Cotton Production Area Is Expected To Decrease In October 09.

Today, the international cotton advisory committee reports that in the 2009-10 year, the world cotton planting area is expected to be reduced by 3% to 30 million 100 thousand hectares because of the decline in cotton returns, the more attractive price of competing crops, and the difficulty in obtaining loans for production costs, resulting in a three year decline in planting stock.

In the 2009-10 year, world cotton production is expected to decrease by 1% to 23 million 500 thousand tons, lower than the current 2008-09 output of 23 million 700 thousand tons.

Cotton consumption in the world cotton mill has hardly changed in the past 2009-10 years, compared to 23 million 900 thousand tons, compared to 23 million 800 thousand tons in 2008-09.

In the 2009-10 year, world cotton exports were expected to be 7 million 500 thousand tons, compared with 6 million 300 thousand tons last year, and the amount of cotton used in China's textile mills will rise slightly.

The ICAC 2007 price model predicts that the annual average price of Cotlook A index in 2008 to 09 years will be 56-65 cents per pound, down 72.90 from last year's rate, or 18%.

The Cotlook A index is a barometer of world cotton prices. The adjusted world cotton price released by the US Department of agriculture will serve as a reference for the A index. The adjusted world cotton price will determine the amount of cotton loans the US Department of agriculture has.

Editor in chief: Xu Qiyun