Global cotton mill use is expected to remain stable at 26.7 million tons in 2008/09 due to slower world economic growth and higher prices of cotton relative to polyester .World consumption is expected to exceed production in 2008/09. As a result, world ending stocks are forecast down by 6% to 11.3 million tons .World imports are expected to increase by 5% to 8.8 million tons in 2008/09 due to projected higher imports by China. Imports by the rest of the world are projected down for the second consecutive season.Source: International Cotton Advisory Committee (ICAC)
Date:6/3/2008
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