Home / Knowledge / News / Textiles / USDA puts up strong forecast for China cotton

USDA puts up strong forecast for China cotton

04
May '07
China's cotton use is forecast to continue to grow strongly in MY07/08, posting 12 percent growth for a second consecutive year. China's textile industry is expected to consume 12.3 MMT of cotton in MY07/08 based on both solid domestic and export demand. While industry investment remains strong, consolidation and government pressure to focus less on exports have acted to curb the over 20 percent yearly growth experienced following WTO accession and elimination of textile quotas.

Chinese domestic cotton production is forecast to fall four percent, to 6.5 MMT, following the record crop in 2006. Solid farmer returns last year are forecast to result in a three percent increase in planted area in 2007. While early crop conditions have been favorable and wide distribution of better seed varieties are have led to an above average yield forecast, total production is expected to fall following the exceptional yields of 2006.

MY07/08 imports are forecast to surge to 5 MMT in response to solid demand and the slow import pace in Q4 2006 and Q1 2007. This level of imports would be 50 percent higher than estimated MY06/07 imports, but only 20 percent above MY2005/06 levels. A resumption of large-scale imports is likely in the final few months of MY06/07 and will continue into MY07/08.

Surprisingly flat import levels following the fall 2006 Chinese harvest of their bumper crop led to a downward revision of MY06/07 imports from the initial forecast of 4.1 MMT to 3.35 MMT. Fundamentally, continued double-digit cotton consumption growth in China is outstripping China's productive capacity over time and will lead to a higher market share for imported cotton.


Must ReadView All

Pic: ADB

Textiles | On 22nd Sep 2021

ADB trims developing Asia 2021 growth outlook to 7.1%

The Asian Development Bank (ADB) lowered its 2021 economic growth...

Pic: Shutterstock

Textiles | On 22nd Sep 2021

Mexican cotton outlook seems promising in MY 2021-22: TexPro

Mexican cotton outlook has been improving gradually due to...

Pic: Shutterstock

Apparel/Garments | On 22nd Sep 2021

Bangladesh RMG exporters fear losses due to problems at airport

Apparel exporters in Bangladesh are expecting significant losses for...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Gus Bartholomew,

Gus Bartholomew

<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire 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


September 2021

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


Advanced Search