05.08.2013 - Global cotton production forecast at 25.6 mln for 2013-14: ICAC
Global cotton production is estimated at 25.6 mn tons for 2013-14 while consumption is forecast at 24 mn tons leaving a surplus of 1.6 mn tons, according to International Cotton Advisory Committee (ICAC). World trade in cotton is estimated at 9 mn tons and world ending stocks are forecast at a record 19.8 mn tons or an eye-popping 83% of projected mill use. World production will have exceeded consumption by a cumulative 11 million tons between 2010/11 and the end of 2013/14, resulting in a doubling of world ending stocks in four seasons...............................................Full Article: Source
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