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India’s cotton output to rise

Washington-based International Cotton Advisory Committee (ICAC) predicts Pakistan, Brazil, Uzbekistan and many other countries are expected to produce about as much cotton in 2013-14 as they did in 2012-13. Production forecast in China in 2013-14 remained unchanged vis-à-vis last season, while production in India may rise a few hundred thousand tons because of a good monsoon. Production in the United States is falling because of dry weather in some states.

According to the ICAC, 2013-14 world cotton production forecast is 25.6 million tons, while consumption forecast is 24 million tons. World trade forecast of the crop is 9 million tons, and world ending stocks are forecast at a record 19.8 million tons. World production will have exceeded consumption by a cumulative 11 million tons between 2010-11, and at the end of 2013-14, resulting in doubling of world ending stocks in four seasons. 

The International Cotton Advisory Committee established in September 1939 assists governments in fostering a healthy world cotton economy. Its role is to raise awareness, provide information and serve as a catalyst for cooperative action on issues of international significance. It provides statistics on world cotton production, consumption, trade and stocks and identifies emerging changes in the structure of the world cotton market. It serves as a clearing house for technical information about cotton and cotton textiles.

 
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