US cuts global cotton forecast
13/08/2013
It cut its projection for the US on lower yields and for China on unfavourable weather.
US production is now expected to be 13.05 million bales – down from a July forecast of 13.5 million bales – and the smallest crop in four years.
Worldwide inventories are still expected to be at a record high by the end of the crop year that began on August 1.
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