The United States Department of Agriculture (USDA) September report has made adjustments in the global beginning and ending cotton stocks for the 2022-23 season.
In the USDA report, beginning cotton stocks in China and Turkey saw a decrease of 110,000 tons and 190,000 tons respectively.
Correspondingly, the ending stocks were also adjusted downwards. Global cotton production was slightly increased, mainly contributed by Brazil with an additional 110,000 tons.
The adjustments in global cotton supply and demand were relatively small, but consumption was mainly adjusted upwards for China by adding 110,000 tons.
With the decrease in beginning stocks, China’s ending stocks reduced by 210,000 tons. As a result, the global ending stocks decreased by 210,000 tons to 20.29 million tons.
USDA September 2023 report revises downwards global cotton stocks
