Washington, DC
June 1, 2007
Source:
International Cotton Advisory
Committee
World cotton production is
expected to decline by 1% to 25.1 million tons in 2007/08, and
world mill use is projected to increase by 2.6% to 26.8 million
tons. Driven by China (Mainland), India and Pakistan, Asia is
expected to account for 55% of world cotton production in
2007/08, up from 53% in 2006/07, and for 76% of world mill use
in 2007/08, up from 74% in 2006/07.
World cotton imports are expected to increase from 8.3 million
tons in 2006/07 to 8.9 million tons in 2007/08, driven by a
forecast rebound in Chinese imports. However, imports by other
Asian countries and the rest of the world are expected to
decline. U.S. exports are projected to increase by 25% to 3.6
million tons in 2007/08, due to large stocks, increased demand
from China (Mainland), and lower competition from other large
exporting countries.
World cotton ending stocks are expected to decline by 10% to
11.0 million tons in 2007/08, after a decline of only 1% in
2006/07.
WORLD COTTON SUPPLY AND DISTRIBUTION
|
. |
2005/06 |
2006/07 |
2007/08 |
2005/06 |
2006/07 |
2007/08 |
|
. |
Million Tons |
Million Bales |
|
Production |
24.67 |
25.3 |
25.1 |
113.3 |
116 |
115 |
|
Consumption |
24.90 |
26.1 |
26.8 |
114.4 |
120 |
123 |
|
Exports |
9.75 |
8.3 |
8.9 |
44.8 |
38 |
41 |
|
Ending Stocks |
12.31 |
12.2 |
11.0 |
56.5 |
56 |
51 |
|
Stock adjustment |
0.43 |
0.5 |
0.6 |
2.0 |
2 |
3 |
|
Cotlook A Index* |
56.15 |
58** |
62*** |
56.15 |
58* |
62** |
|
* Season-average Cotlook A
Index (U.S. cents per pound).
** Not a projection. Average for the first ten months of 2006/07
(August 1, 2006 to May 31, 2007).
*** The projection for 2007/08 represents the Secretariat's
judgment based on projections for net China (Mainland)
trade and the world-less-China (Mainland) ending stocks-to-use
ratio.
PDF version:
http://www.icac.org/cotton_info/publications/press/2007/pr_june_07.pdf
The International Cotton
Advisory Committee is an association of 41 governments of
cotton producing and consuming countries. The Secretariat of the
Committee publishes information related to world cotton
production, supply, demand and prices, and provides technical
information on cotton production technology |
|
