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23 May 2012 00:56AM

Cotton statistics imply further tightening of stock position

27 Aug 10 ,  Cotton Outlook
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Cotlook’s latest world raw cotton supply and demand estimates indicate that, following the very substantial drawdown of stocks during the 2009/10 season (August/July), world supplies will contract further during the season ahead. During the past month, decreased consumption forecasts for Pakistan and Russia have been more than offset by increases for China, Turkey and Bangladesh. Production has been subject to a modest, net downward adjustment, reduced estimates for China, Pakistan and Brazil having outweighed higher forecasts for the United States, Australia and Uzbekistan.

 

Cotton Outlook's 2010/2011

World Raw Cotton Supply & Demand Forecasts

 

                                            2009/2010                                 2010/2011

                                                                                    August           Change on

                                                                                   Forecast          Season

Major Producers

China                                 6,850,000                      6,950,000          100,000

United States                     2,654,000                      4,071,000        1,417,000

India                                  5,015,000                      5,525,000           510,000

Pakistan                            2,032,000                      1,960,000            -72,000

Uzbekistan                          850,000                       1,050,000            200,000

African Franc Zone             479,000                         590,000              11,000

Turkey                                380,000                         475,000               95,000

Brazil                                1,150,000                      1,450,000             300,000

Australia 3                            63,000                         568,000             205,000

Others                              2,090,000                     2,320,000             230,000

World Production            21,863,000                    4,959,000          3,096,000

 

Major Consumers

China                                 10,150,000                 10,488,000          338,000

Indian subcontinent             7,678,500                   7,936,000          257,500

United States                          740,000                       740,000

EU                                          247,000                       238,000           -9,000

Others                                 6,119,000                   6,313,000          194,000

World Consumption           24,934,000                 25,715,000         781,000

Net Change in Stock           -3,071,000                 -756,000

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