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World Cotton Output 109.7 Million Bales
WASHINGTON - Oct 12/04 - SNS -- World production for 2004-05 is projected at 109.7 million bales this month, more than 10% above the previous record set in 2001-02, according to the latest USDA World Agricultural Supply and Demand Estimates report.
"Sharply higher production relative to last month raises world ending stocks, despite a moderate increase in world consumption," said the USDA.
A 9% rise in India's crop, attributable mainly to higher area, accounts for about half of the world production increase; production is also higher in Pakistan and Turkey, as well as the United States.
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