In The First Six Years Of The Global 2011/12, Cotton Output Exceeds Consumption For The First Time.

Calcot, the US cotton supply and marketing cooperation agency, said that the global cotton production in 2011/12 will increase to 124 million bales and consumption will be 122 million packs.

On January 6th, Calcot of the US cotton supply and Marketing Cooperative in California said on Thursday that cotton production in the world 2011/12 exceeded consumption for the first time in six years.

Jarral Neeper, President and chief executive of Calcot, held the annual cotton conference in Atlanta (Beltwide Cotton Conference). It is expected that global cotton production will exceed "global consumption".

He said in a report that the world's cotton production in 2011/12 will increase to 124 million packs, more than 115 million 500 thousand packages in 2010/11.

He expects cotton consumption in the world 2011/12 to be 122 million bales, higher than 116 million 200 thousand packages in 2010/11.

This is the first time in six years that production is likely to exceed consumption.

Last year, guide (0) (0) commented on other comments in this article. The main reason for the sharp rise in cotton prices is that most of the past 10 years are

Neeper said that the year-end inventory of cotton will increase to 4540 Huambo in the global 2011/12 year and 43 million 400 thousand packages in 2010/11.

Neeper also said that the new cotton futures contract for December could be traded at a wide range of 80-85 cents to $1.05-1.10 per pound in the next six months, which reached 1.025 dollars per pound on Thursday.