Cotton Exports may bounce back to 14 LT in 2009-10 – ICAC reports

International Cotton Advisory CommitteeThe International Cotton Advisory Committee (ICAC) said in a statement issued, that Cotton exports may bounce back to 14 lakh tonnes in the 2009-10 season as a recovery in the global market is expected to boost demand for the fibre.

It should be noted that India's cotton season runs between October to September.

Apart from ICAC, industry experts are also looking confident that the current signs of recovery in the global market would likely to enhance demand and cotton exports may touch the level 14.45 lakh tones, which it was achieved in 2007-08 season.

Cotton exports from India, the world's second largest producer of the fibre, had registered a decline of 55 per cent to 6.4 LT in 2008-09 season against 14.45 LT in the previous season, on the back of global economic slowdown and high domestic prices.

Apart from India, Cotton consumption is forecast to start recovering in the China, and Pakistan, after a decline in the last season.