World Cotton trade may hit 6 year high in 2018-19: USDA
Commodity Online | December 20 2018
UPDATED 11:56:50 IST

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World cotton trade is likely to rise for the third consecutive season in 2018/19 – reaching its highest level for 6 years – thanks to growing demand from mills in non-producing countries like Bangladesh and Vietnam and a rebound in China's Cotton spinning.

According to latest estimates from US Department of Agriculture (USDA) global cotton trade likely to rise nearly 2% in 2018-19 season. World trade is seen at 41.7 million bales in 2018/19 – 700000 bales above last season – but still 4.7 million bales below the record set 6 years ago in 2012/13.

As well as rising demand in Bangladesh and Vietnam, imports are also expected to increase once again this season into China, a major producer and Spinner of cotton.

This import demand is satisfied by a number of producing and exporting countries, with strong export prospects seen for the United States despite a reduction from 2017/18.

Exports from India and Australia are forecast lower with reduced produced production prospects. Meanwhile, exports from Brazil are set to expand considerably as rising production over the past several seasons increases exportable supplies.

 

Commodity Arrivals Rate
Mustard Oil 50 9300.00
Coconut Oil 1 17500.00
Arecanut 0.57 22000.00
Sugar 0.4 4000.00

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