Global cotton stock to fall 19 million bales

摘要

US - The US Department of Agriculture has projected lower cotton ending stocks for the marketing year 2010/11, ending on July 31. Considering the ending stocks for the 2008/09 season, which hit 60.52 million bales, the worlds cotton stock is expected to drop by 18.97 million bales. The world agriculture supply and demand estimates released by the department, forecast world cotton ending stocks will decline to 41.55 million bales (480 lbs each) for 2010/11,