Home / Knowledge / News / Textiles / US cotton production projection lowered, USDA
US cotton production projection lowered, USDA
13
Jun '11
USDA's June projection for the 2011 cotton crop was reduced from 18 million bales in May to 17 million bales due to the drought conditions which are expected to reduce harvested area, particularly in the Southwest region. In 2010, the U.S. cotton crop totaled 18.1 million bales. With U.S. abandonment projected at 19 percent for 2011, harvested acreage is currently estimated at 10.2 million acres, 500,000 acres below 2010 despite 1.6 million additional acres expected to be planted for the 2011 season.

The planting estimate currently at 12.6 million acres will be updated in the Acreage report released by USDA on June 30th. This report will include actual plantings as of early June as well as estimates for any remaining cotton to be planted. As of June 5th, 87 percent of the expected cotton area had been planted, slightly below last season but equal to the 5-year average. In addition to planting progress, 9 percent of the national crop area was squaring, slightly above last season and the 5-year average.

With the June projection, the U.S. cotton yield remains forecast at 800 pounds per harvested acre, as the reduction in production was associated with the expected loss of area to be harvested. The 2011/12 yield projection is 12 pounds below the 2010 season and 19 pounds below the 5-year average. USDA will begin “in field” production surveys in August.

Revisions to Demand and Stock Estimates
Adjustments to June's U.S. cotton demand estimates were limited to exports. For both 2010/11 and 2011/12, U.S. cotton exports were reduced 500,000 bales. The current-year adjustment was the result of continued cancellations of previous sales and includes a small allowance for rollover sales into the new crop year. The reduction for 2011/12 was the result of a smaller U.S. crop projection, which is expected to limit exportable supplies, as well as slightly lower foreign demand.

U.S. exports are estimated at 15 million bales for the current season and 13 million bales for 2011/12. With U.S. exports decreasing and world trade expected to rise 10 percent in 2011/12, the U.S. share of global trade is estimated to decline from 42 percent in 2010/11 to 33 percent, a share similar to 2009/10.

As a result of the reduction in 2010/11 exports, U.S. ending stocks were increased to 2.25 million bales but are still 700,000 bales below the beginning level and the lowest since the mid-1920s; the stocks-to-use ratio is also near historic lows at 12 percent. For 2011/12, ending stocks remain projected at 2.5 million bales, up slightly from the current season. The stocks-to-use ratio rises to 15 percent but remains the second lowest since the 1995 season.

Based on the latest supply and demand estimates, the forecast for the 2011/12 U.S. average farm price is projected to range between 95 and 115 cents per pound, with the midpoint of this range a record. The comparable price for 2010/11 is estimated between 81 and 83 cents per pound, following a 62.9 cent farm price for 2009/10.


Must ReadView All

Building of Ethiopian textile unit by Chinese firm starts

Textiles | On 22nd Jan 2018

Building of Ethiopian textile unit by Chinese firm starts

Chinese firm Wuxi No. 1 Cotton Mill will build a textile plant in...

JD.com to invest $3.1 bn to revive industry in NE China

Apparel/Garments | On 22nd Jan 2018

JD.com to invest $3.1 bn to revive industry in NE China

To back the government’s campaign to revitalize the traditional...

SIMA makes pre-budget recommendations to Indian govt

Textiles | On 22nd Jan 2018

SIMA makes pre-budget recommendations to Indian govt

Exemption of 5 per cent goods and services tax (GST) on raw cotton,...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

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

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

January 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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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