2020 cotton market trend and price overview

According to the latest data of the US Department of Agriculture a 2.2 million cotton bale reduction to the global production forecast (to 113.9 million) and a 1.6 million cotton bale increase to the global consumption forecast (to 115.6 million).

The blend of a smaller cotton crop and higher offtake caused the forecast for 2020-21 concluding stocks to drop 3.9 million cotton bales to 97.5 million.