Cotton crunch fueled by Asian imports

Washington – With China , India and Pakistan sucking up world cotton stocks as the most important textile manufacturing nations, those three countries combined now represent two-thirds of all world cotton consumption while they produce only half of the world's supply of the fiber.

In a monthly update of its annual supply and demand forecast, the International Cotton Advisory Council (ICAC), a worldwide consortium of cotton growers, said China, India and Pakistan will produce roughly 13 million tons of cotton during the current cotton year (2006/07), somewhat more than half of the 25.0 million tons of cotton forecast to be produced, setting a new industry benchmark.

Combined, the three nations will consume about 16 .6 million tons, or 65% of the entire supply of the entire world supply, said the cotton cartel. World cotton consumption is forecast to reach a level of 25.6 million tons this year , up about 3.3% from last year.

C onsumption worldwide is expected to outstrip production this year, and yet again during the 2007/08 cotton-growing year, said the ICAC. At a level of 25.6 million tons, cotton consumption this year is forecast to exceed production of 25.0 million tons by about 2.4%. Ditto next year, said the cotton growers, with consumption pegged at 26.2 million tons, about 1.9% forecast production of 25.7 million tons.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Why you should go to Shanghai for Intertextile Home Textiles

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT digital edition

See the June 2017 issue of Home & Textiles Today. In this issue, we discuss how U.S, ports are gearing up for the future, and what to expect from second half trade shows. See details!