Washington, DC
May 1, 2007
Chinese imports are projected up
by 1 million tons to 3.9 million tons in 2007/08, which could
drive international cotton trade up 9% to 9.1 million tons.
Imports by Turkey are projected stable whereas imports by
Bangladesh and Indonesia are expected to rise slightly. However,
imports by most other countries are expected to decline. Exports
are expected to rebound in the United States and in Brazil, but
are forecast stable or declining in most other large exporting
countries.
World cotton production is forecast down slightly in 2007/08 to
25.1 million tons, whereas world cotton consumption is projected
to increase by 2% to 26.7 million tons. Together, China
(Mainland), India and Pakistan are expected to account for more
than two thirds of world cotton mill use in 2007/08.
Consumption in the rest of the world is forecast down by 1% to
8.9 million tons in 2007/08.
World cotton ending stocks are forecast down by 4% to 11.4
million tons in
2006/07 and down by 11% to 10.2 million tons in 2007/08.
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 |
25.08 |
26.1 |
26.7 |
115.2 |
120 |
123 |
|
Exports |
9.80 |
8.5 |
9.1 |
45.0 |
38 |
42 |
|
Ending Stocks |
11.85 |
11.4 |
10.2 |
54.4 |
52 |
47 |
|
Stock adjustment |
0.29 |
0.3 |
0.3 |
1.3 |
1 |
1 |
|
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 nine months of
2006/07 (August 1, 2006 to April 30, 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_may_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 |
