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Related Keywords: China demand, USA cotton surplus

According to reports, by next year in 2017, cotton supplies in US will be smaller than previously forecast because of rising prices and larger-than-expected purchases in China, the world’s biggest buyer.

Inventories on July 31, 2017, will be 4.3 million bales, 12 percent less than projected last month and below the lowest estimate in a Bloomberg survey of analysts, the U.S. Department of Agriculture said in the report released Wednesday.

The supply would be expected at 4.9 million bales, as per the average estimate, little changed from the USDA’s forecast in September.

Related Keywords: APTMA, boost textile export, China demand, cotton farmers, foreign market, lower cotton acreage, Pakistan textile industry, phutti rates, revival in yarn

The revival in yarn demand from China is a good omen for the Pakistan textile industry giving a boost to textile exports. The resurge in yarn demand has come as a sign of relief for the exporters who were worried over the waning global demand during the past one year, according to Seth Akber, senior vice chairman of All Pakistan Textile Mills Association (Aptma).