By George Mwangi
Special to Dow Jones Newswires
Mali's cotton exports for the marketing year August 2021 through July 2022 have been revised down by 15%, the U.S. agriculture department said late Tuesday.
Exports are now anticipated at 1.1 million 480-pound bales, revised from the 1.3 million bales estimated in June, the department said in its July Cotton: World Markets and Trade report.
The decline is attributed to less global demand and logistical issues, it said.
Exports are estimated to increase to 1.4 million bales in 2022-23, the report said.
Production is forecast to rise slightly, to 1.45 million bales in 2022-23 from 1.43 bales this year, it said.
Mali exports 98% of its cotton.
In 2021, most cotton was exported to China, Thailand, and Indonesia, accounting for 80%, 8% and 3%, respectively, according to the department.
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(END) Dow Jones Newswires
07-13-22 1153ET