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World Cotton Imports Seen Higher
WASHINGTON - Mar 11/03 - SNS -- This month's U.S. 2002-03 cotton supply-demand projections include a slight increase in imports. No other changes are made in the latest USDA outlook report.
The world cotton 2002-03 projections include a slight reduction in beginning stocks and largely offsetting increases in production and consumption, resulting in marginally lower ending stocks.
Adjustments in beginning stocks mainly reflect changes in prior years' trade estimates for Europe. The global estimates incorporate recent information from China's National Bureau of Statistics, including higher 2002-crop production and higher textile yarn production for calendar year 2002.
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