China is not only the largest producer, but also the top importer of cotton, consuming almost 50 million bales this year, of which almost 20 million were imported. . . India has also emerged as one of the major cotton producers in past couple of years and in experts opinion the country is showing no signs of slowing down. . . These two Asian giants are top competitors for the US when it comes to cotton output and sale. . . However, analysts suggest that the US needs to cater to the specific requirements of the export market and though tough, with technological and other advances this should not be a massive challenge. . . Source: BVOM.com
Date:12/12/2006
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