CHINA – Global cotton stocks in 2012/13 are projected at a record 74.7 million bales, 6.9 million higher than last season.
However, most of the stock increase is attributable to China where stocks are forecast to increase 4.9 million bales to 34.2 million by season’s end.
Growth in US stocks is also contributing to the global rise.
In contrast, foreign stocks outside of China are expected to remain relatively stable since 2010/11 at 35 million bales.
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TheCropSite News Desk