Cotton Outlook Forecasts Greater Additions To World Ending Stocks
The 2013/14 global production figure has been revised upwards by nearly 70,000 tonnes. This change is primarily attributed to an increase for China. A decline in consumption (mainly for smaller markets) has also contributed to the surplus of production over consumption.
World stocks are expected to rise by over 2,141,000 tonnes next season, in comparison to 3,455,000tonnes added during the current season.
Posted July 30, 2013
Source: Cotlook Ltd.
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