Washington, DC
April, 2007World
cotton production is forecast in 2007/08 at 25.2 million tons,
almost unchanged from 2006/07. Production in China (Mainland) is
expected to decline slightly to 6.5 million tons, still the
second largest up to date. Production is expected to increase
slightly in India to a record 4.7 million tons. Production in
the United States is forecast down by 10% to 4.3 million tons.
World cotton consumption is projected to
increase by 2% to 26.7 million tons in 2007/08, still driven by
Chinese mill use. International cotton trade is expected to
rebound from 8.5 million tons in 2006/07 to 9.2 million tons in
2007/08, driven by an expected rebound in Chinese imports.
World cotton ending stocks are forecast
down by 5% to 11.3 million tons in 2006/07 and by 10% to 10.1
million tons in 2007/08.
WORLD COTTON SUPPLY AND DISTRIBUTION
|
. |
2005/06 |
2006/07 |
2007/08 |
2005/06 |
2006/07 |
2007/08 |
|
. |
Million Tons |
Million Bales |
|
Production |
24.67 |
25.3 |
25.2 |
113.3 |
116 |
116 |
|
Consumption |
25.10 |
26.2 |
26.7 |
115.3 |
120 |
123 |
|
Exports |
9.80 |
8.5 |
9.2 |
45.0 |
39 |
42 |
|
Ending Stocks |
11.86 |
11.3 |
10.1 |
54.5 |
52 |
47 |
|
Stock adjustment |
0.30 |
0.3 |
0.3 |
1.4 |
1 |
1 |
|
Cotlook A Index* |
56.15 |
58** |
62*** |
56.15 |
58* |
62** |
|
* Season-average Cotlook A Index (U.S.
cents per pound).
** Not a projection. Average for the first eight months of
2006/07 (August 1, 2006 to March 30, 2007).
*** The projection for 2007/08 represents the Secretariat's
judgment, based on projections for net China (Mainland) trade
and the world-less-China (Mainland) ending stocks-to-use ratio.
PDF version:
http://www.icac.org/cotton_info/publications/press/2007/pr_april_07.pdf
The International Cotton
Advisory Committee is an association of 41 governments of
cotton producing and consuming countries. The Secretariat of the
Committee publishes information related to world cotton
production, supply, demand and prices, and provides technical
information on cotton production technology |
