USDA revises global cotton output estimates

Global cotton production is expected to be 122.84 million bales (1 bale = 480 pounds) in 2011-12, less than 123.42 million bales estimated in the December report released by the US Department of Agriculture (USDA).

According to the January report of the USDA, world beginning cotton stocks are expected to be 45.35 million bales in 2011-12, lower than 45.49 million bales in its previous month estimate.

Global cotton imports are expected to be 36.51 million bales, lower than 36.55 million bales in its December report and cotton use is expected to be 109.99 million bales, smaller than 111.34 million bales given in its last report.

Worldwide exports are anticipated to reach 36.52 million bales, against 36.57 million bales and global ending stocks are projected to be 58.35 million bales, larger than 57.67 million bales from its December report.

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