World Bank publishes a Commodity Markets Outlook also for cotton
In its Commodity Markets Outlook published on January 26, 2016 we find also remarks on the development of cotton. These also entail forecasts.
This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent.
Cotton prices changed little in the last quarter of 2015, as the market is gradually returning to deficit following six consecutive years of surpluses. These surpluses went mostly to China’s stock-building, which currently accounts for almost 60 % of world’s stocks. Global cotton stocks currently represent one year of consumption, a highly atypical situation. In view of this season’s deficit, cotton prices are expected to increase 2.7 % in 2016 and 3.6 % in 2017, assuming that there is no sharp draw-down in China’s stocks.
TextileFuture publishes some World Bank graphs of the major findings on cotton:
All graphs: Source:World Bank Group. 2016. Commodity Markets Outlook, January 2016, World Bank, Washington, DC.