Concept III Announces Partnership With Coolcore, Proprietary Fabric Cooling Technology

RED BANK, N.J. — July 9, 2015 — Concept III Textiles International today announces a partnership with Coolcore, the only company globally to receive the Innovation Technology award for “Cooling Power” from the esteemed Hohenstein Institute. Concept III will introduce Coolcore to its network of iconic global brands whose customers value chemical-free wicking, cooling and drying performance. Coolcore’s complete line of commercialized cooling fabrics will be presented at the Concept III Booth #40051 at Outdoor Retailer Summer Market in Salt Lake City August 5-8, 2015.

Coolcore’s patented, chemical-free fabric technology utilizes a unique combination of fibers and cross-sections for three specific functions, wicking, moisture transportation and controlling the rate at which the moisture evaporates from the garment for the cooling effect. These components help to reduce the fabric’s surface temperature up to 30 percent lower than skin temperature. Additionally, with the Coolcore technology being chemical-free, the performance benefits never wash out.

“So many outdoor activities are high energy or take place in warmer weather, making Coolcore an attractive selling point for all apparel and fabric based performance products,” said Chris Parkes, Concept III partner and director of sales. “The fact that it’s chemical-free and out performs its chemical-based market competitors is especially appealing to us and to our customers.”

Coolcore has been well received by outdoor performance brands, and in spring 2016, several global brands will launch collections featuring Coolcore fabrics. The Coolcore fabric innovations are currently available in Dr. Cool Recovery-On-The-Go Wraps, the only wrap to combine ice and compression in one flexible wrap for recovery on the go, as well as chemical-free Cooling Accessories and Shirts that cool up to 30 percent lower than skin temperature when moisture is present.

“Concept III is a leader in textile-based solutions,” said Scott McQuade, vice president of strategic partnerships for Coolcore. “We know our partnership will quickly accelerate our relationships with additional brands and, ultimately, the adoption of our industry-leading, chemical-free performance fabrics. As consumers and retailers alike are becoming more savvy about performance apparel and are averse to chemical applications used in the majority of technologies on the market, Coolcore is the perfect solution.”

Posted July 14, 2015

Source: Concept III
 

A&E Releases 2014-2015 Sustainability Report

MOUNT HOLLY, N.C. — July 9, 2015 — American & Efird (A&E) — a manufacturer and distributor of industrial sewing thread, embroidery thread, and technical textiles — today announced the release of its 2014-2015 Sustainability Report. The report details A&E’s achievements in the areas of safety, environmental sustainability and corporate social responsibility.

“Practicing sustainability and corporate social responsibility is the right thing to do,” said John Eapen, Vice President Environmental, Health & Safety/Sustainability at A&E. “It is vital that corporations are committed to these initiatives, not only for their own success and survival, but for the success and survival of future generations.”

A&E continues to abide by its pledge to create a better world through responsible corporate actions, environmentally protective efforts, and numerous contributions to the communities in which it operates.

A&E uses critical data to examine closely its engineering protocols, equipment specifications, and emerging technology, for the purpose of upgrading systems and continuing its trend in greenhouse gas emission reduction. A&E was one of the first thread manufacturers to maintain a global standard of measurement.

A&E adheres to the American Apparel and Footwear Association (AAFA) standards. The AAFA’s Restricted Substances List (RSL) provides guidelines for chemicals and substances, which are restricted or banned in the production of home, textile, apparel and footwear products. This list is updated biannually and reflects international chemical and substance restrictions.

To create its 2014-2015 Sustainability Report, A&E evaluated all of the global yarn spinning and dyeing and finishing facilities in which the company has ownership. Categories measured in the report include global carbon footprint, water conservation, energy conservation, and recycling and waste reduction. Highlights include:   
 
Global Carbon Footprint*

  • A&E achieved a two percent reduction of its global carbon footprint since 2006, while still growing as a worldwide business.
  • 48 million kilograms of greenhouse gas has been avoided since 2006.

Water Conservation

  • 34 percent reduction in global water consumption since 2006.
  • 1.1 million kilograms of thread produced, using recycled water from the industry’s first zero liquid discharge system in the Perundurai, India dyehouse.

 
Energy Conservation

  • 106 million kilowatt hours of energy saved since 2006, contributing to a 7% reduction of global energy use.
  • 100% of the power used in Gutach, Germany by Güterman is certified to come from hydroelectric power.

Sustainable Packing, Recycling & Waste Reduction

  • Zero waste to landfill achieved in the United States, joining Sri Lanka in achieving this global goal of all A&E operations.

 
For a copy of the full 2012-2013 Sustainability Report, please visit www.amefird.com.

Posted July 14, 2015

Source: A&E
 

A $20 Million Investment In Evergreen Ringgold Expands Shaw’s Capabilities

DALTON, Ga. – July 13, 2015 – Shaw Industries Group Inc. has enhanced its robust carpet reclamation and recycling program with the opening of its new Evergreen Ringgold facility, which can recycle nylon and polyester fiber.
 
This investment of more than $20 million in carpet recycling illustrates the company’s continued commitment to converting what has historically been seen as waste into a resource. Shaw will create at least 70 new full-time jobs as the facility reaches full capacity. With this scalable and flexible solution in operation, Shaw will retire its Evergreen Augusta facility in favor of new technology that better meets current and future market needs.
 
“Shaw continues to innovate and expand our portfolio of carpet recycling solutions. Evergreen Ringgold represents a significant step forward and is enhanced by what we’ve learned over the past decade at Evergreen Augusta – and from our strong working relationships with post-consumer carpet collectors throughout the country,” states Vance Bell, Shaw chairman and CEO. “Evergreen Augusta served Shaw and our industry well. Evergreen Ringgold enhances the long-term impact we can have, including the ability to recycle a wider array of materials.”
 
Located in what was previously Shaw Plant 37 – a rug distribution center, Evergreen Ringgold began operations in May and has successfully processed nylon and polyester fibers showcasing opportunities for previously untapped markets for recycled material.  Evergreen Augusta will cease operations on September 1, 2015. DSM Chemicals North America LLC operated the Evergreen Augusta facility. Shaw will work with its two associates employed at the plant to find other opportunities within the company. As a joint venture partner with DSM Chemicals North America LLC in the operation of Georgia Monomers Company LLC, Shaw remains committed to the relationship and the production of raw materials on the Augusta site.
 
Guided by Cradle to Cradle principles, Shaw has led the establishment of infrastructure to reclaim and recycle as much end-of-life carpet as possible. Shaw has reclaimed and recycled more than 800 million pounds (360 million kilograms) of post-consumer carpet since 2006. Over that time, Shaw has introduced a portfolio of products and processes to support its customers’ sustainability priorities.
 
With the rise in demand for polyester carpet, new processes were paramount to Shaw’s ability to find viable solutions for carpet that has reached the end of its useful life. Evergreen Ringgold creates a high purity post-consumer recycled material that can be used in a broad range of applications. Joining the company’s elutriation, carpet-to-energy, and waste-to-energy processes, Evergreen Ringgold once again expands and diversifies Shaw’s portfolio of recycling solutions allowing the company to employ the best possible use for the materials it reclaims.
 
“We will continue to invest in new sustainability innovations to support our robust reclamation and recycling program,” notes Paul Murray, vice president of sustainability and environmental affairs at Shaw. “That includes maintaining our steadfast focus on designing with the end in mind and finding the best possible solutions for carpet already in the marketplace. “
 
Every Material, Every Process, Every Action. Designed for a Better Future: It’s Shaw’s holistic approach to sustainability. To continue to be a sustainability leader, Shaw engages with stakeholders and the market to anticipate and respond to ever-changing sustainability priorities. The company innovates by taking risks and learning from them. Guided by Cradle to Cradle, Shaw employs a diverse portfolio of sustainability solutions.
 
Shaw’s continued investment in recycling technology demonstrates this approach to sustainability, including the company’s commitment to Cradle to Cradle designed products and a more circular economy. As Shaw’s portfolio of recycling investments continues to expand, so does its portfolio of Cradle to Cradle certified products. In 2014, 66 percent of the sales of Shaw manufactured products are Cradle to Cradle Certified™.

Posted July 14, 2015

Source: Shaw Industries
 

DG Brands Selects Simparel To Improve Enterprise Visibility And Efficiency

NEW YORK CITY — July 9, 2015 — Simparel Inc., a provider of next-generation information technology for the fashion and other soft goods industries, announces that leading lingerie, clubwear and costume manufacturer DG Brands will implement the Simparel® Enterprise solution at its Bell, Calif., headquarters. The maker of Dreamgirl® and other global brands will replace its existing ERP and other systems with the all-in-one platform to manage the complete concept-to-consumer fashion product lifecycle. The new software promises to increase business wide efficiencies, streamline processes, and increase operational visibility.
 
According to DG Brands EVP and COO Alma Canjura, “Our eight year-old business system simply could not give us the level of reporting and control we needed to more effectively manage and grow the business. Even after investing in third-party add-ons, we realized that we needed to find an integrated solution that was better aligned with our business needs. After evaluating several systems, we found Simparel to be the perfect fit for our business. The system’s depth of capabilities and ease of use is breathtaking, and their industry experience was a real plus in our selection. With Simparel providing the information we need to make faster and better decisions, we are excited about the opportunities to improve operations and expand sales channels.”
 
When fully implemented later this year, DG Brands will deploy the Simparel software to up to 50 team members across its design, product development, sourcing, supply chain management, distribution, sales, customer service, marketing and financial departments. A collaboration portal built into the system will also enhance communication and transparency with offshore suppliers and retail partners.
 
“We are pleased to have the opportunity to partner with DG Brands,” added Jill Powers, Strategic Account Director at Simparel. “We applaud their decision to move beyond the limitations of their current systems and equip their teams with the latest in fashion technologies. Based on their clear understanding of business requirements and in-depth systems evaluations, we are fully confident that they will quickly gain the advantages that our modern and fashion-focused solution has to offer. We look forward to a long and mutually beneficial partnership.”

Posted July 14, 2015

Source: Simparel
 

The Rupp Report: Itema Moves Forward With Technical Textiles

Techtextil, the event for technical textiles and nonwovens took place recently in Frankfurt. Almost all textile machinery suppliers have finally realized that this event is a must-attend show. No exception to this idea is Italy-based Itema S.p.A., the only weaving machinery producer with all three weft-insertion technologies available on the market, who participated at the recent Techtextil. The Rupp Report talked with Diana Profir, head of Marketing and Communications, Itema.
 
Rupp Report: Itema exhibited at all last Techtextil shows. Why?
Diana Profir: We see Techtextil as a must-attend trade show and we will be certainly present in the events to come in the future. For us, Techtextil is a perfect meeting point to see the entire value chain of technical textiles. It is an opportunity to meet our customers and see their innovative new ideas and products woven on our machines; but also to see also our customers’ customers and how they apply the products. However, and this is very important, it is a chance to meet and get to know new and potential customers for Itema.
 
RR: Is it also an opportunity to see what the weaving machinery sector is doing?
Profir: Absolutely. We like the possibility to see the competitive landscape of what is being offered to weavers of technical textiles, this is by all means not to be underestimated. We flourish on good, healthy competition that is helping us to pull up our sleeves and push ourselves to bring the best forward. In conclusion, the benchmarking in a prestigious and supreme trade show like Techtextil is important indeed.
 
The Exhibition
RR: Are you happy so far with this year’s Techtextil?
Profir: Yes. Techtextil once again met our expectations both in terms of number and quality of visitors attending our booth. It is a well-organized, efficient, smooth running trade show – one of the very best in our industry from the organization viewpoint and also with a variety of attractive propositions for visitors, including conference, awards, and even a fashion show with technical textiles. All this makes Techtextil a great experience for exhibitors and visitors. As exhibitors we are happy with the return on the investment and the contacts we made.
 
RR: Was the visitor’s frequency satisfactory for you?
Profir: It was not only satisfactory, we hit a record. During the four days, we welcomed over 100 visitors to our booth from some 25 countries.
 
RR: From which countries did the visitors mainly come from?
Profir: Well, not surprisingly, the biggest numbers of visitors were from European countries, but we were impressed to see also we had some contacts with visitors from as far away the Asia Pacific region as well as Latin America. Our expectations were fulfilled for the most part. We are happy with our participation and contacts made during the exhibition.
 
RR: How do you like the fact that Techtextil now takes place for four days?
Profir: Well, for us the addition of one extra day has helped our booth team to meet and greet additional existing and potential customers, but also to visit the fairground to see first-hand our customers’ booths’ and learn more about market trends and innovations. We definitely welcome the longer format of Techtextil also for future editions.
 
Products
RR: Of course, you can’t exhibit machines, so how did you communicate to your visitors?
Profir: With interested visitors, we focused on sharing the main features of our rapier, airjet and projectile weaving machines. We think that we have the most comprehensive portfolio on the market today for technical textile weavers. New additions to our portfolio specifically for technical textiles have been the rapier weaving machine R9500 tailored for airbag and fiberglass weaving. The P7300HP continues to show great interest from weavers working with projectile weaving machines.
 
RR: How was the feedback to these machines?
Profir: We’ve enjoyed a very positive feedback. Regarding attention, we had a tie – with both R9500 and P7300 in pole position, and a very strong interest also for the A9500p, which is the premium version of our airjet weaving machine launched at ITMA Asia 2014.
 
RR: What are the main reasons for this interest?
DP: We think the reasons are be three-fold: The R9500 continues to enjoy a global success and the roll-out of special customized versions for technical textiles is very much welcomed by our customers. The projectile weaving machine continues to be an unbeatable benchmark for those who are looking to weave the widest fabrics with widths over 6 meters and specialty fabrics. On the other hand, the A9500 attracts the interest of technology driven people.
 
Market Situation
RR: How do you judge the recent market situation for technical textiles, referring to your product portfolio?
Profir: We see an increasing trend in inquiries for weaving machines from weavers of technical fabrics, as well as in requirements to weave increasingly innovative styles. Our expectations are that this trend will continue for a foreseeable future and we are ready to serve this particular and very demanding segment of the market worldwide.
 
RR: Can you tell our readers the share of your turnover that goes in traditional textiles and to technical textiles?
Profir: Some 10- to 15-percent of our overall turnover we achieve with sales of weaving machines for the technical textiles market.
 
RR: Where are the main markets for technical textiles at the moment for your company?
Profir: Our main technical textiles market is divided into some 50 percent in Asia, about one-third in Europe (EU and non-EU) and the balance is generated in North America.
 
The Future
RR: If you compare this event and the one in 2013, do you see any difference?
Profir: No, we don’t see any difference, with the welcomed exception, of course, of the extra day.
 
RR: So as a consequence, will your company take part at the next Techtextil in 2017?
Profir: Oh, absolutely yes. We have already marked the date in our calendars for 2017.
 
RR: Final question: Will the importance of the technical textiles market further increase?
Profir: Yes, of course. It is a promising, growing market and we are excited to be part of it.

July 7, 2015

Archroma Successfully Completes $515 Million Credit Facilities Offering

REINACH, Germany — July 1, 2015 — Archroma, a global leader in specialty chemicals for the textile, paper and emulsions sectors, announced today that it entered into a senior secured credit agreement that provides for credit facilities totaling approximately $515 million.
 
The credit facilities are comprised of a $75 million multi-currency revolving credit facility, a $220 million senior secured term loan and a 200 million euro senior secured term loan.
 
Bank of America Merrill Lynch International Ltd. and HSBC Bank Plc acted as global coordinators, bookrunners and mandated lead arrangers for the senior secured credit agreement. ICICI Bank UK Plc acted as bookrunner and mandated lead arranger. Credit Suisse AG and UBS Switzerland AG acted as mandated lead arrangers and Mizuho Bank Ltd. and Itau BBA International Plc acted as lead arrangers.
 
The new credit facilities will be used to refinance Archroma’s existing debt, as well as to support the acquisition of BASF’s textile chemicals business announced on July 1, 2015.
 
Moody’s and Standard & Poor’s have published their respective ratings for the Archroma group and its new credit facilities.
 
In a report issued on June 15, 2015, Moody’s, the investor service agency, assigned a B2 corporate family rating to SK Spice Holding Sarl, the ultimate parent company of the Archroma group. Moody’s also assigned a B2 rating to the loan and credit package. The outlook on all ratings by Moody’s is stable. In its report, Moody’s comments that the stable outlook reflects its expectation that Archroma will maintain adequate liquidity, smoothly integrate the BASF textile chemicals business after the intended acquisition closes, and execute on its current rationalization and cost efficiency programs.
 
Standard & Poor’s announced on June 18, 2015 that it had assigned a preliminary “B” long-term rating, with stable outlook, to SK Spice Holding Sarl (Archroma) and a “3” recovery rating to the term loans.
 
“The successful refinancing and ratings issued by Moody’s and Standard & Poor’s are consistent with Archroma’s current size, revenue and profitability,” said Roland Waibel, CFO, Archroma. “Archroma continues to move forward on its path to becoming the preferred chemicals and dyes supplier in our industries through organic growth and acquisitions,” Waibel added. “We wanted to show an objective rating from leading agencies to allow our financial partners, as well as our customers and suppliers, to share our confidence in Archroma and its ability to deliver on its ambitions.”
 
Posted July 7, 2015

Source: Archroma
 

ICAC: 2015-16: Another Season Of Uncertainty

WASHINGTON — July 1, 2015 — In 2014-15, the Secretariat predicts a midpoint of 71 cents/lb for the Cotlook A Index with a narrow range of 70 to 73 cents/lb. In 2015-16, international cotton prices may remain stable, though this will depend in part on changes in world cotton stocks. In 2014-15, world ending stocks are forecast up 9 percent to 21.9 million tons, reflecting a stock-to-use ratio of 90 percent. Starting in 2010-11, the world has accumulated 13.4 million tons of stock due to production volumes exceeding consumption volumes. In 2015-16, stocks are projected to decrease 5 percent to 20.9 million tons, reducing the excess volume by 1 million tons. Stocks held outside of China are expected to decrease by 3 percent, to just under 9 million tons, by the end of 2015-16. However, much of this will depend on how the Chinese government handles its reserves. Last month the Chinese government announced that it planned to start selling its stockpiles, estimated at around 11.3 million tons, at a price close to the current market price in the hopes of keeping the market stable. However, no further details have been announced so far, and it’s uncertain how successfully China will be able to sell off its excess cotton stock without destabilizing the market.

World cotton area in 2015-16 is projected down 6 percent to 31.3 million hectares, due largely to lower prices in 2014-15. Assuming a world average yield of 764 kg/ha, production could reach 23.9 million tons, down 9 percent from 2014-15. China’s cotton area is forecast to decrease by 12 percent to 3.8 million hectares, and production down by 16 percent to 5.4 million tons in 2015-16. While low cotton prices during 2014-15 in India are expected to cause cotton area to decrease by 5 percent to 11.6 million hectares in 2015-16, falling prices for competing crops and a modest increase in the minimum support price may forestall a greater decline. The Indian monsoon arrived earlier this year compared to 2014-15, and yields may improve 3 percent to 547 kg/ha, limiting the decrease in production to 6.4 million tons. Low international cotton prices have limited farmer enthusiasm to plant cotton, and area in the United States may contract 15 percent to 3.3 million hectares.

Production is forecast to decline by 12 percent to 3.1 million tons. Area in Pakistan is projected to contract 6 percent to 2.7 million hectares due to low domestic prices in 2014-15, and production is expected to decrease 11 percent to 2.1 million tons.

In 2015-16, world cotton consumption is forecast up 2 percent to 24.9 million tons. China’s consumption is expected to remain stable at 7.7 million tons, though its share of total world consumption will likely decline to 31 percent, which is the sixth consecutive season of reduction since 2009-10 when it accounted for 40 percent of world consumption. India’s mill use is projected up 3 percent to 5.4 million tons in 2015-16, accounting for 22 percent of world consumption. Strong demand from countries that rely on imports to support their spinning sector is expected to boost world trade in 2015-16 to 7.7 million tons. Imports outside of China are projected up 4 percent to 6.1 million tons, partially offsetting the 9 percent decline in Chinese imports to 1.6 million tons.

World Cotton Supply And Distribution

2013-14 2014-15 2015-16 2013-14 2014-15 2015-16
Changes
from previous month
Million Tons Million Tons
   
Production 26.28 26.20 23.92 -0.01 0.03 0.02
Consumption 23.75 24.36 24.91 -0.01 0.00 -0.02
Imports 8.65 7.64 7.74 -0.02 0.12 0.06
Exports 8.87 7.64 7.74 -0.01 0.12 0.06
Ending Stocks 20.04 21.89 20.90 0.04 0.07 0.11
Cotlook A Index 91 71* 72**

*The price projection for 2014-15 is based on the ending stocks/mill use ratio in the world-less-China in 2012-13 (estimate), in 2013-14 (estimate) and 2014-15 (projection), on the ratio of Chinese net imports to world imports in 2013-14 (estimate) and 2014-15 (projection). The price projection is the midpoint of the 95 percent confidence interval: 70 cts/lb to 73 cts/lb.

**The price projection for 2015-16 is based on the ending stocks to mill use ratio in the world-less-China in 2013-14 (estimate), 2014-15 (projection) and 2015-16 (projection), on the ratio of Chinese net imports to world imports in 2015-16 (projection), and on the price projection for 2014-15. The price forecast for 2015-16 is the mid-point of the 95 percent confidence interval: 57 cts/lb. to 87 cts/lb.

Posted July 7, 2015

Source: ICAC
 

Master Reports Sales In Bangladesh

MACHERIO, Italy — June 30, 2015 — Two among the most important denim manufacturers of Bangladesh have chosen the groundbreaking technology of Italy-based Master S.r.l. in Macherio for the continuous dyeing of warps. At the basis there is a synergistic aim necessary to reach their future targets in terms of both quantity and quality.

Shasha Denims Ltd., a company extremely concerned with the needs of environmentally sustainable development that are imperative today, is the first one in the Asian continent to add a new IndigoGenius® machine representing the top in dyeing technology to the other two slasher dyeing machines it owns at present.

The revolutionary dyeing technology with indigo and sulphur dyestuffs in inert environment of the Genius modules allows to obtain a better penetration and fixing to the yarn and therefore an increased colour yield as well as savings up to 80% about in caustic soda and sodium hydrosulfite combined to a considerable decrease in the consumption of washing water.

IndigoGenius combines to the above ecological, economic and quality advantages also a special flexibility of operation as it allows to carry out, besides the traditional dyeing, also unusual dyeing procedures to manufacture new and exclusive denim items with original, peculiar and unique features that cannot be obtained with traditional machines.

Shasha Denims by adopting the new dyeing system IndigoGenius, with exclusive rights for two years in Bangladesh, paves the way to environmental sustainability and has deservingly positioned itself in the forefront for the production of new denim items always inspired to tradition even though projected into the future we all hope to be increasingly “eco-friendly” and “green”.

Mahmud Denims Ltd., being more traditional, instead decided to add a new machine for rope dyeing mod. IndigoRope® (pat.) to the machine it already had. This new machine isn’t only the logical development of the traditional ones but it is mainly the result of special changes, significant technological innovations and solutions that have made it more ergonomic and rational.

It is the most evolute and technologically advanced machine of this category being at the same time easy to operate, rational and reliable. IndigoRope is a machine which combines tradition and innovation, which assures dyeings of high quality, that are reproducibles and economical. It is also pleasant to remark that both machines are equipped with special removable fumes and odor extractor fans to safeguard the health of the operators and the hygiene of the workplace.

Posted July 7, 2015

Source: Master

 

Houston-based Company Textile Recycler Increases Recycling Efficiency And Productivity With Automated Sorting Systems

ABINGDON, Md. — June 30, 2015 — Textile Recycler, a member of the Secondary Materials and Recycled Textiles Association (SMART), the international trade association of the for-profit used clothing reuse and recycling industry, diverts more than half a million pounds of clothing and 10,000 pounds of shoes each week from landfills with the use of automated sorting systems.

According to Jackie King, executive director for SMART, for more than 400 years, the used clothing and textile recycling industry has relied heavily on manual sorting and grading processes and has seen little to no technological advances since its inception. In 2009, Textile Recycler installed a patented auto grading system from Smart Innovations to eliminate the manual sorting of recycled clothing, increasing efficiency and productivity, and reducing labor costs. In 2014, Textile Recycler installed an automated shoe sorting system and is the only textile recycling company in the world to use one.

“Unlike others in our industry, with the use of automated conveyor systems to sort clothing and shoes, we are able to gather and measure a vast quantity of information from the items that we collect,” says Munir Hussain, president of Textile Recycler. “With this new technology, we are forging new paths and standards for our industry.”

“With an automated sorting system, Textile Recycler can intake more recycled clothing and shoes, thus reducing the amount of textiles which end up in landfills each year,” says King.

Posted June 30, 2015

Source:
 

Cotlook’s Estimates Indicate Smaller Addition To World Stocks In 2014-15, And Modest Reduction In 2015-16

BIRKENHEAD, United Kingdom — June 25, 2015 — Cotton Outlook’s world production number for 2014-15 has been lowered this month by 63,000 metric tons.

Increases in the figures for Australia and Uzbekistan have been more than offset by reductions for China and smaller markets. The forecast for 2015-16 has been lowered by 206,000 metric tons, owing primarily to a sizeable decrease for China.

World raw cotton consumption has been raised by 49,000 metric tons for 2014-15 and 56,000 for the following season. This has resulted from increases in both seasons for Vietnam, offset partially by decreases for Brazil.

The rise in global stocks in the current season is thus now expected to be slightly less than two million metric tons, while a decline is foreseen in 2015-16 of 570,000 metric tons.
 

Posted June 30, 2015

Source: Cotton Outlook
 

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