LIVERPOOL, September 27, 2024-

Cotton Outlook’s forecast of global raw cotton production in 2024/25 has been raised by 170,000 tonnes in the past month, to 25,285,000. Increases for China and Brazil were partially offset by lower figures for the United States, Pakistan and Greece. Our assessment of consumption has been reduced by 76,000 tonnes, to slightly below 24.3 million, owing to a downward adjustment for Pakistan. World stocks at the end of the current season are therefore expected to rise by 990,000 tonnes, up from the 744,000-tonne increase put forward a month ago.

A minor adjustment has been made to our number for output in the 2023/24 season, with the result that the margin by which production is estimated to have exceeded consumption in that campaign has been raised slightly, to 961,000 tonnes.

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