摘要：The world cotton situation for 1999/2000 is characterized by higher production, consumption and trade, andlower ending stocks. While the average world price A-index for the period August 1999-January 2000 fellby more than 11 cents per pound from the preceding marketing year, the monthly average price for January2000 is nearly 8 percent higher than the previous month, reversing the falling trend of the previous 7 months. World consumption is estimated at 88.5 million bales, up 3.9 percent from last season, and world productionis estimated at 86.9 million bales, up 2.8 percent from a year ago. Ending stocks are estimated to fall to 40.3million bales, reversing the rising trend of the previous 5 years.
