Cotton

INTERNATIONAL COTTON ADVISORY COMMITTEE 1629 K Street NW, Suite 702, Washington, DC 20006 USA

Telephone (202) 463-6660 • Fax (202) 463-6950 • email secretariat@icac.org

COTTON THIS MONTH

December 1, 2009

Major Changes in Supply and Demand Estimates and Projections

Bangladesh: 2003/04: 2004/05: 2005/06: 2006/07: 2007/08: 2008/09: 2009/10: 2009/10: 2009/10: imports 403,000 tons (+68,000 from last month); consumption 385,000 tons (+40,000) imports 443,000 tons (+40,000); consumption 440,000 tons (+45,000) imports 487,000 tons (+7,000); consumption 495,000 tons (+20,000) imports 584,000 tons (+44,000); consumption 575,000 tons (+45,000) imports 690,000 tons (+80,000); consumption 675,000 tons (+75,000) imports 761,000 tons (+111,000); consumption 740,000 tons (+95,000) imports 767,000 tons (+100,000); consumption 777,000 tons (+100,000) imports 1.756 million tons (-44,000) production 5.185 million tons (-141,000); consumption 4.133 million tons (+96,000); exports 1.377 million tons (-48,000) production 2.113 million tons (+113,000); exports 130,000 tons (+50,000); imports 546,000 tons (-63,000) production 200,000 tons (-40,000); exports 60,000 tons (-40,000) production 2.721 million tons (-107,000); exports 2.286 million tons (-91,000) exports 788,000 tons (+44,000)

China: India:

Pakistan:

2009/10:

Syria: United States: Uzbekistan:

2009/10: 2009/10: 2009/10:

World Cotton Supply and Demand

2008/09 Million Tons Change/Month 12.03 -0.05 23.38 -0.03 35.41 -0.08 23.24 0.13 6.56 0.01 12.32 -0.11 2009/10 Million Tons Change/Month 12.32 -0.11 22.17 -0.18 34.48 -0.29 23.80 0.20 7.03 -0.02 10.68 -0.49 2010/11 Million Tons Change/Month 10.68 -0.49 24.00 0.11 34.68 -0.38 24.16 0.22 6.82 -0.19 10.52 -0.60

BEGINNING STOCKS PRODUCTION SUPPLY CONSUMPTION EXPORTS ENDING STOCKS

ICAC Price Projections

Season-average Cotlook A Index (U.S. cents per pound).

Projection Change/Month 2009/10 69* +2 * The price projection for 2009/10 is based on the ending...