Home / Knowledge / News / Textiles / Cotton market experiences increased concentration

Cotton market experiences increased concentration

09
Sep '09
After declining significantly in 2008/09, both world cotton mill use and production are expected to stabilize in 2009/10. World cotton production is forecast slightly down at 23.3 million tons due to reduced area. As the world economy gradually stabilizes and economic prospects for 2010 improve in most parts of the world, global cotton mill use is expected to recover by a small amount to 23.6 million tons. World cotton imports are expected to rebound by 5% to 6.8 million tons in 2009/10, driven by increased demand. World ending stocks are forecast slightly lower, at 12.0 million tons.

The world cotton market is experiencing increased concentration. In the last decade, production and spinning of cotton have continued to grow faster in Asia than in the rest of the world. In addition, in the last few years trade of cotton became more concentrated amongst the largest merchants and this trend will continue during 2009/10. Nevertheless, global cotton trade remains very competitive.

The season-average Cotlook A Index experienced a significant drop in 2008/09, to 61 cents per pound, due to falling consumption. In addition, cotton prices were extremely volatile during that season due to the global economic crisis. The season-average Cotlook A Index is expected to recover slightly in 2009/10, to 63 cents per pound with a 95% confidence interval ranging from 55 cents per pounds to 73 cents per pounds.

International Cotton Advisory Committee


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 17th Aug 2019

EBA benefit withdrawal to hurt 4 mn Cambodians: GMAC

The Garment Manufacturers Association in Cambodia recently said the...

Pic: Infinited Fiber

Textiles | On 17th Aug 2019

Infinited Fiber receives lead investment from RGE

Singapore-based RGE Pte Ltd has joined a group of investors including ...

Pic: Macy's

Apparel/Garments | On 17th Aug 2019

Macy's net sales down to $5,546 mn in Q2 of 2019

Macy's Inc reported net sales of $5,546 million in Q2 of 2019 ending...

Interviews View All

Priyanka, Studio Priyanka Rajiv

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Evelyne Cholet, UCMTF

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Hans Gerhard Wroblowski,

Hans Gerhard Wroblowski

Germany's Monforts is a leading manufacturer and exporter of textile...

Vasudevan LK,

Vasudevan LK

Epson is a world leader in digital imaging and printing solutions....

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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