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USDA Boost World Cotton Harvest EstimateWASHINGTON - Aug 12/04 - SNS -- World cotton production is now estimated at 106.6 million bales, 8% above the record set in 2001-02, according to the USDA's latest World Agricultural Supply and Demand Estimates (WASDE) report. Production is raised mainly for the United States and India, partially offset by decreases for Brazil and Australia. Consumption estimates are raised mainly for China, India, and the United States. Higher world trade is responding to larger global supplies and increased import demand by China, Pakistan, and others. Exports are raised for the United States and Brazil, but lowered for Australia, Syria, and others. World stocks are revised up nearly 4%. Subscribers can read the full text of the article by Clicking here
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