The international cotton market is strong, demand is exceeding production, world prices are up, and exports in countries such as India and Brazil are dramatically rising.
Cotton production outside the U.S. mushroomed to 100 million bales in 2006 and is hovering near record levels for 2007. India is harvesting an all-time record crop and has dramatically increased their exports.
In addition to the changes already undertaken by the United States, the farm bills passed by the House of Representatives and the Senate both contain reductions in the U.S. cotton program.
“We hope that the U.S. Trade Representative will promptly appeal this ruling as it seems unsupportable to the U.S. cotton industry,” Pucheu stated. “Current U.S. production and export levels, as well as U.S. spending levels, all seem directly contrary to a finding of current serious prejudice against the U.S. cotton program.”
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National Cotton Council of America
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