Home / Knowledge / News / Textiles / USDA downwardly revises 2014 US cotton output estimates
USDA downwardly revises 2014 US cotton output estimates
23
Oct '14
The latest USDA October report forecasts the US cotton crop for 2014 at nearly 16.3 million bales, down slightly from its last month’s forecast, but is 3.3 million bales or 26 percent above the 2013 production.

According to the USDA, although harvested area remained unchanged in October, the national average yield slipped due to which the US production estimate fell 283,000 bales this month.

The US upland cotton crop is estimated at 15.7 million bales, above both last season and the 5-year average. In the Southwest, the 2014 upland crop is estimated at 6.6 million bales, while in the Southeast, it is estimated at 5.1 million bales.

Meanwhile, California continues to account for most of the extra-long staple (ELS) crop, producing nearly 90 percent of the 2014 crop and is estimated at 578,000 bales, 9 percent below 2013 and the lowest in 4 years, as area declined to its lowest since 2009.

Total 2014 U.S. cotton harvested area is estimated at approximately 9.9 million acres, 31 percent above last season. The national yield is forecast at 790 pounds per harvested acre, 31 pounds below the previous two seasons but equal to the 2011 yield.

The US cotton demand estimate for 2014/15 remains unchanged this month, USDA said, despite reduced foreign import expectations, particularly by China. Demand for US cotton is currently forecast at 13.8 million bales this season.

Despite the lowest US export estimate since 2000/01, US share of global trade is forecast to increase in 2014/15 to 29 percent, the highest in four seasons. As a result, US ending stocks have been revised lower in October to 4.9 million bales, double the beginning stock estimate.

Based on the most recent prices and the latest supply and demand estimates, the average upland cotton farm price in now projected to range between 55 cents and 65 cents per pound in 2014/15.

“The midpoint of 60 cents would represent a significant decline from last season’s final estimate of 77.9 cents per pound and the 2012/13 price of 72.5 cents per pound. The lower price expectation will likely play a key role in acreage decisions for 2015,” USDA informed. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Indian textile & apparel exports fall 13% in Jan 2018

Textiles | On 17th Feb 2018

Indian textile & apparel exports fall 13% in Jan 2018

A decline of 13 per cent year-on-year has been observed in the...

Brazilian cotton prices move up in first fortnight

Textiles | On 17th Feb 2018

Brazilian cotton prices move up in first fortnight

Cotton prices rose in Brazil in the first fortnight of February, as...

Courtesy: OrganoClick

Textiles | On 17th Feb 2018

OrganoClick introduces OrganoTex for water repellency

OrganoClick has introduced OrganoTex, a textile impregnation product...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.0%
No
13.0%
Skip
17.0%

Total Votes: 100

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.0%
No
30.0%
Skip
7.0%

Total Votes: 100

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.0%
No
9.0%
Skip
3.0%

Total Votes: 100

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.0%
No
8.0%
Skip
9.0%

Total Votes: 100


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