In USDA’s November report, the projected 2021-22 world production estimate for cotton was raised 1.51 million bales from the October report to 121.79 million bales. World mill use was raised 700,000 bales from the October report to a projected 124.10 million bales. Dr. Jody Campiche, Vice President of Economics and Policy Analysis for the National Cotton Council, joins us with more details on production estimates and trade conditions in the global fiber market.
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