World cotton mill use declined nearly 20 million bales between 2006 and 2011 with the lion’s share of the decrease occurring in China as the world economy struggled and then the world had a short crop and cotton prices went over $1 per pound.
Consumption has bounced back by more than 5 million bales to 109 million (estimated for 2015) since then but it needs to come back even more if U.S. cotton producers are to see an improvement in prices above the current depressed levels of less than 60 cents per pound.
The National Cotton Council’s Jody Campiche talked about those dynamics and the industry’s ongoing struggle with manmade fibers in this video -- the last of three segments from the American Cotton Producers meeting held in Birmingham, Ala., April 14-15.
Campiche says most of the increase in mill use is now occurring outside of China, primarily in Vietnam, Turkey and Mexico.
For more information about the cotton industry, visit www.cotton.org.