Home / Knowledge / News / Textiles / USDA lowers 2012-13 world cotton output & ending stocks

USDA lowers 2012-13 world cotton output & ending stocks

15
Sep '12
World Agricultural Outlook Board (WAOB) publishes cotton supply & Demand estimates for September 2012.

According to U.S. Department of Agriculture (USDA) the 2012/13 U.S. cotton supply and demand estimates include slightly lower production and exports, resulting in lower ending stocks compared with last month.  Beginning stocks are raised marginally, reflecting a revision to estimated U.S. 2011/12 ending stocks.  The 2012/13 production estimate is reduced 3 percent, due mainly to lower estimated production for Texas and Mississippi, partially offset by increases for the Southeast.  Domestic mill use is unchanged from last month, but exports are slightly lower due both to lower U.S. production and a reduction in total world imports. 

Ending stocks are now estimated at 5.3 million bales, equivalent to 35 percent of total use.  The forecast range of 62 to 78 cents per pound for the marketing-year average price received by producers is narrowed 1 cent on each end.

An increase of nearly 2 million bales in world 2012/13 ending stocks is mainly attributable to sharply higher beginning stocks.  Prior year adjustments for China, India, and Australia account for most of the increase in beginning stocks. 

For China, higher-than-expected 2011/12 imports and lower consumption are raising stocks by 1.3 million bales.  For India, changes to the 2010/11 and 2011/12 balance sheets mainly reflect revisions published recently by India’s Cotton Advisory Board and raise stocks by 400,000 bales.  World 2012/13 ending stocks are now projected at 76.5 million bales, including a revision to the India residual.  Projected world stocks include 35.5 million bales for China.

World 2012/13 production is lowered 82,000 bales from last month, as increases for India and the African Franc Zone are more than offset by reductions for Brazil and the United States.  World consumption and imports are reduced 600,000 bales, as lower demand by China is partially offset by increases for Pakistan and others; exports are reduced for Australia, India, and the United States. 

The decrease in China’s consumption is consistent with the 2011/12 reduction.  China’s consumption is expected to fall 2.5 percent from last season due to the government’s price support, reserve, and stock policies.

U.S. Department of Agriculture (USDA)


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Jul 2021

ACSA, Cotton Australia receive govt grant for market diversification

The Australian Cotton Shippers Association and Cotton Australia have...

Pic: Shutterstock

Apparel/Garments | On 27th Jul 2021

US buyers to raise sourcing of RMG from Bangladesh: USFIA study

Nearly half of US fashion brands and buyers are eager to source more...

Pic: Shutterstock

Textiles | On 27th Jul 2021

Prime Content| Malaysian cotton trade to pick up as world recovers from COVID-19

Malaysian cotton trade is on a rise due to recovery from the pandemic ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

There was a certain switch, but it was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

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

Leave your Comments


July 2021

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


Advanced Search