When the cotton fields of Morocco bloomed, the global economy was booming.
For years, the country had depended on the cheap cotton it grows in South Africa and Nigeria.
But that cotton had begun to fail, and it would take a huge amount of capital to rebuild the cotton industry.
And as it has, the economy has contracted as the cost of cotton has skyrocketed.
So the world’s cotton growers are scrambling to find ways to recover.
“What we have now is a situation that is unprecedented in history,” said Carlos Carreras, head of the International Cotton Council.
“It is an extraordinary crisis.
We have no idea what to do, and we don’t know how to respond.”
The crisis is not only a question of money.
It’s also a question about cotton.
The global price of cotton, a major export commodity, has plummeted by a staggering 20% since 2013.
The crisis in the cotton business is the largest-ever global financial impact of the global economic downturn.
It has led to a $7.7 billion loss in the country’s cotton exports last year, and $20 billion in the United States alone.
This year, the United Nations estimates that the global cotton market will drop from $13 billion to $6.8 billion by 2021, and by 2030 that number is expected to fall further, from $1.6 billion to less than $400 million.
That’s due to global demand for cotton and global demand from China, which is the world leader in cotton production.
But the global crisis has not only impacted the global market.
For some countries, cotton has lost its value.
For others, the economic impact of declining cotton production has been even more dramatic.
The global crisis and its impact on cotton has been compounded by the impact of a global food shortage that is killing millions of people around the world.
According to the United Nation, 1.4 billion people, or 3.5% of the world population, live in areas that are “food insecure.”
The United Nations says that hunger in the developing world is on the rise.
The problem is not just a global one, it is also a regional one.
In India, the world-leading producer of cotton and the world market for cotton, there are more than 100 million farmers who cannot afford to sell their cotton to a growing global market, the UN estimates.
In the United Arab Emirates, there’s no market for the cotton crop.
In Niger, the cotton is not being grown to meet a growing demand from countries like China, Saudi Arabia and the United Kingdom, said Menno van den Berg, a senior economist at the U.N. Department of Economic and Social Affairs.
“There is a major gap in the market,” he said.
And in the Philippines, the demand for the crop has been reduced by more than half.
The Philippines, with one of the largest cotton markets in the Middle East, is also the world largest cotton producer.
“The main thing is the availability of raw materials, especially raw materials for fertilizers and pesticides, and also for the raw materials,” said Rizal Bocci, a researcher at the Philippine Institute of Agriculture and agronomy.
“And then we have to deal with the price.”
The problem in the southern Philippines has already caused farmers to move from cotton production to soybean cultivation.
The problem has also forced some cotton farmers to close their fields and move to soybeans.
But Bocces believes the Philippines is only the beginning.
“If the market goes down, it will have a very big impact in the region,” he told CNN.
There is an economic case to be made for the international effort to revive the cotton market.
The cotton industry is an important part of the country, but it has also grown in popularity.
There are about 1.3 million cotton farmers in the Southern Philippines.
According to the World Bank, the industry produces about $200 billion worth of goods and services in the state, including cotton, sugar, coffee, meat, apparel, and food.
The situation has already affected the cotton farmers.
Some cotton farmers have moved to soy beans, which have higher yields, and they’ve started selling their cotton at a premium.
The price of soybeans in the local market is a little higher than the price of other crops.
But, because soybeans have lower prices, the price is still higher than that of cotton.
“It’s not just cotton,” said Bocce.
“The situation in the soybean sector is similar.
If we keep this up, the situation in cotton will continue to worsen.”
The cotton crisis has had an impact on the country in other ways.
to the UN, the crisis has caused economic hardship and loss of income for some.
“I can see it.
It is a disaster,” said Lillie Santos, a farmer in Taguig City.
Santos told CNN that she