Home / Knowledge / News / Textiles / USDA projects 2015 US cotton crop at 14.5mn bales
USDA projects 2015 US cotton crop at 14.5mn bales
22
Jul '15
According to the latest USDA report, the 2015 US cotton crop is projected at 14.5 million bales, unchanged since May and 11 per cent below the 2014 crop.

“Despite a decrease in planted area reported in the June acreage report, expectations for a lower abandonment and a higher yield, offset reduced plantings,” the report said.

Favourable precipitation in May and June eliminated drought conditions, particularly in the Southwest, but the rainfall in June kept plantings from reaching initial expectations.

Total cotton harvested area is estimated at 8.5 million acres in July, while US abandonment is based on the 10-year average abandonment by region, with the Southwest estimated at 7.5 per cent.

USDA forecast the US yield at 819 pounds per harvested acre, 19 pounds below last season, as a larger share of the Southwest's lower yielding acreage is expected to be harvested in 2015.

Yield expectations are based on 3-year average yields by region, with the Southwest adjusted to reflect the beneficial rainfall this season.

The report further added that as of July 12, 61 per cent of the crop was squaring, compared with 68 per cent last year and the 2010-14 average of 70 per cent.

Similarly, area setting bolls had reached 18 per cent by the same date as against 22 per cent in 2014 and a 5-year average of 24 per cent.

Again as of July 12, 57 per cent of the US cotton area was rated good or excellent, up from 53 per cent a year earlier, while 8 per cent was rated poor or very poor, down from 14 per cent in 2014.

For the current month's report, USDA informed that it has revised US demand and stocks for both 2014/15 and 2015/16.

For 2014/15, US cotton demand was increased to 14.55 million bales due to recent activity, while US mill use estimate was reduced 100,000 bales in July to 3.55 million bales, equal to the 2013/14 level.

Exports, on the other hand, were increased 300,000 bales as shipments through early July were stronger than previously anticipated.

According to the US agricultural agency, US cotton exports are forecast at 11 million bales for 2014/15, 4.5 per cent above the previous season.

Based on latest estimates, the US share of world trade is projected near 32 per cent, up from 26 per cent in 2013/14.

For 2015/16, US cotton demand was increased slightly to 14.55 million bales, matching the revised 2014/15 estimate.

US mill use is forecast at 3.75 million bales in 2015/16, a 50,000-bale decrease in July but a 200,000-bale increase from 2014/15, as additional spinning capacity comes online and is expected to elevate mill use.


Must ReadView All

Uzbekistan-China meeting discusses textile cooperation

Textiles | On 20th Aug 2018

Uzbekistan-China meeting discusses textile cooperation

A meeting of the Uzbek-Chinese business forum on cooperation in the...

Amazon infuses additional $400 mn into India operations

Apparel/Garments | On 20th Aug 2018

Amazon infuses additional $400 mn into India operations

Amazon has invested an additional $400 million (₹2700 crore) in two...

Moldova wooing Indian investors in textiles, agriculture

Textiles | On 20th Aug 2018

Moldova wooing Indian investors in textiles, agriculture

Moldova is wooing Indian investors in textiles, agriculture and a few ...

Interviews View All

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


August 2018

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

news category


Related Categories:

Advanced Search