The U.S. is changing its export credit guarantee programs effective July 1, 2005, and the U.S. Administration is working with the Congress to change the Step 2 program for upland cotton to comply with WTO rules. In addition, the American Pima competitiveness payment formula will be changed on August 5, 2005. These changes are not expected to affect the volume of U.S. exports.
WORLD COTTON SUPPLY AND DISTRIBUTION |
| | 2004/05 | 2005/06 | 2006/07 | 2004/05 | 2005/06 | 2006/07 |
| | Million Tons | Million Bales |
| Production | 26.26 | 23.9 | 24.7 | 120.6 | 110 | 114 |
| Consumption | 23.26 | 23.8 | 24.5 | 106.8 | 109 | 113 |
| Exports | 7.27 | 8.1 | 8.3 | 33.4 | 37 | 38 |
| Ending Stocks | 10.71 | 10.8 | 11.1 | 49.2 | 50 | 51 |
| Cotlook A Index | 52* | 65* | 65* | 52* | 65* | 65* |
* US cents per pound. The estimate for 2004/05 IS NOT A PRICE MODEL RESULT.
The statistical estimate for 2005/06 is based on current estimates of supply and use; 95% confidence intervals extend 12 cents per pound above and below the estimate.
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. Detailed statistics are found bimonthly in COTTON: Review of the World Situation, $160 per year.
A monthly outlook by fax is also available for $300 per year or on the Internet for $250 per year. Access to the weekly estimates of world cotton supply and use by the Secretariat is also available on the Internet for $500 per year.
International Cotton Advisory Committee
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