MUMBAI (Commoditiescontrol) - China 2016/17 (Aug-Sept) cotton production is lowered to 4.6 million metric tonnes due to projected smaller acreage despite a forecast yield gain in Xinjiang, according to USDA attaché.
USDA projected 2016-17 cotton use is 7.65 MMT, up from the 7.4 MMT in the previous year and based on a forecast slight recovery in domestic demand for cotton textile products and a decline in yarn imports.
The agency forecast for 2016-17 cotton imports at 980,000 tonnes, only slightly higher than the 962,000 tonnes in the previous year given China continues to reduce its high state reserve stocks and limit the issuance of additional import quotas. Out-of-quota cotton imports (facing full duty) are unlikely as the gap between domestic and global cotton prices continues to narrow.
Xinjiang textile industry continues to expand
In response to the government’s call to development textile industry and add employment in Xinjiang, total spindles reached 11.9 million by mid-2016, up from the 11 million at the end of 2015. Yarn production was 600,000 tons in 2015 of which about 360,000 tons were cotton yarn. Forecast 2016 yarn production will reach 900,000 tons of which 450,000 tons comprise cotton yarn.
China Cotton |
In Tonnes (1000 Tons; 1000 Ha) |
In Bales: 170Kg (Lakh Bales; Area In Lakh Ha |
2015-15 |
2015-16 |
2016-17 |
2015-15 |
2015-16 |
2016-17 |
Area Planted |
4,325 |
3,200 |
2,900 |
43 |
32 |
29 |
Area Harvested |
4,325 |
3,200 |
2,900 |
43 |
32 |
29 |
Beginning Stocks |
13,653 |
14,788 |
13,137 |
803 |
870 |
773 |
Production |
6,532 |
4,833 |
4,600 |
384 |
284 |
271 |
Imports |
1,804 |
962 |
980 |
106 |
57 |
58 |
MY Imports from U.S |
587 |
192 |
218 |
35 |
11 |
13 |
Total Supply |
21,988 |
20,583 |
18,717 |
1,293 |
1,211 |
1,101 |
Exports |
15 |
27 |
44 |
1 |
2 |
3 |
Use |
7,185 |
7,403 |
7,651 |
423 |
435 |
450 |
Loss |
0 |
0 |
0 |
0 |
0 |
0 |
Total Dom. Cons |
7,185 |
7,403 |
7,651 |
423 |
435 |
450 |
Ending Stocks |
14,788 |
13,137 |
11,023 |
870 |
773 |
648 |
Total Distribution |
21,988 |
20,583 |
18,717 |
1,293 |
1,211 |
1,101 |
Stock to Use % |
205 |
176 |
143 |
12 |
10 |
8 |
Yield |
1,510 |
1,510 |
1,586 |
89 |
89 |
93 |
(By Commoditiescontrol Bureau; +91-22-40015533)