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US estimates enhanced cotton trade next year
16 May '11
1 min read
United States Department of Agriculture on May 12th estimated that the world's cotton trade for the next marketing year 2011/12 starting on August 1st will be increased by 8% from the previous year and is valued at 39.9 million bales (480 lbs each).
United States, the world's largest exporter is estimated to export 13.5 million bales (480 lbs each), which is 13% less than its export in 2010/11.
Contrary to the USA export numbers, Australia and Brazil are expected to export more and are pegged at 4.3 and 4.5 million bales respectively.
India's export will remain unchanged from the previous year at 4.8 million bales of 480 lbs each.
On the import side, China, the world's largest cotton importer is expected to import 19% more at 16 million bales, making it the second highest import on record. Bangladesh, world's second largest cotton importer is forecast to import 4 million bales.
United States, the world's largest exporter is estimated to export 13.5 million bales (480 lbs each), which is 13% less than its export in 2010/11.
Contrary to the USA export numbers, Australia and Brazil are expected to export more and are pegged at 4.3 and 4.5 million bales respectively.
India's export will remain unchanged from the previous year at 4.8 million bales of 480 lbs each.
On the import side, China, the world's largest cotton importer is expected to import 19% more at 16 million bales, making it the second highest import on record. Bangladesh, world's second largest cotton importer is forecast to import 4 million bales.
Seshadri Ramkumar, Texas Tech University, USA
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