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Cotton and Wool Outlook: June 2012

  • by Leslie Meyer, Stephen MacDonald and James Kiawu
  • 6/13/2012
  • CWS-12d

Overview

The latest U.S. Department of Agriculture (USDA) projections for 2012/13 indicate that world cotton stocks are expected to rise for the third consecutive season, reaching a new record. Global ending stocks are currently projected at 74.5 million bales for 2012/13, nearly 11 percent or 7.2 million bales above 2011/12 (fig. 1).

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