PCG EMAIL SERVICES: World Agricultural Supply and Demand Estimates - COTTON - March 2015
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Tue Mar 10 14:31:05 CDT 2015
World Agricultural Supply and Demand Estimates - COTTON - March 2015
The March World Agricultural Supply and Demand Estimates (WASDE) report is now available in PDF, XML, and Microsoft Excel formats at:
COTTON: The U.S. 2014/15 cotton supply and demand estimates are unchanged from last month. The forecast range for the marketing year average price received by producers of 59.0 to 62.0 cents per pound is lowered 1 cent on the upper end, with the midpoint estimated at 60.5 cents per pound.
Marginal reductions in 2014/15 world cotton production and consumption are boosting projected global stocks to just over 110 million bales. Production is raised for Pakistan, but is lowered for Tajikistan and others. Consumption is reduced mainly for China, where yarn imports continue to rise, displacing growth in domestic cotton spinning. Lower consumption by China is partially offset by increases for Bangladesh, Indonesia, and Vietnam. World trade is raised slightly.
The next release of the WASDE report will be April 9, 2015.
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