Adjustments to Cotton Outlook's world supply and demand estimates during the past month imply an addition to world stocks of 1,669,000 tonnes at the end of the 2013-14 season, little altered from the 1,661,000 indicated a month ago.
A rise of 85,000 tonnes in the Indian production number was more than offset by decreases for China, Australia and others.
The global consumption figure for 2013-14 was reduced by 30,000 tonnes. This was attributable to a reduction in India, mitigated only partially by improved prospects for the United States and Vietnam.
A retrospective adjustment was made to Indian production in the 2012-13 season, resulting in an increase of 252,000 tonnes to the world production umber, and therefore larger carryover into the current season.
