Indonesia: Cotton and Products Update
Favorable cotton prices relative to synthetic fibers prices, coupled with the expansion of large mills, have led to higher imports and consumption of cotton. Based on import realization, Post revised MY 2012/13 Indonesian cotton imports to 3 million bales from the previous estimate of 2.6 million bales. MY 2013/14 Indonesian imports of cotton are estimated to remain at 3 million bales, and MY2014/15 are forecast to reach 3.1 million bales. The depreciated rupiah supports textile and yarn exports.
