*Cotlook’s October supply and demand forecasts indicate*
*greater decrease in world stocks*
*Cotlook’s estimate of raw cotton output during the 2020/21 season has been maintained during October.*
*Global consumption has been raised modestly, owing to an upward adjustment for the Indian subcontinent. World stocks are therefore estimated to have decreased by 1,359,000 tonnes by July 31, 2021.*
*For the 2021/22 season, production has been lowered slightly, owing to a considerable decrease for the United States that was partially offset by a rise for Pakistan. Conversely, consumption was raised by 50,000 tonnes, due to a change for the Indian subcontinent. Hence, global cotton stocks are forecast to be reduced by 207,000 tonnes by the end of 2021/22, compared with 122,000 a month ago.*
