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Related Keywords: 000 tonnes, 5.97m bales, August-to-July basis, Beijing bureau, Chinese cotton imports this season, domestic spinning industry, need for high-quality fibre, pegged at 1.30m tonnes, rise of more than 200, US Department of Agriculture, Year on year

The US Department of Agriculture’s Beijing bureau pegged at 1.30m tonnes (5.97m bales) China’s cotton imports in 2017-18, on an August-to-July basis. A rise of more than 200,000 tonnes year on year – far bigger than the 58,000-tonne increase, to 1.15m tonnes (5.30m bales), that the USDA has officially penciled in.

The bureau’s estimate comes amid persistent market talk that China may be poised for accelerating buy-ins, with some rumours of a potential increase to the import quota of 894,000 tonne allowed in with a 1% tariff, under an agreement with the World Trade Organization.

Related Keywords: Bangladesh's textile imports, cotton exporters, cotton exporting countries, cotton importing countries, cotton imports in Bangladesh, global imports, Indian cotton, textile makers, US Department of Agriculture, world's largest importer of cotton

In 2015-16, Bangladesh imported 6.2 million cotton bales during the year thereby reinforcing its position as the world's largest importer of cotton. According to US department of agriculture (USDA), Bangladesh's imports are expected to increase to 6.3 million bales in 2016-17. This raises Bangladesh's share of global imports to over 18 per cent, which is more than double its share seen 5 years before.

Related Keywords: against US exports, Ankara bureau, antidumping duties, boost import demand, cotton crop fall, international markets, lower returns, make Turkish textile exports more expensive, ongoing anti dumping investigation, Turkish cotton, Turkish product to lose market share, US Department of Agriculture, world second largest cotton buyer

The Turkish cotton to see lower returns compared to other crops such as corn in cotton growing regions seen, the fall in production was the result of lower planting, at 370,000 hectares, down from 430,000 hectares in the previous season according to the Ankara bureau.

The government recently announced that the production bonus paid to farmers was to be raised to 0.65 lira per kilogramme of seed cotton, up from last season's bonus of 0.55 lira. Seed cotton is the unprocessed crop from which cotton fibre is ginned.

Related Keywords: apparel products, cotton consumption, cotton from Chinese reserves, cotton imports, next season, reduced demand for yarn, slow down, strong trade with China, US Department of Agriculture, Vietnam textile and clothing, yarn shipment

Vietnam is ranked amongst the world’s top 5 nations in textile and clothing exports. The exports of textile and apparel products continued to grow in 2014 despite the difficulties in global economy.

But its strong growth of cotton imports is likely to slow next season. The deceleration forecast for next season reflects ideas of reduced demand for yarn by China, where authorities are attempting to boost use of domestic supplies, and erode the huge inventories that the country ran up through a generous guaranteed pricing regime, that was withdrawn last year.

Related Keywords: china cotton inventories, Chinese cotton consumption, Chinese farm subsidies, domestic market, export market, impact of subsidy reforms, keepin down production, market-friendly cotton price, smaller than expected, stockpiles, US Department of Agriculture, USDA estimate

The US Department of Agriculture bureau in Beijing pegged at 58.0m bales (12.64m tonnes) China's inventories at the close of 2014-15 – more than 4m bales below the department's official forecast.

China's cotton inventories in August were equivalent to about 60% of the world total, may end the season smaller than had been thought due to the impact of subsidy reforms which may keep down the country's production long-term.

Related Keywords: cotton contract, cotton mill, fibre market, ICE Futures, Investor, proliferated, purchasing securities, US December cotton, US Department of Agriculture

The US December cotton which had lost 33 percent over the past two months has started gaining momentum as the efforts of cotton mills and investors have again proliferated the five year low fibre market by value investing and introducing the practice of purchasing securities to cover an open short position.

Related Keywords: Cotton futures, cotton growing in USA, cotton prices, cotton sowing in texas, US Department of Agriculture

As precipitation improved over the last five days across Texas, the country's biggest cotton producing state, the prospect of improved supplies heightened showed the US government data. The data released after market close on 27 May reinforced expectations that fibre availability will improve in the coming season beginning 1 August. However, the release of the report led to cotton futures falling to a four-month low on 28 May.