the largest in recent history. Moreover, a further reduction in stocks appears likely in the coming 2010/2011 season, despite the good, early development of the Northern Hemisphere new crops.

The start to cultivation cycle in the United States has been described as one of the best in recent times. Optimism has also been expressed over the production outlook in Uzbekistan and Pakistan, while monsoon rainfall patterns remain encouraging in India. One important exception to the general trend involves China, where the spring has been wetter than would be desirable.

Spinning activity has remained strong in a number of countries, despite high raw cotton prices. Reports point to plans for additional investment in new production capacity during the second half of the year.

Full details of Cotlook’s figures for this season and next are published in this week’s edition of the weekly Cotton Outlook magazine. For details of how to subscribe please visit www.cotlook.com.