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’s economist, Gary Adams, says a tight supply and demand situation coupled with continued pressure from competing crops for the coming year is consistent with cotton prices above historical norms.
Suggested Introduction 2:
Adams says the current price situation has support from the fundamentals.
Suggested Introduction 3:
Adams says looking ahead into 2011 an increase in international cotton production is expected.
Suggested Introduction 4:
According to Adams there will be only a modest increase in stocks by the end of the 2011 marketing year, going from approximately 42.4 million bales to 44.6 million bales.
