* Global production will exceed consumption and push prices down* 2010/11 is the most turbulent period of cotton prices in decades Reuters, Washington, October 3 -- International Cotton Advisory Committee (ICAC) said on Monday, 2011/12 Global cotton production should increase, and the extremely oscillating price movements in the previous year have eased; however, US cotton production will be lower than the government's estimate.
According to the ICAC, the report on the US cotton underpayment in the United States and the survey on crop insurance claims in the United States show that the cotton yield in 2011/12 will be lower than the USDA estimate.
According to the ICAC, US cotton production in 2011/12 will be 3.4 million tons, which is 200,000 tons lower than USDA's estimate made in September.
The organization said that global cotton production will reach 26.6 million tons, pushing year-end inventory from 9 million tons to 10.9 million tons.
The tight global cotton stocks and government intervention in the previous year caused cotton prices to show the most volatile trend in decades. The ICAC pointed out that cotton is the most volatile species among the 53 commodities tracked by the International Monetary Fund (IMF) in 2010.
The ICAC said that the increase in cotton consumption in 2011/12 is expected to be slower than the increase in production, from 24.4 million tons in 2010/11 to 24.7 million tons, and the price is expected to stabilize.
Global Cotton Supply 09/10 10/11 11/12 09/10 10/11 11/12
(Million tons) (million bags)
Output 22.2 24.9 26.6 102 114 122
Consumption 25.3 24.4 24.7 116 112 114
Exit 7.8 7.7 8.1 36 35 37
Ending stocks 8.6 9.0 10.9 40 41 50
Skirt, mainly refers to women's nakedness. What people usually say about skirts is that they exist in an independent form. But sometimes also the lower half of the dress. Usually from adult women to girls are worn. As an exception, there are Scottish men wearing pleats of equal length.
Skirt is a kind of clothing around the waist below, mostly for women. Skirts are two basic forms of underclothing ( the other is trousers ). It was the earliest human costume. Because of its good ventilation and heat dissipation performance, convenient for wear, free movement and changeable style, it is widely accepted by people, especially by women and children.
In addition, government officials and military forces in some countries are no exception. Such as Fiji and western Samoa in the south Pacific and even the president, in formal occasions are wearing plain skirt; And the guards in front of the presidential palace gate wearing a red shirt, wearing a white skirt, skirt along also made zigzag, unique. The kilt worn by Scots is not a climate cause, but a symbol of national culture. Chinese Uighur women wear skirts all the year round.
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