Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / Domestic cotton output to be down 10%
Domestic cotton output to be down 10%
14
Dec '09
The Cotlook A index (an indicator of world cotton prices), continued to increase in November reaching 74.05 US c/lb on 30 November, up 16% from 1 August. The International Cotton Advisory Committee's (ICAC) price model is now forecasting a 13% increase in the average Cotlook A index for 2009/10. The latest A index estimate for 2009/10 of 69 US c/lb is 2 US c/lb up from last month's forecast.

The ICAC forecasts world cotton production to decrease by about 5% to 22.2 million tons in 2009/10 mainly due to lower yields as well as a decrease in the price-competitiveness of cotton against competing crops. The ICAC believes that world cotton yields have entered a period of slow growth which might last several years.

The ICAC expects world cotton mill use to recover by about 2% to 23.8 million tons in 2009/10, based on an expected recovery in world economic growth. Only Asian cotton consuming countries (whose combined share of world cotton use is estimated at 70%) are expected by the ICAC to experience growth in mill use in 2009/10.

The ICAC forecasts world cotton trade to increase by about 6% in 2009/10 to 7 million tons. Chinese imports are expected to increase by about 15% due to a smaller cotton crop. Exports from India are expected to rebound to 1.4 million tons due to a large exportable surplus whilst USA exports will decline by about 21% according to the ICAC.

The ICAC also forecasts world cotton ending stocks to fall by 13% to 10.7 million tons by the end of July 2010, which would be the largest decline in 7 years. Half of the decline is expected in China and the other half in the rest of the world.

Looking towards prospects for 2010/11, the ICAC expects that the current higher prices combined with an increase in the competitiveness of cotton against grains and oilseeds would lead to an estimated 8% increase in cotton production in 2010/11.

Local outlook:
As far as the local outlook is concerned, the final estimate for the 2008/09 production year indicates a total crop of 44,922 lint bales, 10% down from the previous season. About 42,024 lint bales are estimated to be produced from RSA produced seed cotton, 14% down from the previous season.

The balance of 2,898 lint bales relates to Swaziland produced cotton ginned by the Swaziland gin (2,832 lint bales) and seed cotton purchased from Botswana by a local gin. First preliminary estimates for the 2009/10 production year indicate a crop which will more or less be unchanged from this season.

Click here to view consumption, export and output figures.

Cotton South Africa


Must ReadView All

Sri Lanka reduces VAT on imported fabric to 5%

Textiles | On 24th Sep 2018

Sri Lanka reduces VAT on imported fabric to 5%

Considering the requests made by the stakeholders in the fabric...

E-com firms in India to deduct 1% TCS under GST from Oct 1

Apparel/Garments | On 24th Sep 2018

E-com firms in India to deduct 1% TCS under GST from Oct 1

E-commerce companies in India will have to deduct 1 per cent tax...

Courtesy: Andritz

Textiles | On 24th Sep 2018

'Strength of economy, demographics drive nonwovens demand'

The strength of the economy and demographic trends are the main...

Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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 2018

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

news category


Related Categories:

Advanced Search