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US Department Of Agriculture (USDA) Report: Global Cotton Consumption Sharply Reduced In 2019/20

2020/4/13 19:17:00 0

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USDA Report Annual Global Cotton Consumption

In April 9, 2020, the US Department of Agriculture released the global cotton supply and demand monthly report. The decline in global consumption resulted in a reduction in trade volume in 2019/20 and an increase in final inventory. Consumption of all major cotton producers has been reduced, and global consumption has dropped by 1 million 656 thousand and 800 tons this month, down 6.4% from last month. Total consumption in 2019/20 is expected to be 24 million 110 thousand tons, 8.1% less than that in 2018/19. This will be one of the biggest annual drops since record. Global trade volume decreased by 654 thousand tons in 2019/20 this month. Due to the relatively small increase in inventory and production at the beginning of this month, the 2019/20 inventory increased by 1 million 722 thousand tons at the end of this year, 2 million 398 thousand tons higher than the same period last year.

About US cotton data: in 2019/20, US cotton exports and consumption were substantially lower than last month, and stocks at the end of the year rose sharply. The almost unprecedented global economic slowdown is expected to significantly reduce global cotton demand and trade. It also led to the biggest monthly downward adjustment in US cotton exports: 327 thousand tons to 3 million 270 thousand tons. Consumption fell by 21 thousand and 800 tons, and terminal stocks increased by 348 thousand and 800 tons. It is estimated that the final inventory will reach 1 million 460 thousand and 600 tons, equivalent to 37% of the total inventory, compared with 26% in March. Cotton farmers are expected to receive an annual average price of 59 cents per pound, down 1 cents from last month.

Global cotton supply and demand forecast for USDA2020 April (2019/2020)

Unit: 10000 tons	Aggregate supply			Total consumption		loss	Ending inventory
Unit: 10000 tons	opening inventory	yield	Import volume	Domestic consumption	Export volume	loss	Ending inventory
Global	One thousand seven hundred and forty-seven point nine	Two thousand six hundred and fifty	Eight hundred and eighty-five point seven	Two thousand four hundred and seven point six	Eight hundred and eighty-four point eight	Four point one	One thousand nine hundred and eighty-seven
U.S.A	One hundred and five point six	Four hundred and thirty-one point one	Zero point two	Sixty-three point one	Three hundred and twenty-six point six	One point three	One hundred and forty-five point nine
Five Central Asian countries	Fifty point three	One hundred and twenty-nine point eight	Zero	Eighty-nine point nine	Thirty-five point five	Zero	Fifty-four point four
African Franc area	Thirty-four point four	One hundred and thirty-two point eight	Zero	Three	One hundred and fourteen point seven	Zero	Forty-nine point four
Australia	Thirty-four point two	Thirteen point seven	Zero	Zero point nine	Twenty-six point one	Zero	Twenty point nine
Brazil	Two hundred and sixty-six point nine	Two hundred and eighty-seven point four	Zero point seven	Seventy-one point nine	One hundred and eighty-seven point two	Zero	Two hundred and ninety-five point seven
India	Two hundred and two point seven	Six hundred and forty-two point three	Forty-three point five	Four hundred and seventy-nine	Seventy-one point nine	Zero	Three hundred and thirty-seven point seven
Mexico	Sixteen point eight	Thirty-four point two	Fifteen point two	Forty point three	Eight point three	Zero point seven	Seventeen Point Two
Chinese Mainland	Seven hundred and seventy-six point six	Five hundred and ninety-three point three	One hundred and sixty-three point three	Seven hundred and sixty-two	Three point nine	Zero	Seven hundred and sixty-seven point five
European Union	Four point eight	Forty-three point five	Thirteen point nine	Thirteen point seven	Thirty-eight point eight	Zero point seven	Nine point one
Turkey	Thirty-four point six	Seventy-four	Eighty-seven point one	One hundred and forty-eight point one	Seven point six	Zero	Forty point one
Pakistan	Fifty-four point four	One hundred and forty-three point seven	Eighty point six	Two hundred and nineteen point nine	Two point two	Zero point seven	Fifty-six point two
Indonesia	Eleven point five	Zero	Sixty-three point one	Sixty-one	Zero point two	Zero	Thirteen point seven
Thailand	Three point nine	Zero	Nineteen point two	Eighteen point five	Zero	Zero point seven	Three point nine
Bengal	Thirty-eight point eight	Three	One hundred and fifty point two	One hundred and fifty point two	Zero	Zero point two	Forty-one point six
Vietnam?	Twenty-five point nine	Zero	One hundred and thirty-nine point three	One hundred and thirty-seven point two	Zero	Zero	Twenty-eight point one