Global Cotton Production, Mill Use Projections More Closely Balanced
The initial U.S. Department of Agriculture (USDA) cotton projections for 2020/21 (August-July) include a closer balance between global cotton production and use than in 2019/20. Even so, ending stocks in 2020/21 are forecast to increase to their highest in 6 years. World cotton mill use is forecast to begin its rebound from the COVID-19 disruptions that have affected the global cotton supply chain from spinning to retail.