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USDA Lowers Cotton Production Forecast

06 December 2013
USDA Foreign Agricultural Service

CHINA - Due to weather impacts which lowered yields in major production regions, Post’s MY13/14 cotton production forecast is lowered to 6.7 million tons.

MY13/14 imports are forecast down significantly at 2.2 million tons as massive state stocks, import constraints and slowing consumption influence demand.

On the other hand, low prices and open market access are influencing a growth trend in yarn imports that may reach 2 million tons in 2013.

As of late-November, total state stocks are estimated at more than 10 million tons.

A modification of the government cotton support policy is currently under consideration and may be announced in 2014.

Further Reading

You can view the USDA GAIN: China Cotton and Products November Update by clicking here.

TheCropSite News Desk

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