Cotton Outlook: Global Stocks Projected At Six Year High

The latest U.S. Department of Agriculture (USDA) cotton projections for 2020/21 (August-July) indicate that global cotton ending stocks are forecast at their highest in 6 years. World stocks are projected to rise for the second consecutive season in 2020/21 to 104.7 million bales, 4 percent above 2019/20 and the second largest on record behind 2014/15.