#Raw Materials

2022-12-21

Production to outpace consumption despite extreme weather events and pest infestations

It’s safe to say the 2022/23 season has gotten off to a difficult start for the cotton industry. On the production side, both the USA and Pakistan were devastated by drought and flooding, respectively, while West Africa faced a severe infestation of jassids. All caused severe damage to the crops.

Executive Summary

Highlights from the December 2022 Cotton This Month include:

The 2022/23 global cotton crop has already suffered major losses due to droughts, flooding and pest infestations

Despite those issues, consumption is still expected to be lower than production by more than 1.2 million tonnes, at 23 million and 24.2 million tonnes, respectively

The Secretariat’s current price forecast ranges from 97.9 cents to 151.5 cents, with a midpoint at 115 cents per pound

Production to Outpace Consumption Despite Extreme Weather Events and Pest Infestations

On the consumption side, fears of a recession still have governments scrambling to control inflation, while the decline in employment in the retail, transportation and warehousing sectors are cause for concern, especially as so many other industries are hiring again.

Currently, the ICAC projects global production at 24.27 million tonnes and consumption at 23 million tonnes.

The Secretariat’s current price forecast of the season-average A index for 2022/23 ranges from 97.9 cents to 151.5 cents, with a midpoint at 115 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 This Month will be released on 1 February 2023. The next Cotton Update will be released on 15 January 2023.

ICAC to support European Commission on pending PEF legislation

The International Cotton Advisory Committee (ICAC) is proud to announce that it has been included as a member of the European Commission’s Technical Advisory Board (TAB) on the Product Environmental Footprint methodology. The Commission developed the Product Environmental Footprint (PEF) to assess and communicate the life cycle environmental performance of products and organizations.

Lenzing commissions 14 MW power‑to‑heat facility, strengthening grid stability and heat management

The Lenzing Group has successfully commissioned a new power‑to‑heat (P2H) facility with an electrical capacity of 14 megawatts. The installation converts renewable electricity directly into process heat, is fully integrated into the existing heat network at the industrial site, and represents a key building block for a fossil‑free heat supply. As project partner, VERBUND was responsible for the energy‑market integration and will operate the facility for balancing energy marketing, enabling it to respond flexibly to short‑term fluctuations in the power grid.

Kraig Biocraft reaches next step in production growth

Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“the Company”, “Kraig Labs”, or “Kraig’s”), a world leader in spider silk technology*, today announced that it has produced more than 1.3 metric tons of recombinant spider silk cocoons in a single month. This is a new world record and shatters the Company’s previous production record by a factor of five. Today marks a pivotal step forward in the transition of spider silk from laboratory innovation to an industrial-scale material platform.

New study shows low environmental impact by Cotton made in Africa Organic Cotton from Tanzania

Today, the Aid by Trade Foundation (AbTF) is announcing the results of a comprehensive life-cycle analysis (LCA) for cotton produced in Tanzania under the Cotton made in Africa Organic (CmiA Organic) standard. The study emphasises the small ecological footprint of CmiA Organic verified cotton. This can largely be traced back to the absence of synthetic pesticides, artificial fertilisers, and artificial irrigation. Consequently, CmiA Organic cotton can help the textile industry meet regulatory requirements as well as science-based targets. The results also show that the consequences of climate change threaten the livelihoods of these cotton farmers, even though the type of agriculture they practise barely contributes to climate change.

VDMA members at Techtextil: Smart technologies for technical textiles

At Techtextil 2026 in Frankfurt, the members of VDMA Textile Machinery underline their key role as global technology leaders for technical textiles and textile processing. With a strong presence of more than 50 members they will highlight how engineering excellence, innovation strength and sustainability expertise from Germany and Europe are shaping the future of the textile industry. Seven companies will be present at the VDMA group stand in the centre of hall 12.0.

The address for environmentally friendly dyeing and finishing systems: ITM 2026

Dyeing and finishing technologies, one of the most critical and value-added areas of the textile sector, have gained strong growth momentum on a global scale. Technologies that are pioneers of this transformation focused on sustainability, quality and efficiency will meet with sector professionals at the ITM 2026 International Textile Machinery Exhibition. Dyeing and Finishing Hall (11–12) will host the latest technologies that increase efficiency, optimize resource use and reduce environmental impact in textile finishing processes.

Smart textiles can also be sustainable, eco-friendly and AI-powered – ITA at Techtextil 2026

Sports shoes made from algae, leggings made from mushrooms, filtering (diesel) oil from water, 4D textiles, recyclable, sustainable and featuring AI – this is what the ITA Group is presenting at three individual stands run by ITA Aachen, ITA Augsburg gGmbH and ITA Technologietransfer GmbH on the joint stand of Elmatex in hall 12.0 D05.

TENCEL™ Lyocell - HV100 achieves global denim availability in six months; Vol. 2 debuts at Kingpins Amsterdam

When TENCEL™ Lyocell - HV100 debuted at last year’s Kingpins Amsterdam in October, 17 mill partners across five countries presented fabrics featuring the new fiber. Just six months on, participation has more than doubled, evolving into a global network that spans nine countries and four continents, signaling both strong industry momentum and growing demand.