Broadcast Newsline: January 13, 2012

At the 2012 Beltwide Cotton Conferences Terry Townsend presented a long term economic outlook for the cotton industry.

This week's Cotton Newsline is 5 cuts.All cuts are Terry Townsend, Executive Director of the International Cotton Advisory Committee.

Suggested Introduction 1
At the 2012 Beltwide Cotton Conferences Terry Townsend presented a long term economic outlook for the cotton industry.Townsend says the biggest constraint for cotton is the lack of a breakthrough technology that will significantly increase yields.

Suggested Introduction 2
Townsend says due to this constraint there will not be significant changes in production or consumption.

Suggested Introduction 3
Townsend says over the last 50 years the cotton prices have moved up and down in stair steps.

Suggested Introduction 4
According to Townsend polyester is cotton's number one competitor.

Suggested Introduction 5
Townsend says we will continue to see consolidation within the cotton industry.

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