US cotton output up 2%

12 Nov '05

1 min read

The 2005/06 US forecasts include higher production, exports, and ending stocks relative to last month.

Beginning stocks are reduced 112,000 bales, reflecting the final estimate of 2004/05 ending stocks by the Census Bureau.

Production is raised 2 percent to 23.2 million bales, due to higher production in all regions except the far West.

Domestic mill use is unchanged, while exports are raised 200,000 bales.

Ending stocks are 1.6 percent above last month, and the stocks-to-use ratio is 29.3 percent.

This month's forecast of higher world consumption for 2005/06 is boosting trade and reducing ending stocks.

World production is raised slightly from last month, as increases for Uzbekistan, the United States, Greece, and Mali more than offset reductions for Brazil and Tajikistan.

World consumption is raised 1.3 percent, reflecting higher forecasts for the world's three largest cotton spinners China, India, and Pakistan based on continued strong growth.

Higher imports by China and Pakistan are raising world trade and supporting higher exports by Brazil, Uzbekistan, the United States, and Greece.

Exports are lower for Pakistan and Tajikistan.

World stocks are reduced nearly 2 percent from last month's forecast to 50.2 million bales.

United States Department of Agriculture

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