ICAC: China Absorbs Large Portion of Global Crop

China Cotton

Global cotton production is forecast 8% higher in 2011/12, compared with 2010/11, at 26.8 million tons, yet consumption could decline by 2% to 23.9 million tons. As a result of the projected surplus of 2.9 million tons, global cotton stocks could climb to 11.9 million tons by the end of 2011/12, according to the International Cotton Advisory Committee (ICAC). This build up follows two seasons of relatively tight global stocks.

The lack of demand for cotton, combined with ample stocks globally, is placing downward pressure on cotton prices.

About 40% of the gain in global stocks this season could take place in China, due to the rebuilding of its national reserve. Between Oct. 8 and Dec. 30, 2011, a total of 2.1 million tons of domestic cotton were purchased for the China national reserve. Daily purchases are continuing. There is no set limit on the amount of domestic cotton that the national reserve can purchase this season. In addition, it is reported that about 1 million tons of non-Chinese cotton has been bought for the reserve. This cotton will be shipped to China over the next few months.

The national reserve, which was almost exhausted by the end of 2010/11, could grow by at least 3 million tons, or 11% of 2011/12 global production. It is possible that some of the reserve cotton will be sold later in the season. Outside of China, cotton stocks are expected to grow by 26% to 8.7 million tons in 2011/12, the highest amount in four years.

Leave a Reply

Uncategorized Stories

Product News

Deltapine Announces Class of 15 Cotton Varieties

December 16, 2014

Deltapine has announced two new high-yielding cotton varieties for its Class of 15, with several potential varieties awaiting regulatory approvals of the Bollgard II XtendFlex technologies.

Cotton Production

Terminate Cotton Irrigation at First Cracked Boll

August 26, 2014

Darrin Dodds, Mississippi State Extension cotton specialist, says that when growers see the first cracked boll in their cotton fields, it’s time to terminate their irrigation program.

International

USTER Debuts Total Contamination Control System

June 17, 2014

Uster Technologies is integrating existing USTER applications with systems from the recently-acquired Jossi Systems AG provide a Total Contamination Control system for spinners.

Uncategorized

Chinese Mills Exodus China

January 17, 2014

In an ongoing trend that has Chinese mill operators looking to lower production costs, many are relocating operations to less

Uncategorized

German Textile Manufacturers Display Their Wares in India

December 19, 2013

Germany, one of the world’s top textile machinery-producing countries, added to its already excellent reputation during a recent conference in

Uncategorized

Cotton Waste to Be Used as Custom Biodegradable Packaging

December 11, 2013

Proprietary agricultural waste blends provided by U.S. Department of Agriculture (USDA) scientists to industry partners are being used in a new process that literally grows custom packaging products.

Uncategorized

World Yarn and Fabric Production up in Q2 2013

November 6, 2013

According to the International Textile Manufacturers federation (ITMF) State of the Trade Report for Q3, the estimated performance in Q3

Around The Gin

Product News

Deltapine Announces Class of 15 Cotton Varieties

December 16, 2014

Deltapine has announced two new high-yielding cotton varieties for its Class of 15, with several potential varieties awaiting regulatory approvals of the Bollgard II XtendFlex technologies.

Precision Technology

NORAC Hybrid Mode Receives U.S. and European Patent Approval

December 8, 2014

NORAC Systems International Inc.’s Hybrid Mode in-crop spraying feature has received patent approval in the U.S. and Europe.

Product News

Americot Adds Another High Yielder for 2015

November 24, 2014

Americot rode to success on the performance of two top varieties in 2014. For 2015, the company is adding another workhorse variety to the stable.

Product News

CROPLAN a Brand to Watch for 2015

November 21, 2014

Growers familiar with CROPLAN corn and soybean varieties in the South may want to keep an eye on the company’s cotton program, too.

Product News

Deltapine Focused on Raising the Yield Bar in 2015

November 17, 2014

No brand of cotton seed was planted on more acres in 2014 than Deltapine. So it stands to reason that the company’s variety researchers are preparing to introduce monumental changes to their seed lineup in 2015.

Product News

Growth Continues for Dyna-Gro and All-Tex

November 13, 2014

Crop Production Services has put a two brand approach in place for its Dyna-Gro and All-Tex brands of cotton. And their varieties are getting stronger each year.

Product News

PhytoGen Gaining Foothold in West Texas Market

November 12, 2014

In a year that saw PhytoGen introduce several new varieties to the Cotton Belt, an old standard once again stole the headlines as the company looks to gain more of the Southwest market.

Product News

Monsanto, Sumitomo and Valent Extend Crop Protection Partnership

November 10, 2014

Monsanto, Sumitomo Chemical and Valent U.S.A. have agreed to extend their strategic partnership in Monsanto’s Roundup Ready PLUS Crop Management Solutions platform for U.S. cotton and soybeans.

Latest News

Cotton Production

Terminate Cotton Irrigation at First Cracked Boll

August 26, 2014

Darrin Dodds, Mississippi State Extension cotton specialist, says that when growers see the first cracked boll in their cotton fields, it’s time to terminate their irrigation program.

International

USTER Debuts Total Contamination Control System

June 17, 2014

Uster Technologies is integrating existing USTER applications with systems from the recently-acquired Jossi Systems AG provide a Total Contamination Control system for spinners.

Uncategorized

Chinese Mills Exodus China

January 17, 2014

In an ongoing trend that has Chinese mill operators looking to lower production costs, many are relocating operations to less

Uncategorized

German Textile Manufacturers Display Their Wares in India

December 19, 2013

Germany, one of the world’s top textile machinery-producing countries, added to its already excellent reputation during a recent conference in

Uncategorized

Cotton Waste to Be Used as Custom Biodegradable Packaging

December 11, 2013

Proprietary agricultural waste blends provided by U.S. Department of Agriculture (USDA) scientists to industry partners are being used in a new process that literally grows custom packaging products.

Uncategorized

World Yarn and Fabric Production up in Q2 2013

November 6, 2013

According to the International Textile Manufacturers federation (ITMF) State of the Trade Report for Q3, the estimated performance in Q3

Uncategorized

Ingredient Branding Gains Traction in Textile Marketing

November 6, 2013

Ingredient branding – the term for identifying individual components in the final, finished product – is becoming a potent marketing

Uncategorized

Technical Textiles See Slow, Steady Growth

October 30, 2013

While it still hasn’t returned to its high point in 2008, the worldwide technical textiles market continues to show slow

Uncategorized

India Needs Additional Raw Material to Boost Technical Textiles

October 14, 2013

During his address at the recent Techtextil Symposium in Mumbai on October 4, Giuseppe Gherzi stated that India is limited

Uncategorized

Popular Fibre Session Highlights Opening Day of ITMF Conference

September 17, 2013

The Fibre Session is one of the most eagerly awaited highlights of each year’s conference of the International Textile Manufacturers

Uncategorized

Uzbekistan, Bangladesh Reach Bilateral Agreement

August 5, 2013

At first glance, the recently announced agreement between Uzbekistan and Bangladesh doesn’t seem strange at all. The agreement itself is

Uncategorized

ICAC: Colombian Cotton Market In Decline

July 31, 2013

Cotton cultivation in Colombia has deteriorated due to decreasing demand from both the domestic and global textile industry as well

Uncategorized

Topics of ITMF Annual Conference Announced

July 10, 2013

The ITMF Annual Conference 2013 will be held in Bregenz, Austria from September 8-10, 2013. The theme of the conference,

Uncategorized

A Glimpse into China’s Cotton and Textile Industries

June 19, 2013

Two major industry events were held in China earlier this month, and Cotton International was there to get the inside

Uncategorized

Global Yarn Output Down in Q4 2012

May 8, 2013

Yarn production increased in Europe in Q4 2012, but it was not enough to offset lower output in Asia, North