Recently, the International Cotton Advisory Committee (ICAC) released in April forecast that global production and demand, 2010/11 world cotton production will resume growth.
    2010/11, world cotton planting area is estimated at 32.6 million hectares, an increase of 8%, however, still not more than 33 million hectares of the nearly 30-year average. U.S. cotton planting area expected to be 4.3 million hectares, up 15%, harvested area is expected to 3.9 million hectares, an increase of 24%. China, India and Pakistan's cotton growing area of growth is limited. In addition, Turkey, Turkmenistan, Brazil, Zimbabwe, Egypt, Greece and other countries in the area will increase.
    If normal weather this year, global cotton average yield is estimated at 759 kg / ha, an increase of 4%, and average over the past five years flat. Global cotton production is estimated at 24.74 million tons, up 12.25%, of which U.S. production is expected to increase by almost 1 million tons, India and China, production is expected to increase by 40 million tons each. Output growth is expected to more than 100,000 tons of the country are in Pakistan, Brazil, Uzbekistan, Turkey and Australia.
    2010/11, world cotton consumption is estimated at 24.57 million tons, up 2.03%, mainly driven by economic recovery, but high cotton prices will restrain demand for cotton. Global cotton imports are expected to slightly increase to 7.58 million tons, of which China imports 242 million tons, up 21%. However, Turkey, Pakistan and Mexico, increased output, imports decreased. U.S. cotton exports are forecast to 2.77 million tons, up 6.54%; India's cotton exports are expected to reduce to 1.18 million tons. Global ending stocks are projected at 10.5 million tons, up 1.65%.
    ICAC forecast 2009/10 average test Truck A index is 75 cents, up 23% year on year, 95% CI 71-80 cents. 2010/11 examination Truck A index was 82 cents, up 9% year on year, 95% CI 70-96 cents. However, there are still many uncertain factors in the commodity market, the price drop is still significant risk. Taking into account this factor, the actual fluctuations in the price range should be 70-82 cents.
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