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China Revises Up 2018/19 Cotton Output Estimate To 6.04 Million Tonnes

12 Feb 2019 10:18 am
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MUMBAI (Commoditiescontrol) -  China’s 2018/19 cotton output was seen at 6.04 million tonnes, up from a previous forecast of 5.94 million tonnes, the Ministry of Agriculture and Rural Affairs said in its monthly crop report released on Monday.

The ministry also raised its forecast of China’s 2018/19 cotton imports to 1.6 million tonnes from a previous forecast of 1.50 million tonnes, according to the monthly Chinese Agricultural Supply and Demand Estimates (CASDE).

Key numbers for corn and soybean were unchanged from last month’s forecast.

China’s demand for soymeal in 2018/19 was expected to fall as some farmers were reluctant to replenish their herds following a series of African swine fever outbreaks, and as consumption of alternative meals will increase after China removed tariffs on imports of these products from a number of countries, the report said.

(By Commoditiescontrol Bueau) 

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