Cotton and Wool Outlook: June 2012
by Leslie Meyer
, Stephen MacDonald
, and James Kiawu
Outlook No. (CWS-12d) 15 pp, June 2012
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).
Keywords: forecast, imports, exports, textile, fiber, supply & use, bales, cotton, trade deficit, ERS, Economic Research Service, USDA, United States Department of Agriculture, Cotton and Wool Outlook
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