After declining significantly in 2008-09, world cotton mill use and production are expected to stabilise in 2009-10, according to the International Cotton Advisory Committee. World cotton production is forecast slightly down at 23.3 million tons because of reduced area.

As the world economy gradually stabilises and economic prospects for 2010 improve in most parts of the world, global cotton mill use is expected to recover slightly to 23.6 million tons. World cotton imports are expected to rebound by 5% to 6.8 million tons in 2009-10, driven by increased demand.

In the last decade, cotton production and spinning have continued to grow faster in Asia than in the rest of the world. In addition, cotton has become more concentrated among the largest merchants over the past few years and this trend will continue in 2009-10. Nevertheless, global cotton trade remains very competitive.

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