Source: fibre2fashion news desk - india
An Indian delegation from Ministry of Textiles attended the 2 day cotton workshop in China convened by the International Cotton Advisory Committee on June 21-22, 2011. The workshop was also attended by official delegations from China, United States of America and Pakistan. The discussion centered on global practices for estimation of cotton production, cotton use, cotton stock and cotton prices. The delegates from India made presentations on Indian practices for Estimation of Cotton Production; Measuring Cotton Prices; Estimating Cotton Usage and Estimating Cotton Stocks.
The Cotton Conference projected that world cotton production in 2011-12 cotton season is projected to rise by 8% to 26.9 million tons, cotton mill use will rise by 2% to 25 million tons, ending stocks will increase by 20% to 10.9 million stocks with global stock to use ratio increases from 37% in 2010-11 to 43% in 2011-12.
This information was given by the Minister of State in the Ministry of Textiles, Smt. Panabaaka Lakshmi, in a written reply in the Lok Sabha.