World cotton production is expected to increase by 2 percent in 2006/07 to 25.5 million tons, still below the 2004/05 record of 26.3 million tons. 2006/07 world cotton consumption is forecast up 3 percent to 25.1 million tons, still below cotton production. As a result world cotton stocks are expected to continue to rise during 2006/07 to 11.7 million tons, the highest ever.
The ICAC met for the first time in Washington, D.C. in April 1940. At first, membership was limited to cotton producing countries. After the fourth meeting, an invitation to join the Committee was extended to all other United and Associated Nations substantially interested in the production, export or import of cotton.
The International Cotton Advisory Committee
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