The latest U.S. Department of Agriculture (USDA) estimates for 2013/14 project world cotton stocks to reach a new record at 93.8 million bales, 7.4 million bales above the previous season.
Stocks this season are expected to rise for the fourth consecutive year as global cotton production continues to exceed mill demand and China’s cotton policies continue to support domestic prices above world prices.
While world stocks are expected to rise 9 percent in 2013/14, the growth continues to occur in China, with a large supply placed in China’s national reserve and unavailable to the rest of the world. These reserve stocks are expected to account for nearly 80 percent of China’s total stocks in 2013/14.
In 2010/11, China’s 21-percent share of global stocks was its lowest in twenty years. By the end of 2013/14, however, China’s share is projected to nearly triple to 62 percent. At the same time, the share of stocks outside of China is forecast to decline for the third consecutive season to 38 percent.
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