Home / Knowledge / News / Textiles / China, India major players in future cotton prices
China, India major players in future cotton prices
29
Jun '15
Courtesy: CAES, UGA/Clint Thompson
Courtesy: CAES, UGA/Clint Thompson
Two of the world’s largest producers of cotton, China and India, will play key roles in the future of cotton prices, according to University of Georgia cotton economist Don Shurley.

China is the world’s largest user and second-largest producer of cotton. The country’s actions relating to stocks and imports could be an overwhelming factor on the improvement of cotton prices for farmers. Cotton prices have been stuck in the 62 to 67 cents per pound range for the past nine months, a report on the University’s website said.

“What goes on over there is very important. It’s even more so now, because they hold 60 per cent of the world’s cotton stocks, or cotton left over from previous years that’s still on hand,” said Shurley, a researcher in the UGA College of Agricultural and Environmental Sciences. “Their policies affect how that cotton is used, how it’s moved into the supply chain and when it will have a big impact.”

Also a significant factor in future cotton prices is the monsoon season in India, the world’s largest cotton producer.

In Shurley’s biweekly newsletter, “Cotton Marketing News," he wrote that the Indian government forecasts the monsoon season as “deficit,” meaning the country’s cotton crop estimate could be lowered in future reports. India’s expected decrease in cotton production could impact the direction that prices take in future months.

Shurley said cotton farmers prefer to see prices reach the 80-cent plateau, a mark not seen since June 2014. The US Department of Agriculture (USDA) will release its estimate of actual cotton acreage planted in the US on June 30. Combined with the release of July production and supply/demand numbers, this information should provide clarity about the future of the cotton market by next month.

“There are so many factors, globally, that are in place now. Plus we’ve gone to, essentially, 24x7 trading. We’ve gone fully electronic now. Prices have a way of changing very rapidly,” Shurley said. (SH)

Fibre2fashion News Desk – India


Must ReadView All

Plan under way to revive Egypt's state-run textile firms

Textiles | On 20th Oct 2018

Plan under way to revive Egypt's state-run textile firms

Egyptian minister for the public enterprise sector Hisham Tawfiq...

Myanmar asks garment units to set up skill testing centres

Apparel/Garments | On 20th Oct 2018

Myanmar asks garment units to set up skill testing centres

Myanmar’s ministry of labour, immigration and population has asked...

Results of Cameroon transgenic cotton trials by 2018 end

Textiles | On 20th Oct 2018

Results of Cameroon transgenic cotton trials by 2018 end

Cameroon’s national cotton development company Sodecoton will...

Interviews View All

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

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

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

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

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...

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


October 2018

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

news category


Related Categories:

Advanced Search