Cotlook Estimates; Lower Production And Higher Consumption Do Little To Reduce Surplus
The global production forecast has been lowered by 28,000 tonnes, owing principally to reductions from the US and some smaller producers, which more than offset higher figures for the African Franc Zone. Global consumption has been revised upwards by 38,000. This change is attributed to Brazil and the Indian subcontinent.
Posted on December 20, 2012
Source: Cotlook Ltd.
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