In China, ending stocks are currently forecast at 64.6 million bales in 2015/16, 3 per cent below last season.
The August report of USDA informs that world cotton output in 2015/16 is forecast at 109.0 million bales, 2.5 million bales below last month's #
Meanwhile, the United States' share of world stocks is forecast to remain around 3 per cent and stock levels are also expected to decline in several other countries.
Stocks in India are projected at 12.3 million bales, 9 per cent below 2014/15, while Brazil is also forecast to hold stocks at 6.7 million bales, 4 per cent lower than a year earlier. (AR)
ALCHEMPro News Desk – India
marketing@alchempro.com
