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.

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Posted March 25, 2014

Source: Cotton Outlook