Indonesia Cotton and Products Annual （印尼年度棉花和产品）.pdf

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 3/31/2015 GAIN Report Number: ID1511 Indonesia Cotton and Products Annual Indonesia Cotton and Products Annual Report 2015 Approved By: Ali Abdi Prepared By: Thom Wright, Sugiarti Meylinah Report Highlights: Favorable cotton prices relative to synthetic fibers prices, combined with the expansion of large mills, have led to higher imports and consumption of cotton. Assuming stable cotton prices, the trend is expected to continue to MY 2015/16. Post therefore estimates MY 2014/15 Indonesian cotton imports to increase by 10 percent to 3.28 million bales and MY 2015/16 to further increase to 3.5 million bales. The depreciated rupiah supports textile and yarn exports. Commodities: Select Situation and Outlook Executive Summary The Indonesian Rupiah continues to decline, reaching Rp. 13,022/$1 on March 5, 2015. This trend is expected to continue through CY2015, creating export opportunities for Indonesian textiles. The Indonesian Textile Association (API, Asosiasi Pertekstilan Indonesia) reports that Indonesian textile exports increased by 0.6 percent to $12.85 trillion during calendar year (CY) 2014, (compared to $12.78 trillion in CY 2013). This includes an export increase of cotton fabrics from 29,000 metric tons (MT) in CY 2013 to 188,000 MT in CY 2014. Japan, Belgium, Italy, and the United States are Indonesia’s major export destinations for cotton fabric. The increase in cotton fabric exports has more than offset the slight decline in cotton yarn exports. Production Indonesia produces 0.3 percent of its total domestic cotton demand, with official reports indicating that production has decreased an av