International Cotton Advisory Committee

Global cotton stockpiles rise as pandemic curtails usage

Between stay-at-home orders and massive job losses due to the coronavirus, consumers are shunning apparel purchases, with the impact being felt all the way to the farm level, said the International Cotton Advisory Council on Monday. (No paywall)

After a flat year, global cotton consumption to rise 3 percent

The rising price of man-made fibers will make cotton more attractive to the apparel industry and boost global cotton consumption by 3 percent this market year, said the International Cotton Advisory Committee.

Cotton stockpile grows despite higher demand for the fiber

Two of the major fibers available to clothing manufacturers are cotton and polyester. Cotton is becoming more price-competitive against petroleum-based polyester, which should boost global demand for the field-grown fiber, but it won't stop a build-up of cotton supplies, says the International Cotton Advisory Committee.

Uptick in global cotton crop will flatten prices

The prevailing high prices for cotton “are expected to encourage farmers to expand the area under cotton by 5 percent, to 30.8 million hectares, in 2017/18,” says the International Cotton Advisory Committee.

Cotton prices on the rise, so is global production

Five nations – India, China, the United States, Pakistan and Brazil – account for three-fourths of global cotton production and all of them, except for China, will expand output in the current trade year, says the International Cotton Advisory Committee. With harvests forecast to rise by 8 percent worldwide, there will be pressure on cotton prices during the final half of the year.

Currency turmoil in India strengthens cotton prices worldwide

World cotton prices were boosted by a smaller-than-expected 2015/16 crop and remain high despite a larger harvest this year, says the International Cotton Advisory Committee, pointing to currency turmoil in India. "The currency crisis ... is exacerbating the situation, since that country is the world's largest producer of cotton and the second-largest exporter," says the intergovernmental body.

China to restrict cotton imports in 2017 as it attacks surplus

The world stockpile of cotton reached a record 22.2 million tonnes, with nearly 60 percent of it held by China. The government sold 2 million tonnes of surplus cotton from May to September of this year and the International Cotton Advisory Committee estimates China will sell an additional 1.7 million tonnes, partly because it is restricting the domestic supply by holding imports to the minimums required under trade agreements.

Cotton glut is worked down in China, worldwide

China has sold around 1.6 million tonnes of cotton from its state-owned reserve since daily auctions began in May, sharply reducing the burdensome stockpile, said the International Cotton Advisory Committee.

China cuts back on cotton, U.S. expands

At the same time China is whittling down its huge cotton surplus, high production costs will discourage its farmers from growing the fiber this year, says the International Cotton Advisory Committee. "Area in China is expected to decrease by 10 percent, to 3.1 million hectares in 2016/17," says ICAC, and with normal yields "production would fall by 10 percent, to 4.6 million tonnes."

Polyester beats cotton; will Vietnam beat China?

Low oil prices are translating into low prices for polyester fiber, especially in China, which produces nearly three-fourths of the world's polyester, says the International Cotton Advisory Committee.

Slow down in cotton usage will keep global stocks high

With the IMF lowering its forecast of global economic growth, there will be less demand for cotton and cotton stockpiles will remain large and prices stubbornly low, says the International Cotton Advisory Committee. In a monthly report, the intergovernmental body said cotton prices would average 70 cents a pound this marketing year, compared to 71 cents in the previous season.

China’s share of cotton market shrinks by two-thirds

Burdened by a two-year supply of cotton in its warehouses, China is scaling back dramatically on imports of the fiber. The International Cotton Advisory Council estimates China will import less than 1.4 million tonnes of cotton during this marketing year, down 24 percent from last year.

Glutted with cotton, China likely to limit imports again

China is likely to restrict cotton imports to the minimum required under world trade rules for the second year in a row as it tries to work down a massive surplus of the fiber, says the International Cotton Advisory Committee.

Enigmatic China key to drawing down global cotton glut

China, the world's largest buyer and consumer of cotton, also owns a huge stockpile of the fiber and is the central figure in determining if market prices will remain stable in the coming year, although at low levels, says the International Cotton Advisory Committee.

World cotton crop down 9 percent due to low prices

The cotton harvest worldwide will drop by 9 percent this year as growers plant less land because of low market prices for the fiber, says the International Cotton Advisory Council.

U.S. cotton stocks to soar as world trade slows

The global cotton surplus will climb by 11 percent this marketing year to nearly 22 million tonnes, says the International Cotton Advisory Committee. China, the world's largest importer, is limiting imports while trying to use up some of its large reserves

World cotton crop may be smallest in six years

Low market prices will reduce cotton planting by 6 percent worldwide and result in the smallest harvest in six years, says the International Cotton Advisory Committee.

U.S. cotton output to plunge under weight of low prices

U.S. growers will curtail cotton plantings due to the lowest prospective prices in six years with the harvest to contract by 13 percent from its 2014 total, according to a survey of growers by the National Cotton Council. The survey, completed in mid-January, pointed to a crop of 14 million bales vs 16.08 million bales last year. That would make it the third-smallest in a decade. Plantings would total 9.4 million acres, down 15 percent.

Large cotton surplus, low prices are a multi-year problem

The world cotton surplus will top 21 million tonnes at the end of this marketing year, an 87 percent stocks-to-use ratio, says the International Cotton Advisory Council.

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