US Department Of Agriculture'S Report On Cotton Supply And Demand In July 2016

In July 12th, the US Department of Agriculture released the world.

The monthly forecast of supply and demand has significantly increased consumption due to the reduction of global cotton production in 2015/16 and 2016/17, and therefore the global cotton in the two years.

All were downregulated.

The global initial inventory in 2016/17 decreased by 394 thousand tons, mainly due to the increase of 327 thousand tons in 2015/16 consumption in China.

The consumption is higher than the previous estimate.

China's consumption in 2016/17 also increased.

The output of global cotton 2016/17 has been cut by 135 thousand tons, although production in the United States is expected to increase, but production in Pakistan and India will be reduced.

Australia's output also increased, but Greece and Uzbekistan fell.

The drop in output of cotton will increase imports and reduce exports, especially for Pakistan.

The end of the world cotton inventory is estimated at 19 million 876 thousand tons, less than 1 million 956 thousand yuan at the beginning of the year.

In the US, the report has increased the output and export volume of 2016/17, and the initial and final inventory has been reduced from last month.

According to the June 30th report of planting area, the appropriate rate of return and the higher yield per unit area, the total output is expected to increase by 218 thousand tons from last month.

Textile consumption has not changed, but export volume has increased sharply due to increased supply and continued tight international stock.

It is estimated that the average annual selling price of the producers is between 52-66 cents per pound, the lower limit is raised by 5 cents, the ceiling is reduced by 1 cents, the average value is 59 cents per pound, up 2 cents from last month.