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 Agri-Biz & Commodities - Cotton
2% decline in cotton output: ICAC


Coimbatore, Nov. 12 The International Cotton Advisory Committee (ICAC) is expecting a 2 per cent decline in the world cotton production in 2007-08 to 26.1 million tonnes. The dip has been attributed to the fall in cotton acreage. The mill off take (globally), ICAC predicts would increase by 3 per cent to 27.5 mt.

The production decline coupled with increased use of cotton by mills is expected to push the stock levels by 11 per cent to 11.4 mt. According to ICAC, the world cotton imports would rise by 10 per cent to 9.1 mt in 2007-08 due to the rebound in Chinese imports. Exports from the US, India and Brazil is expected to rise significantly, ICAC reports. - Our Bureau

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