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USDA lowers global cotton output, pegs year-end stock higher in 2014/15

Related Keywords: cotton production in china, cotton production in India, cotton stock, global cotton production

The latest report "World Agricultural Supply and Demand Estimates" of USDA has pegged global output down from its previous month's estimates. In the same vein, it has upped the year-end stock, implying lower consumption volume in 2014/15. Production is reduced for the US and Greece, with smaller revisions in several other countries.

Cotton price rises to two-week high on ICE on fear of output drop in China

Related Keywords: cotton forecast, Cotton futures, cotton prices in china, cotton production in china

Cotton prices have been see-sawing for some time now, gyrating on production news from top producing countries. On the ICE, cotton prices jumped to a two-week high on 21 November after China predicted its harvest will decline 12.3 per cent this year as an early frost adversely impacted its yields. The most-active March cotton contract on ICE Futures US gained US cent 0.58 cent, or 0.7 percent, to settle at US cents 78.14 per pound, near the contract's 10-14-day moving averages.

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