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World Cotton Stocks Growth Slows
WASHINGTON - Oct 12/05 - SNS -- Slight downward revisions in the 2005-06 world supply and increases in projected demand forecasts result in marginally lower world stocks, according to the USDA's World Agricultural Outlook Board.
World production slipped from 111.53 to 111.44 million bales, as decreases for China, Pakistan, and Brazil are about offset by increases for India, the United States, and Uzbekistan. World consumption is raised nearly 1% to 112.93 million bales, reflecting increases in China, the United States, and India.
Higher world trade is supported by increased import demand by China and Pakistan. World ending stocks are now forecast at 51.0 million bales.
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