World cotton consumption to rise in 2013/14 - USDA

27 May '13

4 min read

China’s ending stocks, which nearly tripled in 2011/12 and are estimated to rise 55 percent in 2012/13, are projected to increase another 20 percent in 2013/14, as the national reserve increases to about 50 million bales. If these projections are realized, China will account for 63 percent of 2013/14 global ending stocks, up 6 percentage points from the previous year.

With China’s government stockpiling a rising share of world cotton stocks, stocks outside of China are projected to fall by nearly 2 million bales. The reduction of stocks available for consumption and trade is supportive of world prices and is, therefore, a factor boosting world cotton production and constraining consumption.

Brazil’s ending stocks are forecast at 5.7 million bales in 2013/14, up 4 percent from a year earlier. Pakistan’s 2013/14 ending stocks are forecast at 3.2 million bales, up 9 percent from the previous year (maintaining the previous year global ending stocks share of 5.5 percent).

The United States and India are forecast to decrease stocks from a year ago by 25 percent and 6 percent, respectively, to 3.0 million bales and 7.4 million bales in 2013/14.

United States Department of Agriculture

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