Global World cotton trade to rebound in 2011/12

World cotton production in 2011/12 is forecast at a record high of 122.7 million bales, a 7-percent increase from the preceding year as producers respond to favorable market prices and a much improved credit environment. While 2011/12 production is expected to decline in the United States, gains in other major producing countries such as Australia, China, India, Pakistan, and Uzbekistan, are expected to result in the global all-time high.