USDA: Increase In Global Cotton Export Supply In The New Year

U.S.A Ministry of Agriculture In the May monthly report, it was analyzed that 2011/12 Global cotton Export supply is expected to increase, cotton. Imported The volume will then expand. As global output is expected to exceed consumption, the end of global inventory will increase slightly. Part of the growth in global imports comes from replenishment of major consumer countries. At the same time, the steady increase of global consumption has also increased the import of cotton.

USDA believes that the supply of cotton exports in Brazil and Australia will increase significantly in the year of 2011/12 because of the year-on-year increase in inventory and output close to the highest level in history. Most of the growth in cotton exports outside the United States comes from these two countries.

In 2011/12, cotton production in the United States is expected to decrease slightly due to poor weather conditions at the early stage of sowing. With the initial inventory approaching the lowest level in history, the export volume of US cotton exports will decline, and US cotton exports will be reduced by 435 thousand tons.