US Department Of Agriculture August Report: Good Data For Us And World Cotton

On Tuesday, the US Department of agriculture lowered the US and world cotton production and ending inventory in 2008-09. Analysts believe that the cotton market will be adjusted well.

The world's final inventory of 51 million packages is good and is lower than the 53 million 840 thousand package estimated in July.

2008 - 09 cotton production in the United States is estimated to be 13 million 770 thousand packages, lower than the 14 million package reported in July, lower than the average expected value of 14 million 40 thousand packages.

In 2008-09, the estimate of us planting area was not adjusted, but it was still 9 million 250 thousand acres.

The US Department of agriculture first officially estimated the harvest area in 2008-09 to be 7 million 848 thousand acres.

The expected yield per unit area in the southeastern region is higher than that in the previous year, and Dezhou's per unit output is expected to be lower than its record high in 2007.

In 2008-09, exports were expected to rise to 15 million packages, larger than the 14 million 500 thousand package reported in July, due to the decrease in foreign supply and the expansion of us demand.

In August, the forecast was higher than the average forecast value of 14 million 520 thousand packages.

The domestic cotton consumption in the United States is still 4 million 400 thousand packs.

At the end of 2008-09, US stocks were expected to be 4 million 600 thousand packages, lower than the 5 million 300 thousand package reported in July, below the 5 million 600 thousand package expected by analysts.

The US Department of agriculture has cut global cotton production and consumption in 2008-09, and reported that the planting area has been reduced and global economic growth has slowed down.

The US Department of Agriculture estimates that world cotton output is 112 million 160 thousand packs, lower than the 114 million 940 thousand package estimated in July.

India's 2008-09 cotton production is expected to be reduced to 24 million packs, lower than the 25 million 500 thousand package forecast in July, and the planting area in northern India decreased and output declined.

Analysts had expected that India's output would be down because of inadequate rainfall in the rainy season.

Global cotton consumption is locked in 124 million 540 thousand packs, down from the 125 million 910 thousand package expected in July.

China's domestic output maintained a 25 million 500 thousand estimate of the July report, but analysts expect that as China's weather problems are gradually exposed, reports in the next few months will gradually reduce China's output.

Analysts expect cotton supply and demand to be good in the second half of 2008 to September 2009, but with the introduction of the report, market sentiment is likely to gather soon.