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World ending cotton stocks to decline 8% - ICAC
02 Mar '16
3 min read
Pakistan's production is estimated down 34 per cent to 1.5 million tons due to pest pressure and inferior inputs lowering yields.
“In 2016/17, poor returns for competing crops and relatively stable cotton prices may encourage farmers to plant more cotton, and cotton area may expand 1 per cent to 31.9 million hectares,” ICAC noted.
Modest increases in cotton area in India, Pakistan and the United States are expected to offset losses in China, Brazil and Uzbekistan. World cotton production is projected to increase by 3% to 23 million tons in 2016/17. (AR)
Fibre2fashion News Desk - India
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