What is in this article?:
- Global 2010-2011 cotton production to rebound on strong market prices
- World 2010/11 cotton trade to surge due to robust Chinese demand
- World cotton production in 2010/11 is forecast at 115.5 million bales, up 14 percent from a year earlier, as producers respond to strong market prices for the fiber. Production in major cotton producing countries, such as Australia, Brazil, and India is expected to rise to record highs, and, in others, the 2010/11 crop is estimated at levels not attained in recent years.
- World 2010/11 cotton trade to surge due to robust Chinese demand.
World 2010/11 cotton trade to surge due to robust Chinese demand
World 2010/11 cotton trade is forecast at 38.7 million bales, a 9-percent rebound from the previous year and the highest in 3 years. The United States, the world’s leading exporter of the fiber, is expected to export 15.8 million bales in 2010/11, up 31 percent from the preceding year and highest export volume since the 2005/06 marketing year. India, which continues to put restrictions on cotton exports, is expected to export 4.8 million bales in 2010/11, a 27-percent decline from a year earlier.
Australia’s 2010/11 exports are expected to increase for the second consecutive year to 2.7 million bales, up 28 percent from the previous year. Brazil is forecast to export 2.65 million bales in 2010/11, an increase of 33 percent from a year earlier. Increased demand for cotton from China and restrictions on cotton exports from India are expected to contribute to strong export responses from several major exporting countries.
China’s 2010/11 imports are expected to rebound 38 percent to 15.0 million bales from the previous year amidst growing concerns over declining Chinese production and ending stocks. At 15.0 million bales, China’s share of global imports will be 39 percent, the second highest trade share on record.
Bangladesh, currently the world’s second largest importer of the fiber, is forecast to import a record 34.95 million bales in 2010/11, up 4 percent from a year earlier. In Turkey, Indonesia, and South Korea, 2010/11 imports are expected to decline 29 percent, 8 percent, and 1 percent, to 3.1 million bales, 1.9 million bales, and 1.0 million bales, respectively, from the previous year.