Cotton Outlook Forecasts Greater Addition To World Ending Stocks
BIRKENHEAD, England — March 20, 2014 — Cotton Outlook’s world production number for 2013/14 has been raised by 140,000 tonnes, leading to a commensurately greater carryover at the end of the season. The change is attributed to increases for China and the African Franc Zone.
The 2014/15 global production figure has been revised upwards by 56,000 tonnes, owing mainly to changes for China, the African Franc Zone and a number of smaller producing countries.
World stocks are expected to rise by 1,308,000 tonnes next season, in comparison to 1,718,000 tonnes added during the current season.
Posted March 25, 2014
Source: Cotton Outlook