Indonesia: Cotton and Products Annual
The continued depreciation of the Indonesian rupiah against the U.S. dollar, depressed consumer purchasing power, and global economic slowdown is lowering demand for Indonesian textiles and textile products. Indonesian cotton consumption is thus expected to fall in MY2015/16 to 2.64 million bales, compared to the previous estimate of 3.15 million bales. Post also reduces its estimate of MY 2015/16 Indonesian cotton imports to 2.5 million bales from the previous estimate of 3.1 million bales. MY 2016/17 Indonesian cotton imports are forecast to increase modestly to 2.75 million bales as the result of Government of Indonesia (GOI) regulations that minimize import costs.
