World Stocks Still Forecast To Rise In 2013-14
BIRKENHEAD, England — November 22, 2013 — Adjustments to Cotton Outlook's world supply and
demand estimates during the past month imply an addition to world stocks of 1,669,000 tonnes at the
end of the 2013-14 season, little altered from the 1,661,000 indicated a month ago.
A rise of 85,000 tonnes in the Indian production number was more than offset by decreases for China, Australia and others.
The global consumption figure for 2013-14 was reduced by 30,000 tonnes. This was attributable to a reduction in India, mitigated only partially by improved prospects for the United States and Vietnam.
A retrospective adjustment was made to Indian production in the 2012-13 season, resulting in an increase of 252,000 tonnes to the world production umber, and therefore larger carryover into the current season.
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Posted November 26, 2013
Source: Cotton Outlook