Aug 31, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

WASDE: Cotton Exports Grow by 400,000 Bales

January 11, 2013
Cotton
  

COTTON: The 2012/13 U.S. cotton estimates include lower production and higher offtake, resulting in lower ending stocks relative to last month. Production is lowered 1 percent as a 500,000-bale

reduction for Texas—due to larger estimated abandonment—is partially offset by increases in other

states. Domestic mill use is unchanged, but exports are increased 400,000 bales to 12.2 million,

reflecting larger estimated import demand by China and supportive data on U.S. export sales to date.

Ending stocks are now forecast at 4.8 million bales, equal to 31 percent of total use. The projected

range for the average price received by producers of 66-71 cents per pound is raised 1 cent on the

lower end.

This month’s world 2012/13 estimates shows higher production and slightly lower consumption,

resulting in ending stocks of 81.7 million bales. Production is raised mainly in China, where recent

levels of cotton classings and purchases for the national reserve indicate that the crop is larger than

previously estimated. Production is also raised in Australia but is lowered in the United States.

Global consumption is revised down slightly, mainly reflecting a reduction for India. A 1.0-million-bale increase for China’s imports is boosting world trade, and exports are raised for India, the United States, Brazil, and Australia. China’s imports are forecast higher due to strong imports to date and tight free stocks resulting from the large accumulation of cotton in the national reserve.

READ MORE
Previous 1 2 Next

See Comments

RELATED TOPICS: Cotton, Marketing, USDA, Analysis, Exports

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive the AgWeb Daily eNewsletter today!.

 
 
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions