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Latest Analysis Of International Cotton Market (March 25)

2013/3/25 17:03:00 6

International CottonCotton MarketCotton Industry Dynamics

   Australia will become the second largest in the world cotton Analysis of Exporting Countries


Australia is about to become the world's second largest exporter of cotton. As of today (2013), the volume of exports is expected to rise by 11% to a record 1 million 100 thousand tons in July.


"Australia will jump from 2011-2012 of the world's third-largest exporter of cotton to 2012-2013 among the world's second largest exporters of cotton." Dr.Jammie, chief economist of the Australian Bureau of agricultural resources and Economic Sciences (ABARES)
Penm once said that his prediction is about to come true.


As of July 2012, Australia has exported 1 million 190 thousand and 8 kilotons of cotton plateau to all parts of the world, and this figure is constantly rising. The United States is the world's largest exporter of cotton and has exported 2 million 550 thousand tons as of July 2012. India is catching up with exports, reaching 2 million 530 thousand tons. According to the forecast, the US export volume will reach 2 million 650 thousand tons by the year July 2013, and the export volume of India will slide to 970 thousand tons.


Terry, executive director of the International Cotton Advisory Committee (ICAC)
Townsend praised Australia as the "pillar of the international cotton industry", because Australia has high quality cotton, efficient banking sector, and is also close to the world's largest cotton importer - China. With abundant rainfall, cotton quality is expected to be better. "Jiahui cotton industry." Terry
Townsend added.


   Pakistan fiscal year 2014 Cotton yield It will reach 14 million 100 thousand packs.


According to the Pakistan business chronicle March 22nd, the Ministry of textile industry of Pakistan announced to the Standing Committee of the Senate on March 21, that the cotton growing area in Pakistan will reach 8 million acres in the 2014 fiscal year, an increase of about 1 million acres compared with the previous year. The cotton production is estimated to be 14 million 100 thousand packs, an increase of about 800 thousand packages compared with the same period last year.


Due to the shortage of water during the sowing period and the late flooding, Pakistan's cotton production was reduced by 1 million bales in the current fiscal year, and the government set the target of cotton production to 13 million 300 thousand packs.


   Pakistan cancels imports and domestic cotton Sales tax


Pakistan business Chronicle reported on March 21st: the federal tax bureau issued a circular yesterday to cancel sales tax on imports and domestic cotton and lint.


It was also reported that the spot price of cotton in Pakistan rose sharply in March 20th due to tight supply. Analysts say cotton price volatility will slow after the cancellation of the cotton sales tax.

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