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World Cotton Stocks, Usage Rising
WASHINGTON - Feb 9/10 - SNS -- This month's world cotton 2009-10 forecasts show higher beginning stocks, largely offset by higher consumption, according to an outlook report from the USDA's World Agricultural Outlook Board.
Beginning stocks are raised in China due to modest reductions in estimated consumption for marketing years 2007-08 and 2008-09. World production is virtually unchanged.
Higher forecast 2009-10 world consumption includes increases for China and India, based on a stronger estimated recovery in demand than previously anticipated.
Total world trade is about unchanged, as higher U.S. exports are mainly offset by a reduction in exports by India. World ending stocks are raised marginally from last month.
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