The
ICAC report notes that world cotton production is forecast to rebound
by 10 percent to 24.4 million tons. World cotton mill use is expected
to continue to recover in 2010-11, growing by 3 percent to 24.8 million
tons, driven by continued improvement in global economic growth. World
cotton trade is projected to increase slightly in 2010-11 to 7.5
million tons. A small reduction in cotton ending stocks is expected in
2010/11″.Cotton prices increased sharply in February 2010, the
ICAC says. Cotton prices are being supported by reduced production and
rebounding mill use, which are expected to generate a 15 percent drop
in global cotton stocks
Date:4/7/2010
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