World cotton stocks to remain tight in 2010-11

摘要

Cotton plantings in the northern hemisphere, which accounts for 90% of global production, are well under way. World cotton area, according to the International Cotton Advisory Committee, is expected to increase in 2010-11 for the first time in four seasons, to 32.9 million hectares. This expansion of 9% in cotton area is the direct result of a significant increase in cotton prices during 2009-10 and the coinciding declining prices of major competing crops (mainly grains and oilseeds).