World Cotton Outlook: Projections to 2015/16
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The Global Fibers Model developed at the Cotton Economics Research Institute at Texas Tech University was used to generate 10-year projections of cotton and textile production, mill use, and trade for 24 countries/regions under specified assumptions for macroeconomic variables, weather, and policies/programs, referred to as the baseline. Global results and results for selected major countries are presented here. Results indicate a continued dominance of China in textile production and cotton trade, rising global production of cotton, and shifting cotton export market shares, with the U.S. losing and Brazil gaining.