Monday, the International Cotton Advisory Committee’s report, due to shrinking consumer demand for cotton, the country of export production decline ,2008-09 World cotton trade would be reduced to 6,600,000 tons, representing a decrease of 21%.

China is the world’s largest cotton importing countries, this year, China is expected to import 1.5 million tons of cotton, representing a 41 percent reduction in 2007-08. India and Uzbekistan is the second and third largest cotton exporting countries ,2008-09 than the annual export of cotton is expected to decrease about 40%. The United States is the largest cotton-exporting countries ,2008-09 was expected to export 2.6 million tons of cotton, representing a 12 percent reduction in 2007-08, while domestic cotton output has dropped significantly.

ICAC price model of the 2007 forecast ,2008-09 Cotlook A price index annual average of 61 cents / lb, interval in the 56-66 cents / lb. Cotlook A Index is the world’s Spot cotton prices barometer.

2009-10 world cotton acreage is expected to continue to decrease in prices of other crops is better, the means of production financing difficulties. World cotton production in 2009-10 is expected to 23,400,000 tons, representing 23.7 million tons annually by 1%.