USDA&Nbsp; Estimated US Cotton Supply To Reduce Export Volume.

Gerald Baangle, chairman of the US agriculture minister and world agriculture outlook Committee (Gerald A. Bange) has approved the world cotton supply and demand data.

Because of the recent surge in prices, the United States

The world cotton forecast for 2010/11 shows that consumption and ending inventory are all lower than those reported last month, and the supply is reduced.

Inventories were reduced by 3 million packages at the beginning of the year. The supply and demand balance sheet was revised in 2009/10, reflecting the shortage of textile mills.

The world's output dropped by 1 million 400 thousand packages, of which China, the United States, Pakistan, Greece and Turkey reduced production, but were partly offset by increased production in Brazil, Australia and Uzbekistan.

As the supply of cotton can not meet the demand, the world's cotton consumption is 3% lower than that of last month, 1.4% less than last year, to 116 million 800 thousand bales.

Compared with last month, cotton consumption in China, Bangladesh, Indonesia, Pakistan, Thailand, the United States, Vietnam, Brazil and Turkey decreased, but partly offset by the increase in India. India's cotton consumption is expected to increase due to restrictions on exports.

World Trade data increased by nearly 800 thousand packs last month, while China's imports increased by 2 million, but partly offset by the decrease in imports from other countries.

World end inventories decreased by 5% to 42 million 200 thousand bales.

In 2009/10 and 2010/11, the world inventory to consumption ratio decreased to 37% and 36% respectively, the lowest level since 1993/94.