Date Posted: 02 Jan, 2014
Global cotton mill use is expected to continue growing in 2014/15, on the basis of continued recovery in global economic growth. However, a small gain in cotton prices could constrain the increase in demand for cotton, particularly if the price of polyester remains low.
While the divergence between cotton production and consumption is expected to narrow in 2014/15, there is still a significant global supply of cotton and stocks are growing. World stocks at the end of the current season are forecast to be 20 million tons, 56% of which will be in China. As of December 27, China’s reserve holds 11.8 million tons of cotton.
World trade is expected to decline in 2014/15 by 9% to 7.7 million tons, due in large part to the continuing decline of China’s imports. Although China’s production is expected to be lower in 2014/15, its consumption is also declining and its government currently holds enough stock for one-and-a-half years without any further imports or production.
The ICAC Secretariat sends their best wishes to all in the cotton and other natural fiber industries for the New Year.
| WORLD COTTON SUPPLY AND DISTRIBUTION | |||||||
| 2012/13 | 2013/14 | 2014/15 | 2012/13 | 2013/14 | 2014/15 | ||
| Changes from previous month | |||||||
| Million Tons | Million Tons | ||||||
| Production | 26.84 | 25.75 | 24.84 | -0.04 | 0.11 | 0.02 | |
| Consumption | 23.34 | 23.76 | 24.54 | 0.00 | -0.01 | -0.01 | |
| Imports | 9.71 | 8.53 | 7.74 | 0.00 | 0.09 | -0.02 | |
| Exports | 10.03 | 8.53 | 7.74 | 0.03 | 0.09 | -0.02 | |
| Ending Stocks | 17.79 | 19.78 | 20.07 | -0.65 | -0.54 | -0.52 | |
| Cotlook A Index* | 88 | 91 | |||||
Dr. Elsie Sia Kanza is the current Ambassador Extraordinary and Plenipotentiary of the United Republic of Tanzania to the United States of America and Mexico. Prior to that role, Ambassador Kanza served as Special Advisor to the President of the World Economic Forum, and, before that, Head of Africa and Member of Executive Committee for 10 years championing growth and development in Africa leveraging public private collaboration. In 2015, She was awarded a Doctorate in Business Administration (honoris causa) by the University of Strathclyde for the transformative impact achieved in Africa.
Alison Ward has over 30 years of international experience in sustainability and corporate affairs. Alison is the CEO of CottonConnect, where she leads a team of over 100 employees, impacting the lives of over 800,000 cotton farmers in India, China, Pakistan, Turkey, Egypt and Bangladesh. Under Alison’s leadership the organization: drives supply chain transparency connecting sustainable fibres from farm to store; focuses on the rights and skills of women in supply chains through pioneering gender programmes; and continues to develop innovations at a farm level. She leads cotton strategies and programmes for global brands and retailers.


Name: Mary Concilia Anchang
Besim Özek
SIDDHARTHA RAJAGOPAL, Executive Director – TEXPROCIL