Cotton production may rise 8%
Global cotton production in 2009-10 is expected to fall by 5%
over last year, but cotton output in Pakistan may rise by 8% to
2.1 million tonnes.
According to the International Cotton Advisory Committee,
global cotton stocks are expected to fall by 13% to 10.7 million
tonnes by the end of 2009-10. This will be the largest decline
in stocks since 2002-03 which reflects a combination of lower
production and rebounding consumption.
World cotton production is projected at 22.2 million tons in
2009-10, which is 5% lower than in 2008-09 due to lower yields.
This is the third consecutive season of decline in global cotton
production, which is the result of a drop in price
competitiveness of cotton compared with competing crops, and
also, in the last two seasons, of a weakening of cotton yields.
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