Current Cotton Scenario
The First meeting of the Cotton Advisory Board (CAB) for the cotton year 2009-10 was held under the chairmanship of Shri A.B. Joshi, Textile Commissioner on 13.11.2009 (Friday) at 11.00 AM in the Conference Hall of the Textile Commissioner’s Office, Mumbai.
As regards the international price scenario, thelatest release of November, 2, 2009 of the ICAC had estimated world cotton output at 22.34 million tonnes for the year 2009-10 against the estimated world cotton use of 23.60 million tonnes. The estimated production in 2009-10 is 4.57% lower than the 2008-09 output of 23.41 million tonnes.
Further Revision of Cotton Production for season 2008-09:-
CAB is revised its crop estimate at 290.00 lakh bales of 170 kg. each (inclusive of 12.00 lakh bales of loose cotton) as adopted by CAB in its last meeting held on 29.8.2009 may be seen from the table given below. The cotton season 2008-09 has just concluded on 30.09.2009 and the pressed bale figures are yet to be received from the ginning and pressing factories which may take some time to compile the said data. Therefore, the earlier estimate of 290.00 lakh bales of 170 kg. each (inclusive of 12.00 lakh bales of loose cotton) has been retained.
Production and Consumption Rising in 2010/11-
As per the ICAC’s report for the month of Jan-2010, 2010/11 world cotton production is forecast at 24.2 million tons up nearly 10%. 2010/11 production in China is forecast at 7.7 million tons, one million tons higher than in the current season. Most of the gain is expected to come from increased area in response to higher domestic prices. 2010/11 Production in India is estimated little changed from 2009/10 as most of the gain in yields tied to improved technology has already been achieved. U.S. production is expected to climb by one-tenth to reach three million tons, primarily because of increased cotton area. Production in Pakistan, Brazil and Uzbekistan, collectively, is estimated at 4.6 million tons in 2010/11. The three countries are accounting for 4.3 million tons of production in 2009/10.
