India’s production is expected to remain stable at 6.8 million tons due to less favourable monsoons and despite an expansion in the cotton acreage by 5 per cent to 12.3 million hectares. However, its production will surpass China’s by over 300,000 tons, making it the largest cotton producer in 2014/15.
Production in the United States is looking to rebound 23 per cent to 3.5 million tons, partially offsetting declines in the other major producing countries.
International cotton prices have fallen substantially since last spring, when they were above 90 cents/lb to under 70 cents/lb in December.
In response to low prices, cotton consumption is forecast to increase by 925,000 tons to 24.4 million tons in 2014/15, after falling 1 per cent to 23.5 million tons in 2013/14.
Lower international and domestic prices are expected to bolster consumption in China by 6 per cent to just under eight million tons.
The contraction in China’s demand for cotton yarn imports is expected to cause India’s cotton consumption growth to slow to 4 per cent thereby reaching 5.3 million tons. This is down from 5 per cent in 2013/14 and 14 per cent in 2012/13 when demand for Indian yarn exports was much stronger. (AR)
Fibre2fashion News Desk - India
Apparel/Garments | On 18th Sep 2018
US President Donald Trump escalated the trade war with China on...
Textiles | On 18th Sep 2018
Sunrise Bumi Textiles, one of the world's leading quality yarn...
Shades of India
Women value something that is unique and has a flavour of India
Domestic manufacturers would get an edge over imported products
Encouragement from brands will motivate supply chains to become more...
Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...
Idealin Fogging Systems has been engaged in designing and manufacturing...
MAG Solvics Private Limited was established in 1991 to design and develop...
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Iago Castro Asensio
RCfil Distribuciones S.L.
Iago Castro Asensio, International Business Manager of RCfil...
Atlanta-based private start-up Brrr° was founded in 2014 to develop...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
"We should not compare India and the West. There are things we do that...
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...