Global cotton production is expected to reach 28.74 million tons in the new year

Recently, Joe Nicosia, executive director of Alan Cotton, said that if the weather is good, US cotton production in 2011/12 will exceed 4.35 million tons, global cotton production will reach 28.74 million tons, but if there is an accident, the total output will be It may drop to around 27 million tons and cotton prices will continue to operate at high levels.

Nicosia stated that the new and old cotton annual transitional period market must be self-regulating by reducing cotton inventories, increasing the use of chemical fiber, shortening the transportation process, and improving the efficiency of shipping. The demand for cotton needs to be reduced by 1.089 million tons to ensure the normal market. run.

Nikkosia believes that the 2011/12 season is an excellent opportunity for cotton cultivation and he recommends that producers grow as much cotton as possible. However, considering that market fluctuations are inevitable and risks remain, it is advisable for producers to hedge and lock in profits. Nikocia expects the new global cotton price to fluctuate between 90-180 cents/lb.