Us Downgrades Global Cotton Inventory Data For The New Year

2010/8/14 12:41:00 49

Recently, the US Department of Agriculture released the latest issue of the world.

cotton

The monthly forecast of supply and demand has been cut down due to the expansion of production demand gap in 2010/11.

At the beginning of the year, inventories dropped by 743 thousand tons, of which mainland China, India, Pakistan, Brazil and Australia initially reduced inventories while the United States increased, partly offset by the reduction of these countries.

It has increased production in India, the United States, Turkey and Australia, and the report has reduced its production by 7%, due to Pakistan's flood losses.

Global cotton consumption is expected to increase to 26 million 317 thousand tons due to the increase in mainland China and Turkey, an increase of 2.7% over the previous year.

Due to the beginning of the period

Stock

China's imports increased by 185 thousand tons, accounting for 3/4 of the global export adjustment.

The increase in exports is mainly in the United States and India.

The global end of term inventory is expected to be 9 million 931 thousand tons.

If so, the inventory consumption ratio is 38%, the smallest since 1994/95.

This month's report also adjusted the supply and consumption of India and Pakistan.

According to the recent increase in exports, China's 2009/10 consumption increased by 218 thousand tons.

Compared with last month, the report raised the 2010/11 cotton market for the end of last year's inventory.

yield

And export volume.

The first basic survey showed a reduction in yield and made up for the yield per unit area.

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As a result, the total output increased by 44 thousand tons.

Exports increased by 152 thousand tonnes due to the increase in total supply and foreign demand, reaching 3 million 266 thousand tons.

It is estimated that the upper and lower limits of the annual acceptable price range of producers will be increased by 1 cents to 61-75 cents per pound.