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Commodities Briefing - Categorized | Agriculture, Performance more

Global cotton production up in 2012/13:ICAC

Posted on 04 February 2013

The global cotton market is showing a confusing trend as the usual volatility was absent during the first five months of 2012/13 season but suddenly spiked in mid-January, according to International Cotton Advisory Committee.
The Cotlook A Index rose to the highest levels in the current season on January 31, 2013 at 90.35 cents per pound, ICAC observed. In 2012/13, global cotton production is estimated down by 5%, while cotton mill use is expected to rise by 2%. However, production at 25.9 million ton remains much larger than consumption at 23.3 million tons……………………………………..Full Article: Source


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