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Cotton production to drop the most in 20 years

Cotton harvests worldwide will be seeing the biggest drop in two decades. Crops will tumble 11 percent, the most since 1993, to 23.2 million metric tons in the year beginning Aug. 1, as per the latest released data from the International Cotton Advisory Committee. Farmers will reduce sowing to 31.58 million hectares (78 million acres), a 7.7...

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