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2016/17 US cotton crop to be largest since 2012/13
23
Mar '17
The latest 2016/17 US cotton crop estimate of the US Department of Agriculture (USDA) is one third larger than the prior season’s crop and would be the largest since 2012/13. The March projection has increased the 2016/17 US cotton crop by 271,000 bales to 17.2 million bales, of which 16.7 million bales is upland and extra long staple is at 565,000 bales.

Based on the current crop estimate and beginning stocks of 3.8 million bales, USDA estimates the 2016/17 cotton supply to total about 21 million bales, 27 per cent higher than last season and the largest since 2010/11.

For 2016/17, US cotton demand is projected at 16.5 million bales, similar to the total reached in 2012/13, while US mill use in 2016/17 is estimated at only 3.3 million bales, with exports, anticipated to rebound significantly to 13.2 million bales.

For the week ending March 2, US cotton export shipments surpassed 500,000 bales, a first for the season and one of the largest shipment weeks recorded since the early 1970s.

US share of global trade is forecast to rise to nearly 37 per cent, the highest since 2010/11. (AR)

Fibre2Fashion News Desk – India


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