Home / Knowledge / News / Textiles / Slow recovery in cotton mill use in 2009/10

Slow recovery in cotton mill use in 2009/10

02
Sep '09
As the world economy gradually stabilizes and economic prospects for 2010 improve in most parts of the world, consumption of cotton products and spinning of cotton are expected to slowly recover. Global cotton mill use is forecast to grow by 2% in 2009/10 to 23.6 million tons. The small increase in global cotton spinning expected in 2009/10 will be driven by a rebound in Asia, in particular China (Mainland), India and Pakistan.

The share of Asia in world cotton mill use is forecast to increase from 76% to 77% in 2009/10.

World cotton production is expected to decrease slightly to 23.3 million tons in 2009/10. Increases in India, the United States, Pakistan and Australia are expected to be more than offset by declines in China (Mainland), Central Asia, Brazil, Turkey, and Mexico. The share of Asia in world cotton production is expected to reach almost two-thirds in 2009/10.

The expected increase in world cotton mill use should generate a small rebound in world cotton imports, to 6.8 million tons. A number of countries are expected to import more cotton in 2009/10, including China (Mainland), Bangladesh, Turkey and Pakistan. Exports from the United States are expected to decrease by 20% to 2.3 million tons, while exports from India could rebound strongly to 1.3 million tons.

Based on an expected slightly lower stocks-to-mill use ratio in the World-less-China (Mainland) in 2009/10, the ICAC Price Model 2007 forecasts a season-average Cotlook A Index of 63 U.S. cents/lb in 2009/10 (the 95% confidence interval is between 55 and 73 cents/lb). This would represent a 3% increase from the 2008/09 average.

The International Cotton Advisory Committee is an association of governments of cotton producing and consuming countries. The Secretariat of the Committee publishes information related to world cotton production, supply, demand and prices, and provides technical information on cotton production technology.

International Cotton Advisory Committee


Must ReadView All

Pic: University of Cambridge

Textiles | On 25th Aug 2019

Climate change to shrink GDP of all nations alike: study

Virtually all countries-rich or poor, hot or cold-will suffer...

Pic: Curve-Newyork

Textiles | On 25th Aug 2019

Curve sees over 250 leading intimate apparel brands

Over 250 leading intimate apparel brands showcased their products at...

Pic: Gap Inc

Apparel/Garments | On 25th Aug 2019

Gap Inc net sales down 2% to $4 bn in Q2 2019

Gap Inc, a global retailer offering clothing, accessories, and...

Interviews View All

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions &amp; Vertriebs Gmbh, founded in 1978 and headquartered ...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra,

Bani Batra

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

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


August 2019

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

news category


Related Categories:

Advanced Search