US cotton export forecast “seems achievable”
04/04/2016
Specialist industry publication Cotlook said in its monthly report for March 2016 that mills are concentrating on cotton for “nearby delivery”. It said the pace of business over the past few months has been steady, that many sellers have a fairly good sold-forward position and that the volume of cotton available from “certain origins” during the remaining months of the current season “appears to be becoming tight”.
Cotlook also said that US export sales reports released during March have painted “a rather mixed picture”, with strong numbers in the first half of the month and “a less robust pace” in the succeeding weeks. However, it said the US Department of Agriculture’s current forecast for the season, of 9.5 million bales of 480 pounds, “seems achievable”.
Share this story:
