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USDA Sees Minor Change in World Cotton
WASHINGTON - Feb 10/04 - SNS -- There were no significant changes in the world cotton picture in the latest report from the USDA's World Agricultural Outlook Board.
This month's world supply and demand projections for 2003-04 include slight adjustments to production, consumption, and stocks.
Lower beginning stocks mainly reflect a reduction for Pakistan. World production is raised about 450,000 bales, including increases for China, Australia, and Central Asia, partially offset by reductions for Greece and other countries.
World consumption is marginally higher, as increases for China, Pakistan, and Syria are nearly offset by reductions for Europe, Russia, and Hong Kong. World ending stocks are raised slightly.
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