Cotlook’s Initial Supply And Demand Forecasts For 2013/2014 (August/July) Season Imply A Further Increase World Stocks
The global production forecast shows a reduction of 1,904,000 tonnes compared to the corresponding figure for 2012/13. The biggest reductions are in the United States and China.
Global consumption is predicted to rise by 487,000 tonnes, to be placed at 23,154,000 tonnes.
Posted on February 26, 2013
Source: Cotlook Ltd.
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