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USDA Boosts World Cotton Crop 2%
WASHINGTON - Dec 10/04 - SNS -- World cotton output and consumption forecasts are higher than initially expected, according to the latest outlook report from the USDA's World Agricultural Outlook Board.
World production was boosted 2% from the USDA's November report to 114.02 million 480-pound bales, while projected usage rates only increased 0.3% to 103.29 million bales.
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