Home / Knowledge / News / Textiles / Demand for US cotton unchanged - USDA
Demand for US cotton unchanged - USDA
18
Aug '12
U.S. Department of Agriculture (USDA) reported that in August, U.S. cotton demand for 2012/13 remains estimated at 15.5 million bales, 500,000 bales above last season but the second lowest since 1998/99.  Exports continue to account for the bulk of the demand and, despite a larger supply, U.S. shipments remain forecast at 12.1 million bales as a result of lower import demand expectations from China.  As a share of global trade, the 2012/13 U.S. export estimate indicates a U.S. share of 32.5 percent, 3 percentage points below the 5-year average.

With forecasts for U.S. cotton production to exceed demand in 2012/13, ending stocks are projected to increase 2.2 million bales to 5.5 million, the highest in four seasons.  Similarly, the stocks-to-use ratio of 35 percent is the highest since 2008/09.  The U.S. farm price was narrowed on each end of the range this month.  As of August, the 2012/13 upland price is forecast to range between 61 and 79 cents per pound. 
 
Although the 2011/12 season has ended, minor adjustments were made this month and the estimates will be finalized over the next several months as additional endof-year data become available.  U.S. exports for last season were increased based on shipment data published in the Export Sales report.  After adjustments based on data in the “export for own account” category, U.S. cotton exports for 2011/12 were placed at 11.7 million bales, 100,000 bales above the July estimate. 
 
In addition, preliminary end-of-year stock data for 2011/12 suggest that stocks are near 3.3 million bales, unchanged from last month as the “unaccounted” category was increased.  As a result, the stocks-to-use ratio for 2011/12 equaled 22 percent, up from the previous two seasons.  The average U.S. farm price for 2011/12 is now estimated at 89.5 cents per pound, compared with 81.5 cents during 2010/11; the final estimate will be reported in October.

U.S. Department of Agriculture (USDA)


Must ReadView All

Apparel/Garments | On 23rd Jun 2017

Alfredo Grassi to develop graphene-enhanced workwear

Alfredo Grassi, manufacturer of customised protective clothing,...

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search