DNFI
(Source: DNFI)
World production of natural fibers is estimated at 33.7 million tons in 2022, compared with a preliminary 33.3 million tons in 2021 and 31.6 million in 2020. The DNFI Composite Price dropped 2% in July 2022 to US$ 2.19/kg, compared with $2.23/kg the previous month. The DNFI Natural Fiber Composite Price is an average of prices in major markets for cotton, wool, jute, silk, coir fiber, and sisal, converted to US$ per kilogram ($/kg) and weighted by shares of world production.
The DNFI Composite was pulled downward primarily by a 9% decline in the Eastern Market Indicator of wool prices in Australia, which fell from $10.27/kg in June to $9.38 in July. Prices of jute fiber in India quoted by the Jute Balers Association (JBA), Kolkata/India, at the end of July were unchanged from a month earlier, but with depreciation of the rupee versus the dollar, calculated prices fell from $ 0.84 to $ 0.82/kg. Prices of silk in China equaled $29.50/kg in July 2022, coconut coir fiber in India held at $ 0.21/kg, and sisal in Brazil finished July at $ 0.41/kg.
Cotton prices were the highest in a decade during 2021/22, and world cotton production is estimated by the International Cotton Advisory Committee (ICAC), Washington, DC/USA, at 25.8 million tons during the 2022/23 season which began August 1, 2022, up from 25.4 million in the season just completed. Extreme drought in Texas, the largest producing state in the USA, is limiting the rise in world production.
World production of jute and allied fibers is estimated unchanged at 3.2 million tons in 2022 compared with 2021. High market prices in 2021 motivated farmers to expand planted area in both Bangladesh and India, but dry weather in jute-growing areas during June and July has undermined earlier optimistic hopes for yields.
Production of coir fiber rose by an average of 18,000 tons/year during the past decade, and production was record high at 1.12 million tons in 2021. Production is expected to remain high in 2022. Flax has also been trending upward, rising by an average of 27,000 tons/year, and production in 2022 is estimated to remain above 1 million tons.
World wool production is forecast up by 5% in 2022 to 1.09 million tons (clean), the highest since 2018. Wetter weather in the Southern Hemisphere, following 8 years of drought, is allowing farmers to rebuild herds.
The Discover Natural Fibres Initiative (DNFI) facilitates the exchange of information and experiences and works to advance the common interests of all natural fibers in the face of competition with oil-based and wood-based man-made fibers.
The DNFI Composite was pulled downward primarily by a 9% decline in the Eastern Market Indicator of wool prices in Australia, which fell from $10.27/kg in June to $9.38 in July. Prices of jute fiber in India quoted by the Jute Balers Association (JBA), Kolkata/India, at the end of July were unchanged from a month earlier, but with depreciation of the rupee versus the dollar, calculated prices fell from $ 0.84 to $ 0.82/kg. Prices of silk in China equaled $29.50/kg in July 2022, coconut coir fiber in India held at $ 0.21/kg, and sisal in Brazil finished July at $ 0.41/kg.
Cotton prices were the highest in a decade during 2021/22, and world cotton production is estimated by the International Cotton Advisory Committee (ICAC), Washington, DC/USA, at 25.8 million tons during the 2022/23 season which began August 1, 2022, up from 25.4 million in the season just completed. Extreme drought in Texas, the largest producing state in the USA, is limiting the rise in world production.
World production of jute and allied fibers is estimated unchanged at 3.2 million tons in 2022 compared with 2021. High market prices in 2021 motivated farmers to expand planted area in both Bangladesh and India, but dry weather in jute-growing areas during June and July has undermined earlier optimistic hopes for yields.
Production of coir fiber rose by an average of 18,000 tons/year during the past decade, and production was record high at 1.12 million tons in 2021. Production is expected to remain high in 2022. Flax has also been trending upward, rising by an average of 27,000 tons/year, and production in 2022 is estimated to remain above 1 million tons.
World wool production is forecast up by 5% in 2022 to 1.09 million tons (clean), the highest since 2018. Wetter weather in the Southern Hemisphere, following 8 years of drought, is allowing farmers to rebuild herds.
The Discover Natural Fibres Initiative (DNFI) facilitates the exchange of information and experiences and works to advance the common interests of all natural fibers in the face of competition with oil-based and wood-based man-made fibers.
