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Cotton crop worldwide seen falling

Farmers are making more money planting grains even after the fibre's rally

Bloomberg  |  New York 

The global cotton harvest will probably tumble more than expected in the coming year, as farmers make more money planting grains even after the fibre's rally, the International Cotton Advisory Committee (ICAC) said. Output may be less than ICAC's estimate on March 1, Terry Townsend, executive director, said in an interview, without providing a number. Farmers may reap 22.56 million tonnes in the 12 months starting August 1, a 14 per cent plunge from 26.26 million tonnes this year, the committee said earlier this month. Usage will be 23.8 million tonnes versus 23.3 million tonnes. ...

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First Published: Thu, March 21 2013. 22:32 IST