Cotton and Wool Outlook: April 2012
by Leslie Meyer
, Stephen MacDonald
, and James Kiawu
Outlook No. (CWS-12b) 17 pp, April 2012
The latest U.S. Department of Agriculture (USDA) cotton forecast for 2011/12 projects global cotton consumption to decrease for the second consecutive season. With recent high cotton prices that encouraged fiber substitution and the global economic uncertainty facing consumers, world mill use is projected to decrease to its lowest since 2003/04.
Keywords: forecast, imports, exports, textile, fiber, supply & use, bales, cotton, trade deficit
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