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Improved Economic Outlook
Lingering effects and uncertainties for the general economy continue to present challenges for the U.S. cotton industry, but data suggest the worst has been weathered and recent concerns are being replaced with prospects for recovery and growth, according to National Cotton Council economist Gary Adams.
A major reason for optimism, Adams says, is that after seven months of the 2009 marketing year, it is increasingly clear that global cotton stocks will see their first substantial decline since the 2002 marketing year, and the estimated stock reduction of 9.4 million bales would be the largest single-year drawdown since 1986.
source : cottonfarming
Improved Economic Outlook
Lingering effects and uncertainties for the general economy continue to present challenges for the U.S. cotton industry, but data suggest the worst has been weathered and recent concerns are being replaced with prospects for recovery and growth, according to National Cotton Council economist Gary Adams.
A major reason for optimism, Adams says, is that after seven months of the 2009 marketing year, it is increasingly clear that global cotton stocks will see their first substantial decline since the 2002 marketing year, and the estimated stock reduction of 9.4 million bales would be the largest single-year drawdown since 1986.
source : cottonfarming
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