Washington, DC
March 1, 2007
South American cotton production
is forecast at a record 1.7 million tons in 2006/07, up 28% from
last season. Production is expected to increase in Brazil to 1.4
million tons (+33%) and in Argentina to 177,000 tons (+35%) but
is forecast stable or down in most other South American
countries.
World cotton production is expected to remain stable at 25.4
million tons in 2007/08. World cotton consumption is forecast at
26.6 million tons in 2007/08, based on a continued but slower
growth. Chinese mill use is expected to continue to drive world
mill use and imports in 2007/08. Global cotton imports are
projected to increase by 7% to 9.2 million tons in 2007/08, the
second highest up to date after the record of 9.8 million tons
in 2005/06.
World cotton ending stocks are forecast down by 3% to 11.6
million tons in
2006/07 and down by 7% to 10.7 million tons in 2007/08. Stocks
are expected to decline more significantly in China (Mainland)
than in the rest of the world 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 |
25.4 |
113.3 |
116 |
117 |
|
Consumption |
24.97 |
26.0 |
26.6 |
114.7 |
119 |
122 |
|
Exports |
9.80 |
8.7 |
9.2 |
45.0 |
40 |
42 |
|
Ending Stocks |
11.91 |
11.6 |
10.7 |
54.7 |
53 |
49 |
|
Stock adjustment |
0.30 |
0.3 |
0.3 |
1.4 |
1 |
1 |
|
Cotlook A Index* |
56.15 |
59** |
67*** |
56.15 |
59* |
67** |
|
* Season-average Cotlook A Index
(U.S. cents per pound).
** Not a projection. Average for the first seven months of
2006/07 (August 1, 2006 to February 28, 2007).
*** The projection for 2007/08 is based on current estimates of
supply and use.
PDF version:
http://www.icac.org/cotton_info/publications/press/2007/pr_march_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 |
