Home / Knowledge / News / Textiles / Domestic outlook for cotton supply & demand

Domestic outlook for cotton supply & demand

Feb '07
U.S. Cotton Supply and Demand Overview:
The U.S. cotton crop for 2006/07 remains estimated at 21.7 million bales (upland at nearly 21 million and extra-long staple (ELS) at 756,000 bales), compared with the 2005/06 record of 23.9 million. Based on the latest Cotton Ginnings report, ginnings were about 97 percent complete by the beginning of February, with about 21.1 million bales ginned. The USDA will release the final 2006/07 ginnings as well as the final upland and ELS production estimates on May 11th.

Based on this production estimate and the current estimates for beginning stocks (6.1 million bales) and imports (25,000 bales), the 2006/07 U.S. cotton supply is forecast at 27.8 million bales, 5.5 percent below last season's record.

Meanwhile, total demand this season is projected to decline to 19.5 million bales, the lowest level in 4 years. As a result, 2006/07 ending stocks are forecast to rise 37 percent, to 8.3 million bales.

Export Projection Revised; Mill Use Estimate Unchanged:
The U.S. cotton export forecast was lowered nearly 8 percent this month, reflecting lower estimated imports by China and continued sluggish U.S. export sales and shipments.

At 14.5 million bales, U.S. cotton exports are 20 percent below last season's record but similar to shipments in 2004/05. With the expected decline, the U.S. share of world trade is also lower this month, to 36 percent, compared with last season's 40 percent.

U.S. cotton mill use, on the other hand, remains estimated at 5 million bales in February. Based on data from the Commerce Department, the seasonally adjusted annualized rate of mill use has averaged just above 5 million bales for the August through December period.

Actual cotton mill use for the comparable period is running about 400,000 bales below 2005/06, a year in which cotton mill use reached 5.9 million bales. In 2006/07, cotton is currently estimated about 15 percent below last season and at the lowest level since 1931/32.

Click here to read more:

United States Department of Agriculture, USA

Must ReadView All

Pic: Shutterstock

Retail | On 26th Oct 2021

UK retail sales volumes drop by 0.2% in Sept 2021: ONS

UK retail sales volumes fell by 0.2 per cent in September following...

Pic: Shutterstock

Textiles | On 26th Oct 2021

US budget deficit hits $2.77 trn in 2021, the second highest

US budget deficit totalled $2.77 trillion for the fiscal that ended...

Pic: Shutterstock

Textiles | On 26th Oct 2021

China world's 2nd-largest importer for 11 years: Commerce ministry

China has been the world's second-largest importer for 11 consecutive ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Shaan Sethi, Jaanuu

Shaan Sethi

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Thomas Ong P S, NanoTextile

Thomas Ong P S

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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 ...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2021

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

Advanced Search