Cotton Newsline: April 15, 2020

In the April report, USDA reduced world mill use for the 2019-2020 crop year by 7.6 million bales, as compared to the March estimates. At 110.6 million bales, this would be one of the largest annual declines on record with lower consumption estimates for every major country. For comparison, in the 2018 crop year, world mill use was 120.3 million bales total. We caught up with Dr. Jody Campiche, Vice President of Economics and Policy Analysis for the National Cotton Council, to further examine USDA’s estimates and look at the global fiber market as a whole.