Global cotton production in 2010/11 is forecast at 24.2 million tons up nearly 10%, according to International Cotton Advisory Committee (ICAC). The production in China is forecsted at 7.7 mn tonnes in 2010/11, 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.

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.

Forecasts by the IMF, UNCTAD, the U.S. Federal Reserve and OECD all
indicate that the recovery in world GDP growth during 2010 and 2011
will be gradual. Accordingly, since income growth is an important
explanatory variable in models of fiber use, projections of world fiber
use at the consumer level for 2010 and 2011 indicate only modest
growth.

Based on the expected change in the ratio of ending stocks to use
outside China and the average Cotlook A Index to date, the 2009/10
Cotlook A Index is estimated at 70 cents per pound. The 95% confidence
level extends from 64 cents to 77 cents.

Source: Commodity Online

Search to find what you want

• Global cotton mill use to back in 2010-11

    World cotton mill use fell by 12% to 23.3 million tons in 2008/09, driven by the global economic and financial crisis that resulted in a sharp drop in consumption of textile products, according to International Cotton Advisory Committee (ICAC). ICAC’s projection for 2009/10 has become more optimistic over the last

• Azerbaijan s oil production tops 4 million in January

    Azerbaijan produced 4,286,000 tons of oil in January 2010.

• In October, SOCAR, increasing global oil production by 2.6% and its own production by 3.4%

    This October the State Oil Company of Azerbaijan (SOCAR) increased overall oil production by 2.6% as compared to September of the year, with increase of its own production by 3.4% by the SOCAR oil and gas producing divisions (NGDUs). For Jan-Oct 2009 overall oil production (taking into account gas condensate)

• Indonesia coal output to rise in H2, the exports are flat

    It is estimated coal production will rise by 5.7 percent in the second semester from a year earlier, to bring full-year output growth to around 5 percent, although exports will remain stagnant on slightly slower demand, an industry grouping says. In the first half of the year, coal production reached

• Russia Ministry: 2010 Oil Output Rise to 0.16% from 2009

    Russian crude oil output in 2010 will probably rise slightly from its post-Soviet record last year, the Energy Ministry said. Oil and gas-condensate production is expected to increase 0.16% on the year to 495 million metric tons (3.6 billion barrels) in 2010, the ministry said in a report on its

• Ukraine steel production expected by 7% -8% in 2010

    Ukraine’s Metallurgprom forecasted in accordance with steel production data in Jan.1 that Ukraine’s major steel production is expected to raise 7-8%. Thereinto, finished steel output may rise by 7% year on year to 28.654mln tons. Crude steel output may boost by 8% to 32.102mln tons, while the pig iron production

• Coal production increased by 20 million tonnes

    The Department of Energy and Mineral Resources will boost coal production by 250 million in 2010. The target was an increase by 20 million tons of the this year’s coal production. Director General of Mineral, Coal and Geothermal at the Department of Energy Bambang Setiawan said the production growth aims at

• Indonesia Coal power can lead to 309 million tonnes in 2014

    Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-general for coal, minerals and geothermal at the energy ministry, said today. Copper output may fall to 944,919 tons in 2014 from 1.02 million tons this year, while tin

• Azerbaijan raises oil and gas production to 10 months

    Oil production in Azerbaijan made 42,257,100 tons in January-October of 2009 which is a 12.1% growth over the same period of the last year, sources in the state statistical committee have said. The Jan-Oct oil production in Azeri-Chirag-Guneshli fields grew 15.2% up to 35,200,000 tons of oil or 83.3% of

• TNK-BP takes mature approach

    TNK-BP’s most mature production asset, Orenburgneft, appears to have has played a surprisingly important role in the company’s expected 2.5% crude output increase in 2009. Together with the firm’s new fields — Uvat, Verkhnechonsk and Kamennoye — Orenburgneft output helped offset a production decline of 3—4% in 2008 at the

• China Crude Stainless Steel Market In order to achieve 27% Annual Growth

    China took the lead to resume its economy in 2009 and made positive anticipation for economic situation in 2010.

• 4Q Ferrexpo iron ore output by 24.3% to 7.66 million tonnes

    Ferrexpo PLC, a U.K.-listed, Swiss-registered iron ore miner with operations in Ukraine, Friday said its fourth quarter iron ore production was up 24.3% to 7.66 million metric tons year-on-year. Ferrexpo’s iron ore production in the fourth quarter of 2008 was 6.16 million tons. “Slow but steady recovery in European steel

• Global wheat output may decline in 2010: IGC

    Global wheat production is expected to witness a sharp fall in the 2010-11 season due to lower acreage and the average production after two seasons of high productivity, said the International Grains Council last week. The global wheat production is likely to dip by 23 million tonnes to 645 million

• Short for oil recovery in the second half

     China’s oil imports grew marginally in the first half as the country’s economy slowed, but may see further growth in the second half as demand improves, said industry insiders. The small growth in oil imports from January to June was largely due to the weak domestic demand. However, oil imports are

• Short for oil recovery in the second half

     China’s oil imports grew marginally in the first half as the country’s economy slowed, but may see further growth in the second half as demand improves, said industry insiders. The small growth in oil imports from January to June was largely due to the weak domestic demand. However, oil imports are