Home / Knowledge / News / Textiles / USDA Dec world cotton crop estimates down 13%
USDA Dec world cotton crop estimates down 13%
19
Dec '15
In its latest December report, USDA has forecast world cotton production in 2015/16 at 103.7 million bales, 13 per cent below last season, as lower area combined with a reduced yield push the global crop to its lowest since 2009/10.

“Considerable production declines in 2015/16 for all of the major producers reduce the world crop by more than 15 million bales,” the report added.

Global harvested area is estimated at 31.2 million hectares, compared with 34.0 million hectares in 2014/15, while world cotton yield is forecast at 723 kg/hectare, compared with 763 kg/hectare last season.

Production for the top two producers, India and China is projected to account for a combined 51 per cent of the world total, with forecasts of 28.5 and 24.3 million bales, respectively.

For India, the 2015/16 crop is in its second year of decline and matches 2012/13's production and lower area coupled with higher yields combine to reduce India's production one million bales in 2015/16.

“The decline is more dramatic for China, as production is forecast to fall 5.7 million bales in 2015/16 to 24.3 million bales,” USDA stated.

With total area declining and area moving out of the lower yielding regions of China, the national yield is forecast at a record 1,534 kg/hectare.

Pakistan's crop is projected at 8.0 million bales in 2015/16, nearly 25 percent below last season, due to reduced area and yield.

Harvested area in Pakistan is estimated at 2.8 million hectares, the lowest in five years as insect damage, as well as reduced pickings, is expected to keep the national yield at 622 kg/hectare, 100 kg/hectare below the 5-year average.

“World mill use is expected to rise 0.9 per cent in 2015/16, its fourth consecutive annual increase, however, this would also be the third consecutive year world cotton consumption has grown more slowly than its long run average growth rate of 1.8 per cent,” USDA averred.

World cotton stocks are expected to decline by 7.6 million bales in 2015/16, their first decline in six years.

Despite the decline, expected world stocks are extraordinarily high or equal to 94 per cent of world consumption, which is more than double the average ratio of stocks to consumption that prevailed over seasons between 1980/81 and 2010/11.

According to USDA, the increase in stocks over long run levels is almost entirely attributable to the accumulation of cotton in China's national reserve in the course of supporting its domestic cotton prices.

Stocks outside of China in 2015/16 are expected to equal 35 per cent of world consumption, versus a 1980/81 to -2010/11 average of 31 per cent.


Must ReadView All

UK, EU agree to take more time for Brexit deal

Textiles | On 19th Oct 2018

UK, EU agree to take more time for Brexit deal

After an ongoing Brexit summit produced no tangible results, European ...

Courtesy: Pexels

Textiles | On 19th Oct 2018

US announces intent for trade deals with Japan, EU, UK

US Trade Representative Robert Lighthizer recently notified the...

Courtesy: Turtle Limited

Fashion | On 19th Oct 2018

'We are trying to imbibe multi-utility factor in menswear'

Turtle Limited, a leading Indian brand in menswear fashion, is trying ...

Interviews View All

Rahuul Jashnani, Jashn

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


October 2018

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

news category


Related Categories:

Advanced Search