Global cotton production and the sharp decline in the volume of trade

In the 2008-09 cotton season, the world’s cotton production is estimated to reach 108.3 million bags, a decrease of 10.2 percent from a year ago. In the 2008-09 cotton season, the world’s cotton acreage fell by 6.3%, reducing 30.9 million hectares, mainly the United States and Brazil, the cotton planting area caused by a sharp cut-back. U.S. cotton acreage fell by 26.3 percent, to 3.1 million hectares. Brazil’s cotton acreage fell by 18 percent, to 885,000 hectares.

U.S. Department of Agriculture in a latest report said that the high cost of kernel and oilseeds to cotton fabric acreage to other plantings has assisted to the alteration, this is because other plantings can be more favorable rebate. The biggest decrease in yield is approximated that the United States, in the 2008-09 cotton fabric time of the year of cotton fabric output is anticipated to fall to 12.8 million sacks, about a third smaller than a year ago. Other foremost cotton-producing nations is approximated that cotton fabric output will drop.

,2008-09 in China’s cotton material cotton quarter goods produced prediction to arrive at 35.8 million pouches, 1.2 million packets declined from a year in the past (3.2%). China’s cotton material acreage prediction to arrive at six million hectares, down 3.2% from a year ago. The Chinese government for a buffer of quite small costs of the consequence of in the household cotton material goods produced in rank to warranty the procurement charge of cotton. India’s cotton material goods produced is assessed to arrive at 23 million pouches, declined 6.5 out of 100 from a year ago; and Brazil’s cotton material goods produced is assessed to arrive at 5.8 million pouches, down 21% from a year in the past, the report shows that the U.S. Department of Agriculture.

Cotton in the 2008-09 season, the global cotton trade fell 26 percent forecast, 28.6 million package to reduce. The main weakness of the trade forecast by the relatively low yields and weak international demand. As the world’s major cotton importing countries of China’s 2008-09 cotton season is estimated at 7,000,000 bales of cotton imports, fell 39 percent from a year ago. From the world’s second-largest cotton exporter in India’s cotton exports are expected to decline 72%, reduce 2 million packets, and in fiscal year 2007-08, India’s cotton exports have created a record of 7 million package. Indian authorities to the minimum support price from the farmers to purchase the remaining cotton, India, the minimum support prices higher than world market prices. Domestic minimum prices discouraged the establishment of the Indian cotton in the international market sales.

In the 2008-09 cotton season, from Uzbekistan’s cotton exports are forecast to be 32 percent decline, to reduce packet 3000000. And from the African franc zone cotton exports is estimated to reach 2.3 million bags, 12 percent decline from a year ago. From cotton exports in the United States is estimated to have declined 8.4 percent, lower packet 12500000; despite the drastic decrease of cotton production, competitive prices make exports to the United States as other countries to avoid sharp decline, as a result, the United States in the international cotton trade share is expected to rise, the U.S. Department of Agriculture’s report added.