COTTON: Review of the World Situation--THE OUTLOOK FOR COTTON

摘要

The Cotlook A Index is expected to average 88 cents in 1994/95, the highest in eleven seasons, and current estimates of world cotton supply and use suggest a similar price level in 1995/96. In the current season, production is less than consumption, world stocks are tightening, China (Mainland) is importing the largest quantity since 1980/81 and exports of cotton under barter agreements from Central Asia are reported to be decreasing. In 1995/96, world production is forecast to rise, but with world economic growth remaining strong and further declines in the textile industry in Russia not expected, world consumption could increase also, leaving world ending stocks at tight levels. Reduced production in China (Mainland) in 1995/96 could keep importshigh. Less cotton available from Central Asia under barter arrangements could lead to increasing prices for Central Asian cotton in Europe.