China'S Decline In Demand For Cotton Has Led To A Reduction In Global Cotton Trade.

According to reports: International

The Advisory Committee (ICAC) said that due to the decline in demand for cotton in China, the current global cotton trade volume in the current season is expected to fall by 21% to 7 million 700 thousand tons.

But ICAC also claims that imports from other countries, except China, may rebound by 18%.

According to reports, the International Cotton Advisory Committee said that the overall market supply and usage of global cotton in the 2012 to 2013 fiscal year were rather bleak.

2012 to 2013 fiscal year global cotton production and

The use of the plant is estimated to be 25 million 900 thousand tons and 23 million 400 thousand tons respectively, which may lead to more than 2 million 400 thousand cotton supply in the financial year.

Although the market price of cotton in the 2011 to 2012 fiscal year has dropped significantly, the global cotton output is expected to drop by only 5% during the current season.

As cotton market prices exceeded their average prices during cotton planting, and some governments of cotton producing countries adopted loose policies for cotton planting, coupled with good climatic conditions, there was no significant reduction in cotton planting area worldwide.

Driven by lower cotton prices, cotton use in global textile mills could increase by 3% during the 2012 to 2013 fiscal year.

However, it is expected that the global economy that is still at a slow pace of development will affect the retail purchasing price of textile products to a certain extent.

At the same time, China's weak domestic spinning industry also affects the amount of cotton used by the global textile mills to a certain extent.

Compared with other countries except China, the higher local cotton prices are hitting the profitability of China's textile mills.

It is understood that global cotton stocks in the 2012 to 2013 fiscal year are expected to hit a new high of 16 million 400 thousand tons, an increase of 17% over the previous season.

Contrary to the previous season, the majority of global cotton stocks are rising in the current season without the case of China.

At present, the use of cotton in the textile industry is shifting from China to other Asian countries at the geographical location. However, it is predicted that its actual pfer range will take some time due to the lag of cotton consumption data supported by relevant data and the difficulties that some countries will encounter in obtaining these data.

China cotton yarn

The volume has increased significantly since the beginning of 2012.

The main leaders of the International Cotton Advisory Committee currently predict that India, Pakistan, Bangladesh, Uzbekistan, Indonesia, Vietnam, Thailand and other countries will increase their use of cotton in textile mills from 2012 to 2013.