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US cotton exports forecast to surge 35% in 2016-17
16
Jan '17
In the 2016-17 cotton marketing season, US cotton exports are expected to surge 35 per cent, at a time when world trade forecast may be similar to the previous marketing year. At the same time, US market share of world cotton trade is forecast to rise steeply, as exports have risen 66 per cent year on year in the first five months of the marketing year.

The higher cotton export growth was primarily driven by higher exports to China, Indonesia, Vietnam, and other smaller countries, except for Turkey.

The total cotton export commitment to China from the US is nearly five times as against the same time last year, although China’s current marketing season imports are projected to grow only marginally.

Likewise, US commitments to Vietnam have nearly doubled compared to the previous season, while Vietnam’s import forecast is a growth of only 10 per cent. Commitments to Indonesia have also more than doubled, while its imports are expected to remain unchanged.

However, Turkey’s US cotton imports are expected to decline sharply due to a larger domestic crop and resultantly, commitments to Turkey are down, but US market share is likely to remain stable. (AR)

Fibre2Fashion News Desk – India


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