Home / Knowledge / News / Textiles / Cotton output to fall in current season

Cotton output to fall in current season

13
Feb '10
According to The International Cotton Advisory Committee (ICAC), world cotton production for 2009/10 is projected at 22.2 million tons, a decrease of 5% over the previous season mainly due to lower yields. As a result world cotton stocks are expected to decline by 14% to 10.5 million tons by July 2010, which would be the lowest level in 6 years.

Based on the above and the expectation that world cotton use will grow by 2.8% in 2009/10 to 23.9 million tons, the ICAC's price model is forecasting an 18% increase in the average Cotlook A index (an indicator of world cotton prices) for 2009/10. The latest A index estimate for 2009/10 of 72 US c/lb is 2 US c/lb up from last month's forecast.

The higher prices paid for cotton in 2009/10, combined with the recent decline in grain prices will however encourage farmers to increase cotton plantings in 2010/11 according to the ICAC. World cotton area for 2010/11 is expected to increase by about 5% and assuming an average yield, cotton production is forecast by the ICAC to rebound to 24.1 million tons, an increase of about 9% over 2009/10.

The ICAC also expects world cotton consumption to continue to recover, growing by 2.5% to 24.5 million tons in 2010/11. Most of the growth however will be in Asia, South America and Turkey.

Although the ICAC forecasts world cotton trade to increase only slightly in 2010/11, Chinese imports is expected to increase by about 15% to 2.1 million tons, driven by increased mill use. Exports from India are expected to remain stable in 2010/11 but USA exports are forecast to increase by 10% mainly driven by increased production.

Local outlook:
As far as the local outlook is concerned, the 1st estimate for the 2009/10 production year indicates a total crop of 41 261 lint bales, 8% down from the previous season and the smallest crop since the early sixties.

About 37,841 lint bales are estimated to be produced from RSA produced seed cotton, 10% down from the previous season. The balance of 3,420 lint bales relates to Swaziland produced cotton ginned by the Swaziland gin.

Click here to view report.

Cotton South Africa


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 1st Apr 2020

Indian ministry asks over 10 manufacturers to produce PPE

The Indian health ministry has asked over 10 domestic manufacturers...

Pic: Venturelli Luca / Shutterstock.com

Retail | On 1st Apr 2020

H&M to take goods already manufactured, assures suppliers

Swedish retail giant H&M recently assured its garment suppliers of...

Pic: Shutterstock

Textiles | On 1st Apr 2020

India calls for allowing import sans certificate of origin

India has urged the countries with which it has free trade agreements ...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Emanuel Fertuzinhos,

Emanuel Fertuzinhos

Founded in 1981, Lisama, a Portuguese company, is a pioneer in the textile ...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

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


March 2020

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


Advanced Search