Pro Farmer Editors
USDA’s forecasts of 2008/09 world import demand have fallen since June 2008. They state deteriorating world
economic conditions are dampening consumer demand for textiles and pressuring cotton prices.
which ranged between 70 and 80 cents from June to September, has fallen to just over 57 cents/lb. "The forecast for global consumption has fallen by 6 percent since June, largely because consumption in
China has fallen from the initial projection of 55 million bales to 51 million bales, making this the first
year-to-year decline in China’s consumption since 1998/99," states USDA. "As a result, world trade has declined by 14
percent from June to November.