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Little Change in World Cotton Outlook
WASHINGTON - Jul 12/07 - SNS -- The world 2007-08 projections show sharply lower production occurring mainly in major exporting countries, which is about offset by a statistical adjustment in China's production, according to the latest forecasts from the USDA's World Agricultural Outlook Board.
Production is reduced in the United States, the African Franc Zone, Australia, and Turkey, but raised in Egypt. China's production is raised for 4 years from 2004-05 through 2007-08.
USDA has heretofore relied on production estimates reported by China's National Bureau of Statistics (NBS); however, other information from government and industry sources within China now indicates that the NBS estimates have understated production in the Xinjiang Autonomous Region.
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