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Cotton Production Will Drop, But Still Exceed Consumption

The U.S. Department of Agriculture (USDA) has made its first cotton forecast for 2013-2014: Global cotton production will continue to exceed consumption, but production will decrease and consumption will rise.

For the fourth season in a row, the world will produce more cotton than it uses, but production will drop 3% to 117.8 million bales, its
lowest in three seasons. 70% of the world’s cotton will be produced in China, India, the U.S. and Pakistan.

As for consumption, the world will consume 100.4 million bales of cotton–up 2% from the present season. China, India, and Pakistan, as the leading manufacturers of cotton garments in their mills, will consume 65% of the cotton produced.

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