#Raw Materials

2021-03-04

Higher consumption and lower production expected to draw down ending stocks in 2020/21

The 2020/21 cotton consumption forecast has been revised upward this month from 24.2 million tonnes to 24.5 million tonnes, and while the projected 7% year-over-year increase isn’t nearly enough to offset the losses caused by the pandemic, it’s expected to outpace production, thus drawing stocks down by the end of the season. Stock levels are expected to drop to 21.1 million tonnes by the end of 2020/21, which would represent a 1% decrease from the previous season.

Highlights from the March 2021 Cotton This Month include:

The cotton consumption forecast has been revised upward to 24.5 million tonnes for the 2020/21 season

The production forecast has been revised downward

As a result, ending stocks are forecast to decrease by 1% to 21.1 million tonnes

This month, the Secretariat’s price projection for the year-end 2020/21 average of the A Index is 75.7 cents per pound

The Secretariat is projecting an increase in global trade. Both China and Pakistan are forecast to increase imports, the former benefitting from the price gap between domestic and foreign cotton and the latter due to a decrease in domestic production.

This month, the Secretariat’s price projection for the year-end 2020/21 average of the A Index is 75.7 cents per pound.

Cotton This Month is published at the beginning of the month with the Cotton Update published mid-month. The Cotton Update, which is included in the Cotton This Month subscription, is a mid-month report with updated information on supply/demand estimates and prices. The next Cotton Update will be released on 15 March 2021. The next Cotton This Month will be released on 1 April 2021.

Global cotton consumption to exceed production in 2026/27 as Asian demand remains resilient

Global cotton consumption is projected to exceed production in the 2026/27 season as output declines across several major producing countries while demand remains relatively stable, according to the November edition of Cotton This Month, published by the International Cotton Advisory Committee (ICAC).

ICAC announces 84th Plenary Meeting in Egypt with focus on cotton industry resilience

Registration is now open for the International Cotton Advisory Committee’s 84th Plenary Meeting, which will take place from 24 to 26 March 2027 in Alexandria, Egypt. The conference will address climate resilience, technological developments, sustainability and competitiveness across the global cotton and textile value chain.

New Cotton Review examines competitiveness, market risk, and opportunities

From moving record volumes of Brazilian cotton to market, to managing price volatility, unlocking Ethiopia’s production potential, and strengthening African textile trade, the latest edition of Cotton: Review of the World Situation examines some of the most consequential opportunities and challenges facing the global cotton industry.

Kraig Labs ships first commercial spider silk yarn

Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“the Company”, “Kraig Labs”, or “Kraig’s”), a world leader in spider silk technology*, today announced the shipment of its first commercial order of recombinant spider silk yarn. The custom-engineered yarn was produced to fulfill a purchase commitment from a globally recognized performance sports brand and is slated for development into a first-of-its-kind performance textile.

ALLIED expands down traceability with lot-level carbon footprint data

ALLIED Feather + Down has expanded its TrackMyDown traceability platform to include validated cradle-to-gate carbon footprint data linked to individual down lots. The initiative is designed to provide brands and consumers with more detailed environmental information on the materials used in finished products and could also support future data requirements associated with Digital Product Passports.

ICAC’s 84th Plenary Meeting to be held March 24-26, 2027, in Alexandria, Egypt

Registration will soon be open for the International Cotton Advisory Committee’s 84th Plenary Meeting, to be held March 24-26, 2027, in Alexandria, Egypt. The local Organizing Committee in Egypt has chosen “Building a Resilient and Competitive Future for Cotton and Textiles” as the theme for the event, which will be held at the Rixos Montaza Alexandria Resort.

PFAS restrictions drive innovation in waterproof breathable fabrics

Innovation in waterproof breathable fabrics and apparel is being driven by legislation restricting the use of per- and polyfluoroalkyl substances (PFASs) as manufacturers develop alternative membranes and finishes for use in outdoor apparel, according to “Waterproof breathable fabrics: changing legislation is driving innovation”, a 50-page report from the global business information company Textiles Intelligence.