Cotton Consumption In The 2013/14 Quarter Is Estimated At 23 Million 700 Thousand Tonnes.

< p > according to the International Cotton Advisory Committee (ICAC), according to the cotton price index (Cotlook A Index), cotton prices averaged 93 cents per pound in August this year, while the average weight of polyester fiber in mainland China is 76 cents per pound, which is fifth consecutive times, and cotton price is much higher than that of polyester fiber in mainland China. According to this spread, cotton will continue to lose its market share this season. ICAC said that the spinning price is more important than that of the spinning industry. Despite the loss of market share, according to the latest forecast, the global cotton consumption in the 2013/14 season is still increasing in absolute terms, with an estimated quantity of 23 million 700 thousand tons. < /p >
< p > because of the influence of cotton purchase and storage policy (keeping cotton price higher than the price of human fiber), the amount of cotton used in factories in China is on the decline, but this has greatly increased the volume of factory consumption in other countries. Cotton production in the 2013/14 quarter was estimated at 25 million 600 thousand tons, down 3.5% from the previous quarter. The reduction of cotton production in the world will probably be attributed largely to the decrease in US production; the US output has dropped by 900 thousand tons, that is, output has declined by 25%. As for mainland China and Uzbekistan, the output forecast for the 2013/14 season has not changed. The global cotton trade volume forecast will be reduced by 1 million tons to less than 9 million tons, and its main plateau will be reduced almost as much as that in the mainland of China. < /p >
< p > besides, besides the French African countries (the so-called CFA countries and the increase of cotton production in the 2013/14 season), shipments of all major cotton exporters will decline, so the export situation reflects the rising trend of cotton prices. The cotton price index (Cotlook A Index) predicts that the average price of cotton in the 2013/14 season is between 85-126 cents per pound and the middle price is 103 cents. At the same time, it is predicted that by the end of July 2014, the end of the world inventory will climb to 19 million tons. In addition, the estimated volume of factory cotton in the 2011/122012/13 and 2013/14 seasons in India and Pakistan is estimated to be lower, resulting in higher world end inventory and lower cotton price index. < /p >