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The continued depreciation of the Indonesian rupiah against the U.S. dollar, depressed consumer purchasing power, and global economic slowdown is lowering demand for Indonesian textiles and products.
Marketing Year (MY) 2016 Turkish cotton area and production are projected to increase about 15 percent.
Post/New marketing year (MY) 2016/17 total Mexican cotton production is forecast to decrease approximately 4 percent due to an expected decrease in planted area.
Post’s production estimate for MY 2015/16 is lowered to 27.5 million 480 lb. bales.
MY 2015/16 production is expected to fall to 119,000 bales due to unfavorable weather in the southwestern region around Jessore.
Turkey was the 11th-largest export market for U.S.agricultural products in calendar year 2011.
High cotton prices, especially relative to man-made fibers, have helped accelerate the decline in cotton’s share of global fiber consumption over the last several years.
Brazilian crop and livestock production continues to expand, building on rapid gains over the past few decades.