US Department Of Agriculture Will Increase 2010-11 Cotton Harvest Expected In The US

Market survey: USA Ministry of Agriculture 2010-11 cotton harvest expected in the US

According to the June 10th news of cotton planting and growing weather conditions, the US Department of agriculture may raise its cotton production for 2010-11 years in its output forecast.

A preliminary survey of Dow Jones news online analysts told analysts that analysts expect the US Department of agriculture to fix 2010-11 years of cotton export outlook, and the 2010-11 year will begin in August 1st.

The US Department of agriculture will release its latest forecast of cotton production in the United States and the world in the next 2009-10 years and next Thursday.

As the year draws to a close, analysts expect little adjustment in the cotton situation this year.

The ideal weather will enable the US Department of agriculture to raise its 2010-11 year cotton in the United States. yield To 16 million 900 thousand packages, compared to May, the report was 16 million 700 thousand packages, weighing 480 pounds per pack.

So far, the cotton planting season is mild. Most parts of the southern United States have a good seedling emergence, and winter precipitation is obvious. Soil storage soil moisture benefits cotton.

According to the US Department of agriculture, 66% of cotton grew well in the week ending June 6th. One analyst said that everything was going well in Dezhou and there was very little replanting.

The United States Department of agriculture data show that Dezhou is the main cotton producing state. The total planting area of the United States is 10 million 500 thousand acres, while Dezhou accounts for more than half.

However, if the main competitor of the United States has a good harvest of cotton in India, the US Department of agriculture may downgrade its outlook for cotton exports. The average range predicted by analysts is that the US Department of agriculture will cut 2010-11 US cotton exports to 13 million 410 thousand bales, lower than the 13 million 500 thousand package expected in May.

Atlanta first Capitol group senior cotton According to analyst Sharon Johnson, India's cotton harvest will enable India to expand its export scale and occupy part of the market share of some American cotton producers.

India is the second largest cotton producing country and exporter in the world. It competes with the United States for China's cotton import market. China is the largest cotton producing country, importing country and textile producing country in the world. India banned cotton exports in April 19th, after the textile factory complained that a large number of exports of cotton had led to soaring domestic prices and reduced local supply. The government abolished the export ban in May 21st, but export was required to be issued by the Ministry of trade. Cotton sowing in India usually starts with the beginning of the rainy season. The meteorological department reported that the arrival time of the rainy season is postponed this year, but it may come in the next 4-5 days before a tornado disrupted the normal arrival time of the rainy season.

Analysts expect cotton consumption in the us to be 3 million 310 thousand in 2010-22, slightly below the 3 million 300 thousand package expected last month. The United States imports most of the textiles from Asia and exports most of the cotton to Asia, because most of the world's spinning and weaving factories are built in Asia.

Analysts who took part in the survey expected that the US Department of agriculture would slightly increase the 2010-11 year end inventory to 3 million 210 thousand bales due to other production expectations being adjusted.