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Marginal Cut in World Cotton Forecast
WASHINGTON - Jun 10/05 - SNS -- The USDA marginally reduced next season's estimated world cotton harvest from 107 million to 106.2 million bales is reduced marginally, while consumption and trade are nearly unchanged, according to the USDA's World Agricultural Outlook Board latest report.
World ending stocks are projected lower by about just over 1.0 million bales to 44.1 million, due to reduced estimates of beginning stocks and production.
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