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Moderately Tighter World Cotton Picture
WASHINGTON - Apr 10/07 - SNS -- Modest increases in world cotton production are being offset by slightly larger gains in usage levels this season, according to the latest projections from the USDA's World Agricultural Outlook Board.
"This month's 2006-07 world supply and demand estimates include small revisions that are mostly offsetting," the USDA said.
World production is virtually unchanged as increases for Brazil and Pakistan are offset by reductions in the African Franc Zone, the United States, and Paraguay. World consumption is raised slightly as recent data indicate higher use in India and Brazil.
Imports are reduced for several countries, including China, India, Korea, and Pakistan; with lower import demand, exports are reduced mainly for the United States and India.
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