Publisher's Synopsis
Excerpt from Foreign Crops and Markets, Vol. 65: December 8, 1952
Imports of raw cotton during the first 2 months of the current season (august and September) totaled bales (500 pounds gross), about hh percent of which originated in Egypt. This compares with imports of 000 bales, during the comparable period a year earlier. Inventories of raw cotton at the end of the past season (july amounted to 265, 000 bales, compared with bales at the beginning of the 1951752 season and, h95, 000 bales a year earlier. The relatively small stocks brought into, the current season reflect the effect of some mills delaying the buying of cotton during the last half of 1951-52 in the expectation that prices would decline. It appears that inventories 'were further reduced during the first 2 months of the current season as consumption during this period was somewhat larger than imports.
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