Cotton Outlook's initial supply and demand estimates for the 2013/14 season indicate an addition to world stocks of1,145,000 tonnes, compared to the rise of 3,536,000 predicted at the end of the current season.
The global production forecast shows a reduction of 1,904,000 tonnes compared to the corresponding figure for 2012/13. The biggest reductions are in the United States and China.
Global consumption is predicted to rise by 487,000 tonnes, to be placed at 23,154,000 tonnes.
Source:
http://www.textileworld.com/Articles/2013/February/Cotlooks_Initial_Supply_And_Demand_Forecasts_For_20132014.html
