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Cotlook releases initial supply & demand forecasts for 2009/2010
20 Feb '09
1 min read
Cotlook's first projections suggest that world stocks will undergo little change during the course of 2009/10, having increased during each of the previous five seasons (most notably in 2004/05).
Global production is expected to fall by a further 1.7 percent (having dropped sharply in 2008/09), with farmers in many countries reacting to this season's higher production costs and unrealised price expectations.
Cotlook's forecast of a recovery in world consumption of 1.7 percent is predicated upon expectations of an upturn in global economic activity towards the end of this year. Any improvement in offtake seems likely to be focused heavily in the largest Asian yarn-producing nations.
Global production is expected to fall by a further 1.7 percent (having dropped sharply in 2008/09), with farmers in many countries reacting to this season's higher production costs and unrealised price expectations.
Cotlook's forecast of a recovery in world consumption of 1.7 percent is predicated upon expectations of an upturn in global economic activity towards the end of this year. Any improvement in offtake seems likely to be focused heavily in the largest Asian yarn-producing nations.
Cotlook Limited
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