Cotton demand is up, especially in Asia and South Asia, but drought conditions in the West Texas region of the US and the potential of new tariffs on cotton are serious concerns—and one of the reasons that prices have dropped from a season-high of 102 cents per pound, according to the July 2018 edition of Cotton This Month, released by the International Cotton Advisory Committee (ICAC).
However, the current price for cotton is still higher than the season average to date—87 cents per pound—and considerably higher than the 20-year historical average of 73 cents per pound. The ICAC price forecast for 2017-18 is 86 cents per pound. For 2018-19, the ICAC secretariat is projecting the average price to end between 66 and 107 cents per pound.
While both production and consumption are projected to increase in 2017-18, higher production will result in world stocks increasing 3 per cent to 19.3 million tonnes, following two seasons of continual decreases in global stocks. Consumption in 2018-19 is projected to grow 5 per cent to 27.4 million tonnes with production projected at 25.9 million tonnes. With consumption expected to outpace production in 2018-19, global stocks are expected to decrease to 17.8 million tonnes. (RKS)
Fibre2Fashion News Desk – India
| On 19th Jun 2021
Of almost 305,000 tonnes of textiles discarded in Australia’s New...
A survey of 540 South Korean exporting firms by the Korea...
Resetting and reimagining the innovation agenda for the...
Still struggling to mop up higher sales
India-EU FTA will provide EU with better access to a huge & rapidly...
Strongly believe in 'people first' policy.
Danitech was born from the will of a group of technicians to offer the...
The Riri Group is a one-stop supplier of metal accessories for the luxury...
The entertainment/character segment lead as the largest sector for the...
Headquartered in Belgium and with offices in the United Kingdom, Portugal...
The Lenzing Group is an international company headquartered in Austria...
University of Rhode Island
Assistant professor Daniel Roxbury and former URI graduate student...
Vidur Adlakha & Riccardo Bennidini
With an active presence in US, Italy and India, clothing brand La Fuori...
Anjali Bhaskar has an experience of 12 years in the fashion industry. She...
Sailesh Singhania Label
The Sailesh Singhania label was created to promote handwoven sarees and...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.