COTTON DEMAND SEEN OUTSTRIPPING SUPPLY (world production is expected to rise by 1.8 million tonnes to 20.9 million tonnes).

(From India Business Insight)

Cotton consumption across the globe is likely to be on the rise resulting in a drain on stocks. Price of cotton is also expected to rise and the Cotlook-A Index, the measure for international cotton prices, has increased by less than 50 cents per pound during early 2002-2003 to 61 cents per pound during Mar 2003.

International Cotton Advisory Committee (ICAC) has revealed that the price of synthetic fibres is on the rise owing to the …