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:
In its February crop report, USDA left the 2010’-11’ crop unchanged, however the world crop estimate was lower than the January report estimate. Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council, says the lower world cotton production estimate is due to a smaller crop coming out of Central Asia.
Suggested Introduction 2:
Adams says the estimate for global mill use was lowered by approximately 30,000 bales.
Suggested Introduction 3:
According to Adams, there was a slight reduction in the ending stock number for the end of the 2010 marketing year.
Suggested Introduction 4:
Adams points out that it is important to watch the crop production situation in the southern hemisphere.