US Cotton Production And Exports Were Raised In 2010/11

According to the world's agricultural supply and demand forecast issued in July 9, 2010, the number of cotton production forecasts for 2010/11 in the United States increased from last month's report to the output of domestic textile mills. Exit End of term Stock 。 The output is 18 million 300 thousand packs, which is almost 10% higher than that estimated in June. The reason is that the planting area report expanded the planting area in June 30th, while giving up the expected area reduction, and the yield per harvest Mu is expected to increase. The expected abandonment rate and yield per unit area in the southwestern region were adjusted according to the growth of cotton in the early July. The amount of domestic textile mills has been slightly increased according to the recent active production. The sharp rise in exports is due to expectations. cotton The supply is increasing and foreign demand is strong. The final inventory was 3 million 500 thousand packs, an increase of 700000 packages from the previous month, and the inventory to consumption ratio of 20%, which is still relatively tight. The average price range of growers in the market is unchanged at 60-74 cents per pound.

This month's report predicted that world production forecasts for 2010/11 were raised, but most of them were offset by early inventory reductions. The decrease in inventory at the beginning of the year was mainly in Pakistan, because the output of 2007/08 was adjusted at the beginning of the year, and the average weight per packet was estimated to be reduced. In 2010/11, output in the US, Brazil and Pakistan was raised, but Pakistan production was downgraded. Cotton consumption in the world has been slightly increased, based on the increase in output in Turkey and the United States. Pakistan, Turkey and China have expanded imports to support world trade. World stock is slightly higher than forecast in June, and the world inventory to consumption ratio has dropped to the lowest level since 1994/95.