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For 2021/22 season, USDA forecasts a lower Indian cotton production, down by 220kt from May, and it also lowers Brazilian cotton production by 110kt. Meanwhile, consumption is lowered by 270kt. Overall, the cotton supply remains tight. 2021/22 global ending stocks are lowered by 150kt from previous
Pic: FAS/USDAChina’s cotton imports in 2019-20 are likely to surpass the previous year’s robust level, and the country will remain the world’s largest importer, the US department of agriculture (USDA) said in a report. However, US cotton exports to China are weakening while that of Brazil and Austra
Two events at the last weekend happened to influence the cotton prices. One was the top-level meeting between Chinese President Xi Jinping and U.S. President Donald Trump for much anticipated talks on the future of China-U.S. relations and their trade frictions. Another was the yearly Acreage Report
The 2018/19 U.S. cotton supply and demand forecasts show lower consumption and higher ending stocks relative to last month. At 3.1 million bales, U.S. cotton consumption is now forecast to reach its lowest level since the 1890s. Ending stocks are now forecast at 4.4 million bales, a 100,000-bale inc
