Detailed Instructions: In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Q: Starting in 1996, Alexa Internet has been donating their crawl data to the Internet Archive. Flowing in every day, these data are added to the Wayback Machine after an embargo period. ||||| Cotton production down but high stocks reining prices: ICAC 
  
 After five consecutive seasons of excess supply, overall global production of cotton has fallen below the estimated consumption in the 2015-16 season but international prices continue to remain weak due to very high levels of stock, the International Cotton Advisory Committee (ICAC) has said . 
  
  
  
 Notwithstanding a slew of support measures by governments across the world that touched a record $10.4 billion in 2014-2-15, production of cotton was below demand, ICAC said in a statement released at the conclusion of its 4-day 74th Plenary meeting in Mumbai. 
  
  
  
 Large stocks accumulated as a result of governments' intervention from 2011-12 to 2014-15 would remain the key factor in determining the fundamentals of the cotton market for the foreseeable future, it said observing that demand for cotton continues to expand at a slow rate as a result of sluggish world economic growth and strong competition from synthetic fibers, especially polyester. 
  
  
  
 In order to improve the prospects for cotton, the ICAC endorsed the recommendations of its Private Sector Advisory Panel, foremost being to ensure that fiber-content labels on textile products were more visible so that consumers could make informed choices, and also promote transparency in the supply chain. 
  
  
  
 The committee also favoured conducting a study on the economic factors underlying the growth of polyester production and demand, to enable members to better understand the dynamics of competition among fibers. It also advised members to encourage an increased diversification of the uses of cotton, including composites and technical textiles, and a wider use of cotton by-products throughout the value chain, to add value to the sector. 
  
  
  
 The Committee endorsed the recommendation received from the Private Sector Advisory Panel (PSAP) regarding the need to standardize phytosanitary certificates and recommended that the Secretariat work with members to raise awareness of this issue within the World Trade Organization. 
  
  
  
 The ICAC was informed that although contractual disputes had decreased in the last year, improvements were required in the enforcement of arbitration awards. All members of the Committee are signatories of the 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards (commonly known as the New York Convention), but claimants were often unable to get their awards enforced, which was impacting the cotton trade and consumption. 
  
  
  
 The ICAC reaffirmed its support for a multilateral trading system under the aegis of the World Trade Organization, whose representative presented a summary of the current status of talks on the commodity ahead of the forthcoming 10th Ministerial Conference of the WTO to be held in Nairobi later this month. 
  
  
  
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 More Textiles News - India... 
  
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A:
Cotton may be the fabric of our lives, but what happens we have way too much of it? Bloomberg reports there is currently enough cotton sitting in warehouses around the world to make 17 T-shirts for every person on Earth. And that's bad news for cotton producers and investors alike. According to Fibre2Fashion, government intervention over the past few years caused production of cotton to skyrocket. This year will see the second largest inventory of cotton ever, with 35% more of the product than its 10-year average, Bloomberg reports. Coupled with increased production is a shrinking demand for cotton, partly due to more consumers choosing synthetic fibers. China—which had been the world's biggest user of cotton—cut its import of the product by 30% This has all added up to cotton being at its lowest price in five years, the AP reports. At that price, most North American farmers will lose money. It's gotten so bad that Alabama's governor applied for disaster assistance to help cotton farmers last month. "Cotton's an interesting animal," one farmer says. "It's been in a particular sort of slump the last couple of years. It will rebound." Others aren't so sure. "To get excited about the cotton market, we will need to see either a weather event or something else that really changes the Northern Hemisphere producers’ mind about growing cotton," one commodities expert tells Bloomberg. In the meantime, those warehouses full of cotton likely to keep the price from rising anytime soon.