;
Home / Knowledge / News / Textiles / US cotton exports on track to reach 10mn bales for 2014/15
US cotton exports on track to reach 10mn bales for 2014/15
11
Nov '14
courtesy: FAS/USDA
courtesy: FAS/USDA
Although US cotton exports started slowly compared to recent years, they are on track to reach the forecast of 10 million bales for 2014/15 cotton season, the Foreign Agricultural Service of the United States Department of Agriculture (USDA) said in its November 2014 report on “Cotton: World Markets and Trends”.
 
By the end of the first quarter of the current season on October 30, the total cotton exports by the US were just 12 percent of the forecast. One of the reasons for this slow start was that beginning stocks were at the lowest level in over 20 years, limiting the old crop cotton that could be exported.
 
“In addition, the bearish price outlook is also slowing exports, not just in the United States. Mills around the world have limited early season deliveries in expectation of lower prices later this season when new crop Northern Hemisphere cotton reaches the market,” says the report.
 
In contrast to slow shipments, outstanding sales at the end of the first quarter equaled 50 percent of exports forecast for the season, the third highest level in 15 years. Thus, sales commitments are over 60 percent of forecast exports, well above the historical average for this time of the year, supporting the current export forecast.
 
In its overview for 2014/15, the report says world ending stocks are likely to be up marginally as slightly higher production and beginning stocks are expected to be partially offset by lower consumption. Total world cotton trade is likely to remain unchanged from the previous season. For the US, production and ending stocks are likely to go up while exports are expected to remain unchanged. The forecast mid-point of the season average US farm price range is unchanged at 60 cents/pound.
 
Among the major exporters, Australian cotton exports are now revised downwards by 200,000 bales to 3 million bales during the current season on a smaller crop. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Anthesis Group takes over key assets of Made-By

Apparel/Garments | On 20th Jan 2019

Anthesis Group takes over key assets of Made-By

Anthesis Group, the global sustainability and solutions provider, has ...

ZDHC signatory brands share tools on screened chemistry

Apparel/Garments | On 20th Jan 2019

ZDHC signatory brands share tools on screened chemistry

ZDHC signatory brands - Levi Strauss & Co, Nike, H&M and C&A – are...

Courtesy: Global fashion agenda

Apparel/Garments | On 20th Jan 2019

ASOS, PVH become partners to Global Fashion Agenda

ASOS and PVH Corp are becoming part of the Global Fashion Agenda’s...

Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Top executives, Textile industry

Top executives
Textile industry

Sustainable fashion is also ‘slow fashion’

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

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

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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


January 2019

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

news category


Related Categories:

Advanced Search