This month's U.S. 2006/07 cotton estimates include increases in production, disappearance, and ending stocks. Production is raised 3 percent to 21.3 million bales, with increases mainly in Alabama, Georgia, Mississippi, and Texas.
Domestic mill use is lowered 100,000 bales to 5.2 million, reflecting lower activity in recent months. The export estimate is raised 200,000 bales to 16.2 million due to the larger supply. Ending stocks are raised to 6.0 million bales, about even with the beginning level.
The 2006/07 world cotton forecasts show lower beginning stocks, production, trade, and ending stocks compared with last month.
World production is reduced nearly 500,000 bales as reductions for Pakistan, Australia, Greece, Syria, Turkey, and others are partially offset by increases for China, the United States, and Burkina Faso.
World consumption is virtually unchanged. World trade is lowered, as China's imports are reduced based on higher production and weak demand to date.
These revisions result in a 2-percent reduction in world stocks from last month's level to about 51 million bales.
Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail: cskelly@oce.usda.gov, Darryl Earnest, AMS; Leslie Meyer, ERS; James Johnson, FAS; Scott Sanford, FSA.
Click here to view the table of cotton supply.
United States Department of Agriculture
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