India sees the possibility of surpassing Chinese cotton output of 6 million tons by touching 6.3 million tons in 2014-15. As China, the largest producer of cotton is expected to witness a decline by 10 percent from 6.7 million tons in 2013-14 to six million tons in 2014-15 mainly due to the Chinese governmentâ€™s decision to according to the International Cotton Advisory Committee.
The decline in Chinese cotton production will be seen mainly over the Chinese governmentâ€™s decision to constrain its support to Xinjiang region, Chinaâ€™s top cotton growing area, for cotton. Due to this, area outside the region is expected to see a substantial fall in its cotton output.
According to ICAC, although lower cotton prices are welcomed by the mills in China, a lot of damage has been done to the industry in the last few years by the Chinese governmentâ€™s cotton policy.
The reserve policy of China only led to decline in mill consumption. However, in 2014-15, the decline in consumption in China is expected to slow, falling by just one percent to 7.8 million tons.
Chinaâ€™s decline will be partially offset by imports from Bangladesh, Indonesia and Vietnam, which are expected to import a total of 2.4 million tons in 2014-15.
India, Pakistan and Turkey, the three next largest consumer are all expected to see growth in their mill use in 2014-15.
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
Countries Served Worldwide