Home / Knowledge / News / Textiles / World ending cotton stocks to decline 8% - ICAC
World ending cotton stocks to decline 8% - ICAC
02
Mar '16
According to the ICAC, world ending cotton stocks are expected to decline 8 per cent to 20.4 million tons, which makes up for around 86 per cent of global cotton use in 2015/16.

“This is the first reduction in world ending stocks since 2009/10,” ICAC informed in a press release.

China's ending stocks are forecast to decrease by 7 per cent to 12 million tons, while ending stocks for the rest of the world are expected to decline by 9 per cent to 8.4 million tons.

“However, this reduction in stocks is due to a 15 per cent decline in world cotton production, estimated at 22.2 million tons, and not due to growth in consumption,” the cotton body observed.

“In fact, world cotton consumption is projected to decrease by 2 per cent to 23.9 million tons, as low polyester prices, the main competing fibre, has hurt world cotton consumption in 2015/16,” it explained.

Cotton consumption in China, the world's largest consumer, has declined continuously since 2009/10 when it reached just over 10 million tons.

In 2015/16, cotton consumption in China is forecast at 7.1 million tons, down 5 per cent from last season, while India's cotton consumption too is expected to drop 2 per cent to 5.3 million tons.

Cotton consumption in Pakistan is projected to dip 12 per cent to 2.2 million tons due to weakened demand from China and the low volume of cotton production this season keeping domestic cotton prices firm.

In contrast, consumption in Vietnam may increase 22 per cent to 1.1 million tons in 2015/16 as China continues to invest in spinning mills there and Bangladesh's mill use is forecast to expand 13 per cent to 1.1 million tons.

As per ICAC, in 2016/17, world cotton consumption is projected to remain stable as modest growth in the top consumers outside of China offsets the decline in China's cotton consumption.

Aside from Australia where production is forecast to increase by 6 per cent to 546,000 tons, cotton production in the top 10 cotton producing countries all declined in 2015/16.

World cotton area contracted by 8 per cent to 31.2 million hectares as low cotton prices in 2014/15 and higher prices for competing crops discouraged farmers from planting cotton.

Adverse weather in many countries led to the world average yield decreasing by 7 per cent to 711 kg per hectare and India's cotton production fell 7 per cent to just under 6 million tons.

Production in China decreased for the fourth consecutive season by 20 per cent to 5.2 million tons and in the United States by 21 per cent to 2.8 million tons.


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

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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