Indonesia: Cotton and Products Update
Favorable cotton prices relative to synthetic fiber prices, combined with the expansion of large mills, have led to higher imports and consumption of cotton in MY 2014/2015. However, continued depreciation of the Indonesian rupiah against the U.S. dollar and weak demand from major importers is lowering demand for Indonesian textile and textile products. Post therefore estimates MY 2014/15 Indonesian cotton imports to increase by 10 percent to 3.3 million bales while MY 2015/16 Indonesian imports of cotton will decline to 3.1 million bales.
