Higher Cotton Stocks

摘要

With the significant decline in the global consumption estimate, world cotton trade is also projected to decrease considerably in 2019/20, as importing countries adjust their raw cotton needs accordingly. China is projected to remain the largest importer in 2019/20, importing 7.5 million bales this season compared with 9.6 million bales in 2018/19. For Bangladesh, imports are forecast at 6.9 million bales this season, 300,000 bales below 2018/19. Similarly, Vietnam is expected to reduce its imports 500,000 bales this year to 6.4 million bales.