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In presenting the NCC’s 2009 Economic Outlook to delegates attending the NCC’s 71st Annual Meeting, Adams said, “For the 2009 marketing year, reductions in cotton production will be evident in more countries than observed in previous years. Also, mill use is expected to recover based on independent economic projections calling for recovery by calendar 2010.” He reiterated, though, that these projections are dependent on the wildcards of overall global economic performance and impacts of policy changes. In describing the world outlook for 2009, Adams said world cotton production is projected to fall 4.3 million bales to 105.5 million bales – the smallest crop since 2003. World mill use will recover to 113.8 million bales. The smaller crop and increased mill use would allow stocks to decline to 56.3 million bales from 62.2 million in 2008. Looking at the 2009 world cotton market, Adams said China and India will continue to be important players. He said both countries governments have mad...