BIRKENHEAD, United Kingdom — November 30, 2015 — Cotton Outlook’s November assessment of global supply and demand in the current 2015-16 season implies a reduction of 971,000 tonnes in world stocks, compared with 768,000 indicated a month ago. The downturn is still expected to occur principally in China.
An increase in Australia’s production forecast was more than offset by lower output figures for major producing nations, including China, India and Pakistan. Global production is anticipated to fall by over three million tonnes from last season.
For the first time, consumption is also forecast to decrease, albeit modestly, during the current season.
Posted November 30, 2015
Source: Cotton Outlook