Cotton Supplies, Consumption Will Be Record High, Cotlook Says

Cotton production will exceed demand by 1.2 million metric tons in the 2011-12 season that starts Aug. 1, making up for about a third of the shortage in supplies for the past two years, industry researcher Cotlook Ltd. said. Global output will jump 13 percent to a record 27.65 million tons as demand climbs 4.4 percent to an all-time high of 26.4 million tons, Birkenhead, England-based Cotlook

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