An improving global economy continues to underpin cotton demand at
higher levels than was experienced in 2008/09. Global cotton demand is
expected to be up 5 percent year-on-year in 2009/10.
“Although it is expected that higher cotton prices will lead to
increased plantings of cotton globally in the 2010/11 crop year, with
the USDA’s March 31 Prospective Planting report showing the area to
cotton in the U.S. increasing 15 percent in 2010, to 10.5 million
acres, it is likely that the pressure on closing stocks at current
demand expectations will support prices throughout the remainder of the
year..
Date:4/15/2010
Source:Journal for Asia on Textile & Apparel