By admin       2018-04-04

The ICAC estimates for 2018-19 show, at 1.17m tonnes, a far greater drawdown in world cotton stocks than expected by Cotton Outlook, which last week trimmed its forecast for the decline by 10,000 tonnes to 573,000 tonnes. Cotton Outlook was, in particular, more upbeat on production prospects, which it upgraded by 180,000 tonnes to 26.13m tonnes (120.0m bales), nearly 800,000 tonnes ahead of the ICAC forecast. The analysis group, which is behind the Cotlook A index, flagged “changes for Brazil and some smaller markets”.

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