The Imbalances In The International Cotton Market May Extend To 2012.

2010/11/20 15:43:00 83

French textile daily

report

According to Eurocoton President Hacot

point out

In 2011, it will be a very difficult year for the textile industry. Cotton prices will probably not slow down until 2012.

If cotton production in the world is reduced for three consecutive years (2009-10) (21 million 900 thousand tons), the re production will also be delayed until 2012.

According to reports, according to the international cotton consultation

Committee

It is believed that the United States plays an important role in the global cotton production in 2010-2011, and its output should reach 41 million tons, an increase of 50%. The output of India should increase to 5 million 500 thousand tons, an increase of 8%. Of course, including China, despite the soaring cotton prices in the 2009-2010 year, the reason for the possible reduction of cotton production in China in the 2010-2011 years is not only affected by climatic conditions, but also affected by factors such as labor shortage and raising grain prices in some areas. The floods in Pakistan destroyed 10 to 30% cotton fields, and only by increasing the area of cultivation can they increase output by 2 million 200 thousand tons (8%).

The 4 countries account for 2/3 of the world's total cotton production in 2010-2011, and 1/3 of the increase will come from Brazil, Uzbekistan, Turkey and Australia.

(Ministry of Commerce)