News
Markets
GLOBAL: 2008/09 Cotton Stocks to Decrease
The latest U.S. Department of Agriculture (USDA) projections for 2008/09 indicate that world cotton stocks are forecast to fall below 55 million bales for the first time in 5 seasons. Global ending stocks are currently projected at 54.1 million bales for 2008/09, 12.5 percent (7.7 million bales) below 2007/08 and the…
Egytex News Desk
Egytex
Declines in China are also anticipated, as stocks there are forecast to decrease 2.1 million bales to 16.2 million, the lowest since 1994. Foreign stocks, excluding China, are also expected to decline in aggregate about 2 million bales to 32.5 million, the lowest in 5 years.
Source: U.S. Department of Agriculture
From the Egytex news archive, first published on 14 June 2008. Figures and names are as reported at the time.
