Home / Knowledge / News / Textiles / US cotton exports rise on China demand: USDA report

US cotton exports rise on China demand: USDA report

23
Jan '21
Pic: USDA/FAS
Pic: USDA/FAS
Despite US cotton production falling 5 million bales from the previous year, the country's exports are forecast at 15.25 million bales for the ongoing marketing season 2020-21 that began in August. In the five months to December, China has accounted for almost half of US cotton exports, with the country’s total imports forecast at 10.5 million bales.

China's cotton import this season is expected to reach the highest level in seven years. Moreover, China’s consumption is expected to recover 5.5 million bales from the previous year and reach 38.5 million bales, accounting for more than one-third of world use in 2020-21, the Foreign Agricultural Service of the US department of agriculture (USDA) said in its January 2021 report on 'Cotton: World Markets and Trade'.

The demand for US cotton in China has been mostly led by the State Reserve and State-owned Enterprises (SOEs), which have likely accounted for more than three-fourths of total imports of US cotton thus far in 2020-21. "Instead of sourcing from Brazil, the primary supplier in the previous two marketing years, the State Reserve and the SOEs have returned to the United States likely in part spurred by the Phase One Agreement," the report said.

Despite higher US prices relative to Brazil and India (second and-third-largest exporters forecast in 2020-21), US sales and shipments to China through December exceeded the previous year by more than 2.3 million bales. These export volumes are notable considering higher exportable supplies for Brazil and India, where both countries have record carrying and Brazil’s 2020-21 exports are forecast at a record, the report added.

Australia, another significant supplier to China, witnessed exportable supplies decimated by a 2020 drought. Like the United States, Australia is a significant supplier of high-quality cotton to the world’s largest importer. "In addition, a recent political dispute between it and China has diminished demand for Australian origin and boosted imports of US cotton," the USDA report said.

As a result of resilient China demand, US cotton exports are forecast to be mostly unchanged from the previous year, despite fewer shipments and sales to Vietnam and Bangladesh.

Fibre2Fashion News Desk (RKS)


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Feb 2021

ITC supports boosting Tajik textile-clothing sector's

As part of the International Trade Centre’s (ITC) intensive training...

Pic: Shutterstock

Retail | On 26th Feb 2021

UK athleisure order volumes rise since pandemic started

The lockdown has boosted UK athleisure sales, while a lack of social...

Pic: Shutterstock

E-commerce | On 26th Feb 2021

Digital savvy firms germane to buyers in post-pandemic era:

A paradigm shift towards digitisation was already under way before...

Interviews View All

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Fabio Grandis,

Fabio Grandis

Italian company Grandis SRL has been operating in the textile industry for ...

Neeraj Sharma,

Neeraj Sharma

Headquartered in Surat, Gujarat, Orange O supplies digital textile...

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

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


February 2021

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


Advanced Search