cotton report - world trade organization · 2018-11-28 · cotton report kai hughes executive...
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COTTON REPORTKai HughesExecutive DirectorInternational Cotton Advisory Committee
Cotton Production & Trade Trends
International Cotton Advisory Committee
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ratio
Price for Cotton Vs. Competing Crops at Planting Time N. Hemisphere (2010-2018)*
*World Bank Commodities Price Data (The Pink Sheet)www.icac.org
-
4
8
12
16
20
Maize Soybean Rice Sugar Sorghum
2009 2010 2011 2012 2013
2014 2015 2016 2017 2018
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India23%
China22%
US16%
Brazil9%
Pakistan7%
Fr. Africa5%
Turkey3%
Uzbek.3%
Australia2%
ROW10%
Cotton Production by Country
6.0MillionIndia is since 2015/16, the world’s
biggest producer of cotton
2018/19: 26.3 Million tons
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million tonnes
6.05
5.80
4.29
1.75
2.31
1.33
0.58
0.85
0.80
0 1 2 3 4 5 6 7
India
China
USA
Pakistan
Brazil
Fr. Africa
Australia
Turkey
Uzbekistan
17/18
18/19
Changes in World Cotton Production
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million tonnes
World Cotton Consumption
9.2
5.3
2.3
1.7
1.8
1.7
0.8
0.8
0.8
- 2 4 6 8 10
China
India
Pakistan
Turkey
Bangladesh
Vietnam
USA
Brazil
Indonesia16/17
17/18
18/19
China33%
India19%
Pakistan8%
Bangladesh7%
Turkey6%
Vietnam6%
Indonesia3%
USA3%
Brazil3% ROW
12%
2018/19: 27.6 Million tonnes
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World Cotton Production and Mill Use
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19
21
23
25
27
2900
/01
02/0
3
04/0
5
06/0
7
08/0
9
10/1
1
12/1
3
14/1
5
16/1
7
18/1
9*
Production Mill Use
million tonnes
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China Cotton Production and Consumption
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-
4
8
12
0
4
8
12
1999
/00
2002
/03
2005
/06
2008
/09
2011
/12
2014
/15
2017
/18
Production Imports Consumption
3.2 Million TThe widening gap
between production and consumption in Chinacould give a boost to
cotton imports
Million Tonnes Million Tonnes
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million tonnes
World Cotton Exports
3.5
1.4
1.3
1.0
0.8
0.4
0 1 2 3 4
USA
Brazil
West Africa
India
Australia
Uzbekistan17/18
18/19 36%The U.S remains the world’s largest exporter of cotton
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Cotton Imports by Country
0.0
0.5
1.0
1.5
2.0
2.5 15/16
16/17
17/18
18/19
million tonnes
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Cotton Prices vs Polyester PricesUS cents per pound
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30
80
130
180
230
280
1.5.
06
5.5.
07
9.5.
08
1.5.
10
5.5.
11
9.5.
12
1.5.
14
5.5.
15
9.5.
16
1.5.
18
Indice A Cotlook Polyester China
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Assistance to Cotton Production
Direct support to production Border protection Crop insurance subsidies Minimum support price
mechanisms Input subsidies Transportation subsidies
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Assistance to Cotton
1.5
4.7
7.46.5
10.7
7.3
4.4
5.9
0
2
4
6
8
10
12
97/9
8
99/0
0
01/0
2
03/0
4
05/0
6
07/0
8
09/1
0
11/1
2
13/1
4
15/1
6
17/1
8
Billion US$
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Assistance to Cotton And Prices
1.65
1.00
0.88
0.91
0.71
0.7
0.830.85
0.4
1.1
1.8
0
2
4
6
8
10
12
97/98 00/01 03/04 06/07 09/10 12/13 15/16
Billion US$ A Index (US$/lb)
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World Cotton Production under Assistance
0
10
20
30
40
97/98 00/01 03/04 06/07 09/10 12/13 15/16
Without Assistance With Assistance
76% 47%
Average with Assistance: 55%83%
48%
Million tons
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Thank you
Any Questions?
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