Home / Knowledge / News / Textiles / USDA lowers 2017-18 cotton export target
USDA lowers 2017-18 cotton export target
Feb '18
USDA lowers 2017-18 cotton export target
The US department of agriculture (USDA) has lowered the country’s cotton export target for 2017-18 to 14.5 million bales of 480 lb each, down 300,000 bales from the previous forecast. To meet the revised forecast, however, exports will still have to average over 350,000 bales per week, a rate just over last year’s then-second-highest level on record.

During the first half of the current marketing year, cotton shipments from the US have lagged compared to the same period of the previous year. As of last week in January, accumulated exports this season totalled 4.57 million running bales or just 32.5 per cent of the new forecast. This is the second-lowest level in the last decade and well below the 38 per cent decadal average. The only lower year, 2014-15, saw Feb-July US exports supported by two events: a very small crop in Australia due to drought, and large MSP operations in India reducing its exports. Both of these limited competition with—and helped accelerate—US exports during Feb-July. No such favourable factors are evident so far this season to support second-half exports.

“Additionally, several factors are likely to pressure US exports in the coming months. In Australia, the cotton crop is expected to be the largest in six years, and harvest appears to have begun appreciably earlier than usual, which may enable early export shipments. As a result, US exports may face fiercer competition from Australia than is typical for the early Northern Hemisphere spring months,” the Foreign Agricultural Service (FAS) of the USDA said in its monthly report ‘Cotton: World Markets and Trade’.

Additionally, US exports would also be affected due to increase in cotton production in Mexico this year. In normal years, export shipments to Mexico have a fairly even pace over the course of the marketing year; however, the doubling of Mexican crop this year is expected to curtail imports in the second half of the season relative to the first half of the season. As such, shipments to that major market may slow noticeably.

Finally, since the beginning of cotton year 2018, implementation of new US trucking regulations has reportedly caused delays in transporting cotton from US warehouses, a situation which may not be entirely resolved and backlogs cleared before the end of the season.

As a result of these three factors, the US balance sheet at the end of 2017-18 cotton year is likely to have lower exports and higher ending stocks. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Marcel Alberts, Eurofibers

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson, TissueGen

Kevin Nelson

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

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Pranav Mishra, Huemn

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi, SVA

Sonam & Paras Modi

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

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

September 2018

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

news category

Related Categories:

Advanced Search