This week’s Cotton Newsline is 4 cuts. All cuts are Gary Adams, vice president of economics and policy analysis for the National Cotton Council.
Suggested Introduction 1:
The National Cotton Council has prepared their annual economic outlook for the 2010 US and global cotton markets. Gary Adams, vice president of economics and policy analysis for the Council says there are a number of factors outside the cotton market they must consider, one being the overall economy.
Suggested Introduction 2:
Adams says assuming that growth continues in the economy, cotton consumption will continue to expand as well.
Suggested Introduction 3:
Adams believes the growth assumption that is projected for 2010 should also lead to expanded world trade.
Suggested Introduction 4:
Adams anticipates a tighter balance sheet as producers look forward to both the end of the current marketing year and 2010.