13, while yield is forecast at 759 kilograms per hectare or 677 pounds per harvested acre, the lowest in five seasons.

USDA says output in India and China were raised 1 million bales each this month to 31 million and 30.5 million bales, respectively, as area and yield were projected higher.

For India, 2014/15 production is expected to equal the previous year as record harvested area is moderated by a reduction in yield. India’s area is forecast at 12.75 million hectares or 31.5 million acres, 9 percent above 2013/14, while yield is down 8 percent from last season’s record.

China’s 2014/15 production is projected 7 percent below 2013/14 as lower area more than offsets a record national yield. China’s harvested area of 4.4 million hectares or 10.9 million acres is the country’s smallest since 2000/01.

However, with a larger share of the crop grown in the Xinjiang region, where provincial yields surpass those of the eastern provinces, China’s yield is projected at a record 1,509 kilograms per hectare or 1,346 pounds per acre.

“Increases in China’s 2013/14 and 2014/15 production, relative to last month mainly reflect revised reports of 2013-crop cotton which entered the national reserve, indicating that production was higher than previously estimated,” the USDA report explains.

For Pakistan, USDA projects 2014/15 production at 9.8 million bales, up 300,000 bales from last month’s forecast. Pakistan’s crop is expected to be the highest since 2011/12 and the third highest on record, from a modest increase in both area and yield.

Global cotton mill use is expected to expand nearly 5 percent in 2014/15 to 113.7 million bales as lower fiber prices help push consumption to its highest since 2010/11. China, the world’s largest mill user, is projected to account for two-thirds of the increase in 2014/15.

This USDA explains, is due to policy changes, which are expected to make cotton yarn imports less attractive than spinning domestically-produced cotton. Resultantly, China’s cotton mill use is expected to grow 10 percent in 2014/15 to 38 million bales.

India’s cotton mill use is expected to expand 4 percent or 1 million bales in 2014/15 to 24.5 million bales, a record. In addition, a number of countries are forecast to achieve 200,000-bale gains in mill use, including Pakistan, Turkey, Bangladesh and Vietnam posting rise of 2, 3, 5 and 6 percent, respectively.


Must ReadView All

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Courtesy:  Vishal Banik on Unsplash

Textiles | On 21st Sep 2018

Pakistan's textile exports up 3.72% in July-August 2018

The value of textile and garment exports from Pakistan increased 3.72 ...

French jute, natural fibre team to visit India, Bangladesh

Textiles | On 21st Sep 2018

French jute, natural fibre team to visit India, Bangladesh

Business France, the French trade and investment commission, will...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

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

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