USDA forecasts world cotton production to go down as consumption and trade move up
18 May '05
2 min read
Consumption in the U.S. will continue to decline to 5.8 million bales, down 8 percent.
Consumption in China will continue to grow faster than the world average to 41.0 million bales, up 6.5 percent, and will represent 37 percent of total world consumption.
Consumption in the rest of the world is expected to increase slightly (1.6 percent) to 64.7 million bales.