Sign in | Join free

China still dominates world’s cotton market – icac

China still dominates world’s cotton market – icac Source: www.fibre2fashion.com
Date: 04-01-2014
Visits: 1076
Very Poor

Cotton plantings for 2014/15 will start in a few months in the northern hemisphere, which accounts for about 90% of world production. World area is expected to decline due mostly to the expected decline in China.
 
In 2013/14, the Secretariat estimates that China’s cotton area is 4.6 million hectares, a decrease of 8% from 2012/13 and a further decline to 3.9 million hectares is expected for 2014/15.
 
However, this may change as planting does not start until March, and on December 26, Xinhua News reporting on a rural work conference indicated that trial subsidies for cotton and soybeans may be part of China’s reforms for agriculture to be implemented next year.
 
Global cotton mill use is expected to continue growing in 2014/15, on the basis of continued recovery in global economic growth. However, a small gain in cotton prices could constrain the increase in demand for cotton, particularly if the price of polyester remains low.
 
While the divergence between cotton production and consumption is expected to narrow in 2014/15, there is still a significant global supply of cotton and stocks are growing. World stocks at the end of the current season are forecast to be 20 million tons, 56% of which will be in China. As of December 27, China’s reserve holds 11.8 million tons of cotton.
 
World trade is expected to decline in 2014/15 by 9% to 7.7 million tons, due in large part to the continuing decline of China’s imports. Although China’s production is expected to be lower in 2014/15, its consumption is also declining and its government currently holds enough stock for one-and-a-half years without any further imports or production.
like 261 Unlike 29
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Comment:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32342 Users
have already joined suntexasia.com. Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Email
Password
Enter the code
bflya
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
 
Members Login
Already registered
Email
Password
Forgot your password
golden fees
Enter your e-mail address
Choose your room