Cotton: World Markets and Trade

摘要

The world estimates for MY 2002/03 were revised to reflect higher production and use, but lower trade and ending stocks. The use was up 147,000 bales mainly due to an increase for Pakistan. The 2003/04 world forecasts as compared to last month show higher production, use, and ending stocks, but lower beginning stocks and trade. The production was up 455,000 bales mainly due to an increase for China. The total use grew by 129,000 bales mainly due to increases in mill use for China (300,000 bales) andPakistan (200,000 bales), which was offset by lower use for Europe and Russia.