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Global cotton surplus seen at 1.15 mln tons next year

Posted on 22 February 2013

Global cotton production will exceed demand by 1.15 million metric tons in the 12 months starting Aug. 1, Cotlook Inc. said in its first forecast for next season. The surplus will be 3.54 million tons this season, Birkenhead, U.K.-based Cotlook, the publisher of a benchmark cotton index, said today in a statement.
World output will drop 7.3 percent to 24.3 million tons, Cotlook said. Production in China, the world’s largest grower, will fall 8.9 percent to 6.65 million. The crop in the U.S., the top exporter, will tumble 24 percent to 2.87 million tons…………………………………….Full Article: Source


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