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Uncertainty over cotton prices in 2017/18
The International Cotton Advisory Committee’s Secretariat has forecast that the A Index in 2017-18 will range between 54 cts/lb and 87 cts/lb with a midpoint of 69 cts/lb. The midpoint would be 13 cts/lb lower than in 2016/17. This follows the large increase of 12 cts/lb from 2015-16 to 2016-17, which suggests that such a drop is not unreasonable.
Cotton prices may fall due to increased supply
The International Cotton Advisory Committee Secretariat has forecast that the season-average Cotlook A Index in 2016/17 will range between 66 and 83 cts/lb, with a midpoint of 74 cts/lb, which would be 4 cts/lb higher than last season.
Stable world cotton trade expected in 2015-16
World cotton imports are projected to remain unchanged at 7.6 mn t in 2015-16. While China is likely to remain the world’s largest importer in 2015-16, its imports are forecast to fall by 12 per cent to 1.6 mn t.
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