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World Cotton Supply ExpandingWASHINGTON - Aug 10/07 - SNS -- World cotton forecasts for 2007-08 forecasts include higher production and consumption, lower world trade, and larger ending stocks relative to last month, according to the latest supply and demand outlook from the USDA's World Agricultural Outlook Board. Beginning stocks are raised about 1% due mainly to prior-year adjustments for Brazil, India, Egypt, and Pakistan. Production is raised in India, Brazil, and Turkmenistan, but lowered in Greece, Turkey, the African Franc Zone, and the United States. Consumption is raised for Brazil beginning in 2002-03, due to revisions in the official government statistics. World trade is lower as China's imports are reduced based on recent activity. The residual category is raised due to adjustments for China, Brazil, and the United States. World stocks are now forecast at 51.5 million bales, 1.5% above last month. Subscribers can read the full text of the article by Clicking here
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