Cotton

China And India Lead Global Cotton Production, But Market Faces Diverging Trends

Textile Insights September 10, 2024

The latest U.S. Department of Agriculture (USDA) cotton projections for the 2024/25 season (August–July) indicate an increase in global cotton ending stocks, expected to rise by 1.8 million bales (2.4 percent) from the previous year to 77.6 million bales. This growth in stocks is attributed to

Cotton

USDA Lowers 2024/25 U.S. and Global Cotton Estimates

Textile Insights August 15, 2024

The USDA’s latest report for the 2024/25 cotton season indicates a significant reduction in U.S. cotton figures. U.S. cotton production is forecasted at 15.1 million bales, a drop of 1.9 million from the previous estimate. The report cites a decrease in planted area by 500,000 acres, now totaling 8.6 million acres due to a 23% […]

Cotton

Xinjiang Cotton Crisis Forces Chinese Textile Firms To Adapt

Textile Insights August 15, 2024

Hong Yongcheng, a towel factory owner, has shifted production to Xinjiang amid heightened restrictions on Chinese imports, particularly affecting US-bound goods. With American buyers hesitant to renew orders due to these restrictions, Hong’s decision was driven by cost-cutting measures rather than a strategy to regain foreign markets. “I don’t see much hope in

Cotton

Global Cotton Market Outlook: Demand And Production Projections 2024-2033

Textile Insights August 10, 2024

The global cotton market is set for significant growth over the next decade, driven by rising consumption and advancements in production techniques, according to OECD-FAO Agricultural Outlook 2024-2033 report. Cotton consumption is forecasted to increase by 1.7% annually, fueled by population growth and higher incomes, particularly in middle- and low-income countries. Key

Cotton

CITI And ILO Collaborate To Promote Rights At Work Among Cotton Farmers

Textile Insights August 10, 2024

India, the second-largest producer and consumer of cotton globally, cultivates cotton across 11 major states with about 6.5 million farmers, including 40% women and numerous migrant labourers on leased land. Given the sector’s vulnerabilities, CITI and ILO are partnering to promote Fundamental Principles and Rights at Work (FPRW) among cotton farmers, particularly

Cotton

Bangladesh’s Political Crisis May Impact India’s Cotton Exports

Textile Insights August 10, 2024

Despite the ongoing political turmoil in Bangladesh, the impact on India’s overall trade may be minimal. However, the crisis is expected to significantly affect India’s cotton sector, according to an analysis by Moneycontrol. India exports $2.4 billion worth of cotton to Bangladesh, a country that has rapidly established itself as a global textile hub. Data […]

Cotton

Sportking India Launches ‘San-Vardhan’ To Combat Pink Bollworm

Textile Insights August 9, 2024

Sportking India, a leading textile company, has partnered with ATGC Biotech, Reviving Green Revolution Cell, and Team Athena Pvt Ltd, to launch a pioneering initiative, ‘San-Vardhan’ (Cotton You Can Trust). This initiative aims to address the severe Pink Bollworm (PBW) infestation affecting cotton crops in Northern India. Cotton, a vital commercial crop in India, accounts

Cotton

Cotton Yarn Demand To Recover In FY2025: ICRA

Textile Insights August 9, 2024

Domestic demand growth is set to outpace exports, driven by a recovery in downstream segments. Operating margins are expected to expand by 100-150 bps in FY2025 with improved gross contribution levels. ICRA forecasts a recovery for the domestic cotton spinning industry in FY2025, with a growth of 6-8%, supported by a 4-6% volume increase and […]

Cotton

Kasturi Cotton Bharat Uses Blockchain For Traceability

Textile Insights August 8, 2024

The Ministry of Textiles’ Kasturi Cotton Bharat program is setting a new benchmark in cotton traceability, certification, and branding in India. Launched through a collaboration between the Government of India, trade bodies, and industry stakeholders, this pioneering initiative was formalized with a budgetary support of Rs 30 crore, including Rs 15 crore contributed

Cotton

CCI Promotes India-US Textile Partnership With Focus On US Cotton

July 10, 2024

A media roundtable led by Cotton Council International (CCI) highlighted strategic India-US textile trade partnerships, emphasizing US cotton as the favoured choice for Indian spinners. On June 19, the “COTTON USA: Weaving Threads of Unity between the U.S. Cotton and Indian Textile Industry” event held in New Delhi, delved deeper into this collaboration. India’s textile