Serj Panchuk
Stock exchange news. The current situation at the market is explained in the report of USAD, where the figures of production, use, and ending stocks of the product are reconsidered.
Production: the figures are lower in comparison with June data from 123.766 mln. bales to 123.156 mln., and the general production is lowered by means of the USA. In other words, according to new data, the USA will produce 1 mln. bales less than it was predicted in June; however, cotton production will rise in Australia and a number of other countries.
Use: figures are equally reconsidered in terms of lowering. The attention is also drawn by lowering Chinese use by 1 mln. bales and Indian by 500 ths. bales.
Also in terms of lowering there were reconsidered the data of import and export, namely, import is lowered by means of China, and export – by means of the USA.
