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#Raw Materials

Climate change demands new varieties, better water management, and flexibility

Climate change used to be something that the world was going to need to address decades from now, but that prediction was far too optimistic because — as farmers know all too well — it's already here.

Executive Summary

The March 2023 edition of Cotton This Month:

  • Addresses the devastating challenges of climate change
  • Warns that farmers will need to improve their water management practices
  • Explains how weather patterns are changing the places where cotton is grown


Rising temperatures and multiple 'storms of the century' will force the cotton industry to scramble for solutions, and everyone will need to chip in. It starts with scientists, who will be tasked with developing more durable and resilient varieties. Farmers will need to improve their water management and adopt regenerative agriculture techniques, and textile manufacturers need to choose more natural fibres. Everyone in the cotton supply chain has a role to play — as indeed, do all humans — even if it's nothing more than making better choices when we shop.

One of the most significant changes climate change has brought is where cotton is grown. As weather patterns change, places where cotton is currently grown are becoming too hot (or too dry, or too wet) so farmers are moving to areas where the climate is better suited to cotton. Of course, picking up a field, family and life to move elsewhere isn't an option for everyone, which will add to the challenges the cotton industry faces going forward.

On the bright side, as the headline indicates, there are tools at our disposal to mitigate the impacts of climate change. Whether or not humanity makes the right choices remains to be seen, but at least we have options.



Price Projections

The Secretariat’s current price forecast of the season-average A index for 2022/23 ranges from 85.39 cents to 124.65 cents, with a midpoint at 101.57 cents per pound. The price projection for 2022/23 is based on the ending stocks-to-mill use ratio in the world-less-China in 2020/21 (estimate), in 2021/22 (estimate) and in 2022/23 (projection), on the ratio of Chinese net imports to world imports in 2021/22 (estimate) and 2022/23 (projection), and the average price in 2021/22. The projection reflects a 95% confidence interval.


Cotton This Month is published at the beginning of the month with the Cotton Update published mid-month. The Cotton Update is a mid-month report with updated information on supply/demand estimates and prices. The next Cotton Update will be released on 15 March 2023. The next Cotton This Month will be released on 3 April 2023.


More News from International Cotton Advisory Committee (ICAC)

#Europe

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.

#Natural Fibers

ICAC to collaborate with Uzbekistan and Bizpando on regenerative agriculture

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#Natural Fibers

Bangladesh becomes World's largest importer in 2024/25 after China cuts imports by 65% to 1.1 million tonnes

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#Natural Fibers

ICAC announces postponement of the 83rd Plenary Meeting in Tanzania

Due to unforeseen circumstances arising from the recent developments in Tanzania, the ICAC has announced that its upcoming 83rd Plenary Meeting has been postponed. Scheduled for Nov. 17-20 in Mwanza, the delay was recommended by Tanzania, and the decision was made out of an abundance of caution, prioritizing the safety and well-being of all participants.

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#Man-Made Fibers

Lenzing AG to become majority owner of TreeToTextile AB and accelerates industrialization of new fibers

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#Raw Materials

Better Cotton Initiative marks certification anniversary with progress update and accreditation

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#Raw Materials

Cotton Incorporated appoints Bev Sylvester as Chief Marketing Officer

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#Sustainability

OEKO-TEX® chooses TextileGenesis to advance digital traceability for organic cotton

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#Recycled_Fibers

Advancing the future of stretch: Fashion for Good launches new project to validate bio-based and recycled elastane

Launched today, Stretching Circularity is a collaborative project initiated by Fashion for Good dedicated to accelerating the adoption of lower-impact elastane alternatives that are compatible with circular textile systems. By validating bio-based and recycled elastane solutions through pilot-scale testing and demonstrator garments, the initiative aims to remove one of the most significant technical barriers to a circular textile economy.

#Knitting & Hosiery

Huixing acquires insolvent Mayer & Cie.

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#Spinning

Barmag: DTY efficiency for the future of fancy yarns

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#Knitting & Hosiery

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