Will U.S. export 12.5 million bales?

Robinson, Elton
August 2004
Southeast Farm Press;8/18/2004, Vol. 31 Issue 20, p14
Trade Publication
This article focuses on expected cotton production and bales export from the United States to the international markets. According to Ed Jernigan, president and CEO of Globecot Inc., one thing in the way of U.S. cotton exports this year is the huge crop the world is expected to produce in 2004-05. Jernigan forecasts world production of 106 million bales in 2004-05. Jernigan expects that a world consumption of 100.15 million bales will increase world ending stocks by 4.5 million bales and create some tall challenges for U.S. cotton production. To maintain a balance in domestic market the U.S. will have to export 12.5 million bales.


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