Global 2013/14 cotton imports are forecast at 38.4 million bales, down 18 percent from the previous year, as moderate import increases in Mexico, Pakistan, Turkey, and Vietnam are more than offset by a large decline in China.
Mexico is forecast to import 1.2 million bales in 2013/14, up 20 percent from a year ago.
Pakistan and Vietnam are forecast to import 3.0 million bales and 2.5 million bales, respectively, in 2013/14, an increase of 11 percent and 9 percent from the preceding year. Turkey’s 2013/14 imports are projected at 4.0 million bales, up 8 percent from a year ago.
China—the world’s leading cotton importer—is forecast to import 11.0 million bales in 2013/14, down 45 percent (9.0 million bales) from the previous year; sharply lower imports by China are driven mainly by anticipated constraints on the world’s exportable supplies.
The expected decline in China’s 2013/14 cotton imports will reduce its share of world imports to 29 percent, compared with a global share of 43 percent in the previous year.
Exports are projected to decline in 2013/14 across major exporting countries. Australia and Brazil are forecast to export 4.2 million bales and 2.6 million bales, respectively, in 2013/14, down 26 percent and 42 percent from the preceding year; these reductions are due mainly to expected lower stocks on hand at the beginning of the season.
Greece and India are forecast to export 925,000 bales and 5.7 million bales, respectively, in 2013/14, down 25 percent and 21 percent from the previous year. The United States—the world’s top cotton exporter—is expected to export 11.0 million bales in 2013/14, down 19 percent from the previous year.
United States Department of Agriculture
Middle East News
- Media Information: Autefa Solutions announces new agency for the Indian market
- Denimsandjeans India to discuss trend of unisex denim
- RBI keeps repo rate unchanged at 6%
- Maharashtra cabinet approves textile policy for 2018-23
- UAE has the lowest VAT regionally and globally
- Costs rise at sharpest pace for UAE’s private sector businesses
- Budget 2018-19: Customs duty on silk fabric hiked to 20%
- Reduction in tax for MSMEs to benefit TN textile firms
- Budget: TEA hails Rs 7148cr allocation for textile sector
- Indian textile industry hails budget with some scepticism
- Arvind Q3 revenue up 16% at Rs 2,706 crore
- Amazon infuses 1,950 cr fresh capital to India operations
- Indian brand Ekaya at Paris Haute Couture Week
- E-commerce platform for artisans in India's Kashmir
- SRTEPC honours RIL with 5 gold trophies
- Indian economy to grow at 7.3% in FY 2018-19: World Bank
- Wazir Advisors Introduction
- 10 Reasons to Invest in Textile Sector in India
- India’s Standing in Global Textile and Apparel Industry
- India: A Land of Opportunities
- Patterns, images and colors demanded in the Iranian carper markets
- CE certificate or sign on the carpet; Indicator of product quality or inaudible imprint of international clarification
- The classification of textile floorings In terms of fire-taking behavior according to the provisions of European Union
- Remain unknown the place of modern carpet design