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Cotton Outlook Forecasts Greater Additions To World Ending Stocks

BIRKENHEAD, United Kingdom — July 24, 2013 — Cotton Outlook's world production number for 2012/13 has been raised by 278,000 tonnes, leading to greater carryover in the new season. This is partly due to the emergence of a bumper crop in India.

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.

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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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Click here to view Cotlook's figures