Cotton Outlook Continues To Indicate Further Rise In World Ending Stocks
BIRKENHEAD, England — April 24, 2014 — Cotton Outlook’s world production number for 2013/14 has been raised by 204,000 tonnes, leading to greater carryover at the end of the season. The biggest increases are for China, India and Brazil. This was partially offset by decreases for the United States and Uzbekistan.
The 2014/15 world production figure has been reduced by 34,000 tonnes, owing to changes for Brazil and the US.
Global stocks are expected to rise by 1,319,000 tonnes next season, in comparison to 1,996,000 added during the current season.
Posted April 29, 2014
Source: Cotton Outlook