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Cotton to Suffer 11.8% Drop-off in Global Consumption

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Cotton consumption is projected to decline 11.8 percent in the 2019-2020 season, according to the International Cotton Advisory Committee’s (ICAC) monthly report. ICAC also forecast a 4 percent decrease in planted land in 2020-21 and a 4 percent falloff in production in the same period, all caused by the economic downturn from the coronavirus pandemic….

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