U.S. Cotton Acres to Rise by 14% After Price Surge, Group Says
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Cotton farmers in the U.S., the world’s biggest exporter, will increase acreage by 14 percent this year after prices jumped to a record, the National Cotton Council said.
Planting will climb to 12.5 million acres in 2011, the Memphis, Tennessee-based group of producers and merchants said today in a report on its website.