The Hindu Business Line : Global cotton exports may rebound in 2009-10

NEW DELHI: Global cotton exports are likely to rebound in 2009-10 by 8.1 per cent to 6.6 million tonnes on recovery in demand in China, India and Pakistan, the three largest cotton consumers in the world, an international cotton body has said.

India, the world's second-largest cotton producer, is likely to account for most of the expected rise in exports, with shipments forecast to double at 1.2 million tonnes in 2009-10, the International Cotton Advisory Committee (ICAC) said in a statement.

“The world imports are projected to be higher by 11 per cent at 6.6 million tonnes. An expected increase in imports by China to 1.7 million tonnes would significantly contribute to this rebound,” it said.

World cotton trade declined in 2008-09 due to a sharp reduction in demand in China, the largest cotton consumer, accounting for around 40 per cent of global cotton mill use.

The global cotton consumption is forecast to increase slightly to 23.1 million tonnes this year, assuming a modest recovery in the world economic growth in 2010, it said. According to the ICAC, cotton consumption may slightly recover in China (Mainland ), India and Pakistan, but continue to decline in many smaller consuming countries. Nevertheless, the world cotton trade is expected to recover even as production is projected to decline for the third consecutive season in 2009-10 to 23.4 million tonnes. - PTI

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