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:
At the annual Agricultural Outlook Forum in Washington, D.C., USDA economists offered insights into their outlook for the 2011 cotton market. Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council, says that included expectations that U.S. cotton area will increase to 13 million acres in 2011.
Suggested Introduction 2:
Adams says overall U.S. demand is expected to be down slightly in 2011.
Suggested Introduction 3:
Adams says USDA economists call for an increase of 12.2 million bales in world cotton production over the previous year.
Suggested Introduction 4:
Despite high prices, Adams says there continues to be strength in global cotton consumption.