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More Ample World Cotton Supply
WASHINGTON - Sep 10/04 - SNS -- The world cotton projections for 2004-05 show higher production and stocks compared to last month, according to the latest USDA World Agricultural Supply and Demand Estimates report.
Production is revised up to 107.3 million bales, as increases for the United States, India, and Uzbekistan are partially offset by reductions for China and Australia, the USDA said.
A slight increase in world consumption reflects the U.S. change. Changes to world trade include largely offsetting adjustments for several producing countries, most notably an increase of 350,000 bales in imports by China due to smaller forecast production.
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