WASHINGTON – World ending cotton stocks are forecast to drop 8 per cent to 20.4 million tons this year, representing the first reduction in world ending stocks since 2009/10 and offering further evidence of the uncertainty sweeping global commodity markets. ICAC says low prices for polyester have hurt world cotton consumption in 2015/16, and its briefing on cotton comes at a time when farmers are also facing a challenge to achieve premiums for organic cotton, the price of which closely linked to conventional cotton.
