By admin       2017-02-28

Separately on Friday, Cotlook also forecast world stocks to decline, but by a smaller amount. Production was seen up thanks to "increased expectation of planted area in some of the major producing countries, including India, Pakistan and the US". But as with the USDA, Cotlook saw falling stocks in China outweighing rising stocks elsewhere. Chinese stocks were seen falling by 2.4m tonnes, causing global stocks to fall by 693,000 tonnes, or 3.2m bales. May cotton futures were up 0.5% in midday deals in New York, at 76.45 cents a pound.

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