Amongst others, Cotton Incorporated revealed that at the world-level, estimates for supply and demand were nearly unchanged in the latest report. The global production figure was reduced only 17,000 bales (to 119.2 million). The global mill-use figure was increased 85,000 bales (to 111.0 million). With production and consumption essentially unchanged, the global ending stock figure was essentially stable (+27,000 bales) at 110.1 million bales. At the country-level, there were several notable revisions to production estimates. The largest change was for India, where the harvest figure was reduced 500,000 bales (to 30.0 million).<\/p>\n
As has been the case for the past several crop years, China and Chinese cotton policies can be expected to be influential on cotton prices around the world in 2015\/16. A minor revision to the current support program for Xinjiang (60% of 2014\/15 domestic production according to China\u2019s National Bureau of Statistics) was announced last week. This change reduced the price guaranteed to Xinjiang producers by 700 RMB\/ton to 19,100 RMB\/t (2,900 EUR).<\/p>\n
The USDA estimates that China will have 65.1 million bales of cotton stored in warehouses at the end of the 2014\/15 crop year (186% of 2014\/15 mill-use), which is more than sufficient to make up for any production deficit. An eventual announcement for Chinese reserve sales will most likely influence global price direction for cotton.<\/p>\n","protected":false},"excerpt":{"rendered":"
Amongst others, Cotton Incorporated revealed that at the world-level, estimates for supply and demand were nearly unchanged in the latest report. The global production figure was reduced only 17,000 bales (to 119.2 million). The global mill-use figure was increased 85,000 bales (to 111.0 million). With production and consumption essentially unchanged, the global ending stock figure […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[],"supplier":[7534,8400],"class_list":["post-25641","post","type-post","status-publish","format-standard","hentry","category-bio-based","supplier-cotton-incorporated","supplier-usda"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/25641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=25641"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/25641\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=25641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=25641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=25641"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=25641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}