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

During the cotton growing and growing period, the weather conditions are very good, so the US Department of agriculture may raise its output forecast by 2010-11 years. cotton Yield.

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.

U.S.A Ministry of Agriculture It will be released on Thursday morning for the next 2009-10 years and the latest forecast of cotton production in the United States and the world next year.

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 US cotton output to 16 million 900 thousand packs, compared with 16 million 700 thousand packages in May and 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.

But if America's main competitors India cotton The US Department of agriculture may downgrade its cotton export prospects. 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.

Sharon Johnson, senior cotton analyst at the first Capitol group in Atlanta, said that India's cotton harvest will enable India government to expand its export scale and occupy part of the market share of some American cotton merchants.

India is the second largest cotton producing and exporting country in the world. It is competing with the United States for China's cotton import market. China is the world's largest cotton producing country, importing country and textile production country. 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.