The U.S. 2010/11 cotton supply and demand estimates are unchanged from last month. The forecast range of 80 to 83 cents per pound for the average price received by producers is narrowed 1 cent on each end.
The world 2010/11 supply and demand estimates include marginally lower production and ending stocks relative to last month. World production is reduced 300,000 bales as decreases for India and China are mostly offset by increases for Australia and Brazil. World consumption is virtually unchanged. World trade is raised slightly, as lower production in China is expected to increase import demand.