New director for International Cotton Advisory Committee
06/01/2014
Since that time, he has visited government officials and cotton and textile industry representatives in Austria, Brazil, Colombia, Greece, India, Switzerland, UK and the US and spent December with the ICAC Secretariat in Washington to ensure a smooth transition.
Mr Sette was executive director of the International Coffee Organisation, a sister organisation to the ICAC, from November 2010 to November 2011 and has worked as a consultant to trade associations.
Washington DC-based ICAC has said that the global area of cotton plantation will decline in the 2014/2015 season mainly due to the expected decline in China. In 2013/14, the secretariat estimates that China’s cotton area is 4.6 million hectares, a decrease of 8% from 2012/13 and a further decline to 3.9 million hectares is expected for 2014/15.
However, this may change as planting does not start until March, and Chinese state news agency Xinhua recently indicated that trial subsidies for cotton and soybeans may be part of China’s reforms for agriculture to be implemented next year.
World stocks at the end of the current season are forecast to be 20 million tons, 56% of which will be in China.
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