Commodity Online | December 01 2017
Cotton Outlook’s latest forecast of global Cotton production shows a decrease of 52,000 tons month-on-month to 25,973,000 tons during November this year. According to the data, United States Cotton production has reported an increase of 141,000 tons month-on-month in November, while India and Pakistan output reduced by 170,000 tons and 50,000 tons respectively.
The figure for global consumption is unchanged at 25.184 million tons. The net result is a projected increase in world stocks of 789,000 tons at the end of the 2017/18 season, compared with 841,000 indicated in Cotlook’s October assessment. (Source: commodityonline.com)