From May 9 to May 13, the US Department of Agriculture issued the latest monthly report of global cotton supply and demand forecasts, which for the first time predicted the global cotton supply and demand situation for 2011/2012. According to the report analysis, the global cotton export supply in 2011/2012 is expected to increase, and cotton imports will increase accordingly. As global production is expected to exceed consumption, global ending stocks will increase slightly.
The USDA report predicts that the global cotton production in 2011/2012 will reach a record high of 27.175 million tons, and the growth of China, India and Pakistan will account for 70% of the total increase; the global trade volume is expected to be 8.71 million tons, mainly because of China. Import demand will be higher; global ending stocks will increase to 10.45 million tons, up 13% from the opening level.
According to the USDA, part of the increase in global imports comes from replenishment of stocks in major consumer countries. At the same time, the steady increase in global consumption has also led to an increase in cotton imports.
The USDA believes that the export of cotton in Brazil and Australia will increase significantly in 2011/2012, due to the increase in the initial inventory and the near-historical peak of production. Most of the growth in cotton exports outside the United States comes from these two countries.
In 2011/2012, affected by the poor weather conditions at the early planting stage, US cotton production is expected to decrease slightly, and the opening stocks are close to historically low levels. U.S. cotton export supply will decline, and U.S. cotton export volume is expected to decrease by 435,000 tons. .
The USDA report predicts that the global cotton production in 2011/2012 will reach a record high of 27.175 million tons, and the growth of China, India and Pakistan will account for 70% of the total increase; the global trade volume is expected to be 8.71 million tons, mainly because of China. Import demand will be higher; global ending stocks will increase to 10.45 million tons, up 13% from the opening level.
According to the USDA, part of the increase in global imports comes from replenishment of stocks in major consumer countries. At the same time, the steady increase in global consumption has also led to an increase in cotton imports.
The USDA believes that the export of cotton in Brazil and Australia will increase significantly in 2011/2012, due to the increase in the initial inventory and the near-historical peak of production. Most of the growth in cotton exports outside the United States comes from these two countries.
In 2011/2012, affected by the poor weather conditions at the early planting stage, US cotton production is expected to decrease slightly, and the opening stocks are close to historically low levels. U.S. cotton export supply will decline, and U.S. cotton export volume is expected to decrease by 435,000 tons. .
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