cotton - cornell university · export data brazil 400 6,200 5,800 higher-than-expected export data...

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Approved by the World Agricultural Outlook Board/USDA

Emerging Origins Supply China’s Soaring Imports

China cotton imports in 2019/20 are expected to surpass the previous year’s robust level, reinforcing its position

as the world’s largest importer. The current 2018/19 estimate, boosted this month, is expected to be the largest in

5 years as China supplements domestic supplies amid ongoing auctions of State Reserve stocks. Despite this

strong upward trend in imports, U.S. exports to China have weakened as Brazil, Australia, and other countries

have expanded both exports and market share.

The additional 25-percent tariff on

U.S. cotton (implemented July 2018)

has curtailed its historically dominant

position as China’s leading supplier,

with estimates suggesting these duties

add RMB 4,000 ($600)/ton (see

China’s 2019 Annual Report here).

Moreover, record 2018/19 exportable

supplies from Brazil have improved

its competitiveness relative to U.S.

cotton, while Australia’s proximity

and large carryin supplies have

supported recent strong shipments.

Despite increased competition and

tariffs, 1.3 million bales of U.S. cotton were imported by China from August to May. Although U.S. 2019/20

global exports are expected to grow from the previous year, shipments to China may be impeded amidst projected

record 2019/20 exportable supplies from Brazil and because of current trade policies.

0

1

2

3

Australia Brazil United States India Other

Non-U.S. Exports to China Balloon

Aug 2017 - May 2018 Aug 2018 - May 2019

United States

Department of

Agriculture

Foreign Agricultural Service July 2019

Cotton:

World Markets and Trade

Mil. Bales

0

2

4

6

8

10

12

14

16

2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20

China Cotton Imports SurgeMil. Bales

https://gain.fas.usda.gov/Recent%20GAIN%20Publications/Cotton%20and%20Products%20Annual_Beijing_China%20-%20Peoples%20Republic%20of_4-11-2019.pdf

Overview

For 2019/20, the forecast shows lower world consumption, primarily in Bangladesh and China.

Bangladesh imports are also down, pulling global trade lower this month. Total ending stocks are higher

on larger supplies in India and China. The U.S. forecast is mostly unchanged from last month with

slightly higher ending stocks, and the U.S. season-average farm price is projected at 63 cents per pound,

down 1 cent.

For 2018/19, world production is forecast up slightly, mostly in India. Trade is estimated lower with

subdued demand in Bangladesh along with less exports from Australia. Slower Australia exports has

helped raise global stocks this month, along with less use in China. Higher stocks also portray the U.S.

balance sheet, as exports and consumption are both lowered. The U.S. season-average farm price is

unchanged at 70 cents/lbs.

For current prices received by farmers click here; NASS farm price

Prices

The A-index and the U.S. spot prices were mostly unchanged in June amid uncertain market conditions.

For more information on U.S. spot price click here; AMS Cotton Market News

Foreign Agricultural Service/USDA 2 July 2019Office of Global Analysis

http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1002

http://www.ams.usda.gov/market-news/cotton

2019/20 TRADE OUTLOOK

Major Importers: 1,000 bales

Change Current Prev. Reason

WORLD - 44,122 44,742

Bangladesh -1,000 7,300 8,300 Slow year-over-year growth

Vietnam 200 7,800 7,600

Stronger import demand

amid less use in China and Bangladesh

Indonesia 100 3,300 3,200 Lower carryin supplies

Pakistan 100 3,000 2,900 Lower carryin supplies

Major Exporters 1,000 bales


WORLD - 44,153 44,753

India -400 4,400 4,800 Uncompetitive prices relative to other major

exporters

Brazil -200 8,000 8,200 Reduced domestic

supplies

2018/19 TRADE OUTLOOK

Major Importers: 1,000 bales


WORLD - 41,413 42,458

Bangladesh -1,100 6,900 8,000 Lower-than-expected

imports

China 500 9,250 8,750 Higher-than-expected import data

Indonesia -100 3,000 3,100 Import data

Pakistan -100 2,900 3,000 Import data

Vietnam -100 7,000 7,100 Import data

Major Exporters 1,000 bales


WORLD - 41,059 42,099

Australia -600 3,600 4,200 Slower-than-expected

export data

Brazil 400 6,200 5,800 Higher-than-expected

export data

India -400 3,800 4,200 Slower-than-expected

export data

United States -250 14,500 14,750 Export data

Turkmenistan -200 200 400 Tepid export pace

Uzbekistan -200 600 800 Tepid export pace


The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database

for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand

Estimates (WASDE) report is released. This circular is released by 12:15 p.m.

FAS Reports and Databases:

Current World Market and Trade and World Agricultural Production Reports:

https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads

Archives World Market and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7

Production, Supply and Distribution Database (PSD Online):

https://apps.fas.usda.gov/psdonline/app/index.html#/app/home

Global Agricultural Trade System (U.S. Exports and Imports):

http://apps.fas.usda.gov/gats/default.aspx

Export Sales Report:

http://apps.fas.usda.gov/esrquery/

Global Agricultural Information Network (Agricultural Attaché Reports):

http://gain.fas.usda.gov/Pages/Default.aspx

Other USDA Reports:

World Agricultural Supply and Demand Estimates (WASDE):

http://www.usda.gov/oce/commodity/wasde/

Economic Research Service:

http://www.ers.usda.gov/topics/crops

National Agricultural Statistics Service:

http://www.nass.usda.gov/Publications/

Questions may be directed to:

James Johnson (202) 690-1546 [email protected]

([email protected])

Graham Soley (202) 772-4235 [email protected]

([email protected])


https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7

https://apps.fas.usda.gov/psdonline/app/index.html#/app/home

http://apps.fas.usda.gov/gats/default.aspx

http://apps.fas.usda.gov/esrquery/

http://gain.fas.usda.gov/Pages/Default.aspx

http://www.usda.gov/oce/commodity/wasde/

http://www.ers.usda.gov/topics/crops

http://www.nass.usda.gov/Publications/

mailto:[email protected]

mailto:[email protected]

Summary of Changes in estimates and Forecasts from Last Month

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks

Production Imports Exports Use Loss Total Dom.

Cons.

Ending

Stocks

Australia

600000-6000000 2018/19

6000000006000 2019/20

Azerbaijan

10000001000 2018/19

-5000000-6010-5 2019/20

Bangladesh

-200-9000-9000-1,100000 2018/19

-300-9000-9000-1,0000-2000 2019/20

Brazil

-4000004000000 2018/19

-200000-20000-4000 2019/20

China

1,000-5000-5000500000 2018/19

1,500-5000-5000001,0000 2019/20

Colombia

-5-100-100-352001 2018/19

-50000-3030-56 2019/20

Egypt

25000-250000 2019/20

Greece

25-25-25000000 2017/18

0-25-2505000250 2018/19

0-25-250250000 2019/20

India

00000000110 2010/11

00000000200 2012/13

00000000250 2013/14

00000000-50 2014/15

00000000150 2017/18

6502000200-400-505000350 2018/19

1,3502000200-4000500650250 2019/20

Indonesia

-1000000-100000 2018/19

000001000-1000 2019/20


Summary of Changes in estimates and Forecasts from Last Month (Continued)

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks


Cons.

Ending

Stocks

Malaysia

-1000001000000 2018/19

-100000000-1000 2019/20

Pakistan

-1000000-100000 2018/19

000001000-1000 2019/20

Peru

0-100-100-10000 2018/19

Russia

-5-50-50-10000 2018/19

0000050-50 2019/20

South Africa

900000900 2018/19

900000090 2019/20

Spain

-10000100000 2018/19

-5000050-100 2019/20

Taiwan

-5-100-100-15000 2018/19

-5000000-50 2019/20

Thailand

0-250-250-25000 2018/19

Turkey

-50000500000 2018/19

-50000000-500 2019/20

Turkmenistan

12575075-2000000 2018/19

2510001000001250 2019/20

United States

350-1000-100-2500000 2018/19

30050500000350-16 2019/20

Uzbekistan

6550050-2000-8500 2018/19

650000006540 2019/20


Summary of Changes in estimates and Forecasts from Last Month (Continued)

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks


Cons.

Ending

Stocks

Vietnam

-1000000-100000 2018/19

0100010002000-1000 2019/20

World

World

00000000110 2010/11

00000000200 2012/13

00000000250 2013/14

00000000-50 2014/15

25-25-2500000150 2017/18

1,734-1,260-25-1,235-1,040-1,04545425351 2018/19

3,159-97525-1,000-600-6204701,734275 2019/20


Table 01 Cotton World Supply, Use, and Trade (Season Beginning August 1)

(1000 MT)

2015/16 2016/17 2017/18 2018/19

Jun

2019/20

Jul

2019/20

Production none

5,639 India 5,879 6,314 5,770 6,205 6,314

4,790 China 4,953 5,987 6,042 6,042 6,042

2,806 United States 3,738 4,555 3,999 4,790 4,790

1,289 Brazil 1,528 2,007 2,787 2,613 2,613

1,524 Pakistan 1,676 1,785 1,676 1,742 1,742

577 Turkey 697 871 806 893 893

827 Uzbekistan 811 840 700 708 708

3,484 Other 3,944 4,590 4,200 4,293 4,286

20,937 Total 23,227 26,951 25,980 27,285 27,387

USE Dom. Consumption none

7,838 China 8,382 8,927 8,600 8,927 8,818

5,389 India 5,302 5,258 5,443 5,508 5,552

2,243 Pakistan 2,243 2,351 2,308 2,330 2,330

980 Vietnam 1,176 1,437 1,546 1,633 1,655

1,372 Bangladesh 1,481 1,633 1,546 1,807 1,611

1,459 Turkey 1,426 1,622 1,437 1,459 1,459

675 Brazil 697 740 762 784 784

4,700 Other 4,590 4,742 4,719 4,827 4,848

24,655 Total 25,296 26,710 26,361 27,274 27,056

Imports none

959 China 1,096 1,246 2,014 2,286 2,286

1,002 Vietnam 1,197 1,513 1,524 1,655 1,698

1,388 Bangladesh 1,481 1,655 1,502 1,807 1,589

640 Indonesia 738 762 653 697 718

718 Pakistan 533 718 631 631 653

918 Turkey 801 876 697 653 653

233 India 596 365 327 305 305

1,858 Other 1,765 1,795 1,668 1,707 1,703

7,717 Total 8,207 8,931 9,017 9,742 9,607

Exports none

1,993 United States 3,248 3,450 3,157 3,701 3,701

939 Brazil 607 909 1,350 1,785 1,742

1,255 India 991 1,128 827 1,045 958

616 Australia 812 852 784 392 392

142 Benin 174 218 288 299 299

209 Greece 221 234 294 294 299

218 Mali 239 283 283 294 294

2,175 Other 1,951 1,856 1,956 1,933 1,928

7,546 Total 8,244 8,931 8,940 9,744 9,613

Ending Stocks none

12,345 China 9,998 8,278 7,701 6,857 7,184

1,243 Brazil 1,509 1,885 2,571 2,718 2,674

1,534 India 1,716 2,009 1,834 1,649 1,943

827 United States 599 936 1,089 1,393 1,459

569 Pakistan 504 616 594 622 622

409 Australia 477 662 393 276 407

330 Bangladesh 355 404 388 458 393

2,379 Other 2,329 2,839 2,689 2,847 2,828

19,636 Total 17,485 17,628 17,258 16,821 17,509


Table 02 Cotton World Supply, Use, and Trade (Season Beginning August 1)

(1000 Bales)

2015/16 2016/17 2017/18 2018/19

Jun

2019/20

Jul

2019/20

Production none

5,920 Brazil 7,020 9,220 12,800 12,000 12,000

22,000 China 22,750 27,500 27,750 27,750 27,750

25,900 India 27,000 29,000 26,500 28,500 29,000

7,000 Pakistan 7,700 8,200 7,700 8,000 8,000

2,650 Turkey 3,200 4,000 3,700 4,100 4,100

12,888 United States 17,170 20,923 18,367 22,000 22,000

3,800 Uzbekistan 3,725 3,860 3,215 3,250 3,250

16,004 Other 18,114 21,081 19,291 19,717 19,687

96,162 Total 106,679 123,784 119,323 125,317 125,787

USE Dom. Consumption none

6,300 Bangladesh 6,800 7,500 7,100 8,300 7,400

3,100 Brazil 3,200 3,400 3,500 3,600 3,600

36,000 China 38,500 41,000 39,500 41,000 40,500

24,750 India 24,350 24,150 25,000 25,300 25,500

3,000 Indonesia 3,300 3,500 3,100 3,200 3,200

10,300 Pakistan 10,300 10,800 10,600 10,700 10,700

6,700 Turkey 6,550 7,450 6,600 6,700 6,700

3,450 United States 3,250 3,225 3,000 3,100 3,100

1,800 Uzbekistan 2,000 2,500 2,800 3,000 3,000

4,500 Vietnam 5,400 6,600 7,100 7,500 7,600

13,337 Other 12,532 12,554 12,772 12,868 12,968

113,237 Total 116,182 122,679 121,072 125,268 124,268

Imports none

6,375 Bangladesh 6,800 7,600 6,900 8,300 7,300

4,406 China 5,032 5,725 9,250 10,500 10,500

1,072 India 2,736 1,677 1,500 1,400 1,400

2,941 Indonesia 3,391 3,498 3,000 3,200 3,300

1,175 Korea, South 1,025 904 800 775 775

975 Mexico 1,000 925 850 850 850

3,300 Pakistan 2,450 3,300 2,900 2,900 3,000

1,275 Thailand 1,226 1,149 1,150 1,175 1,175

4,218 Turkey 3,679 4,024 3,200 3,000 3,000

4,600 Vietnam 5,500 6,950 7,000 7,600 7,800

5,107 Other 4,857 5,267 4,863 5,042 5,022

35,444 Total 37,696 41,019 41,413 44,742 44,122

Exports none

2,828 Australia 3,731 3,915 3,600 1,800 1,800

650 Benin 800 1,000 1,325 1,375 1,375

4,314 Brazil 2,789 4,174 6,200 8,200 8,000

1,080 Burkina 1,155 1,225 1,000 1,050 1,050

550 Cameroon 500 400 550 550 550

780 Cote d'Ivoire 625 620 825 800 800

959 Greece 1,017 1,076 1,350 1,350 1,375

5,764 India 4,550 5,182 3,800 4,800 4,400

1,000 Mali 1,100 1,300 1,300 1,350 1,350

9,153 United States 14,917 15,847 14,500 17,000 17,000

7,578 Other 6,682 6,279 6,609 6,478 6,453

34,656 Total 37,866 41,018 41,059 44,753 44,153

Ending Stocks none

1,880 Australia 2,189 3,039 1,804 1,269 1,869

1,515 Bangladesh 1,630 1,855 1,780 2,105 1,805

5,709 Brazil 6,929 8,657 11,807 12,482 12,282

56,698 China 45,919 38,019 35,369 31,494 32,994

7,044 India 7,880 9,225 8,425 7,575 8,925

2,615 Pakistan 2,315 2,830 2,730 2,855 2,855

3,800 United States 2,750 4,300 5,000 6,400 6,700

10,927 Other 10,697 13,041 12,349 13,078 12,987

90,188 Total 80,309 80,966 79,264 77,258 80,417


Table 04 Cotton Area, Yield, and Production

From last month From last year

MBalesPercent

Yield

(Kilograms per hectare)

Jul 2017/18 MBales

Country / Region

Area

(Million hectares)

Production

(Million 480 lb. bales)

Change in Production

2017/18

Prel.

2018/19 Jun Jun

Prel.

2018/19 Jul

Prel.

2018/19 Jun Jul Percent

2019/20 Proj.2019/20 Proj. 2019/20 Proj.

2017/18

33.73World 5.426.460.380.47125.7933.54 34.45 34.73 799 775 792 789 123.78 119.32 125.32

4.49United States 19.783.630.000.0022.004.13 5.08 5.06 1,014 968 944 947 20.92 18.37 22.00

29.24Total Foreign 2.802.830.450.47103.7929.41 29.38 29.67 766 747 766 762 102.86 100.96 103.32

none

Western Hemisphere

1.18 Brazil -6.25-0.800.000.0012.001.60 1.55 1.55 1,708 1,747 1,686 1,686 9.22 12.80 12.00

0.21 Mexico 3.550.060.000.001.750.24 0.24 0.24 1,617 1,546 1,588 1,588 1.56 1.69 1.75

0.32 Argentina -6.25-0.070.000.001.050.38 0.38 0.38 558 642 602 602 0.82 1.12 1.05

0.01 Paraguay 0.000.000.000.000.020.01 0.01 0.01 416 416 416 416 0.02 0.02 0.02

0.02 Peru 0.000.000.000.000.080.02 0.02 0.02 1,012 1,025 1,025 1,025 0.08 0.08 0.08

0.01 Colombia 16.670.0175.000.030.070.01 0.01 0.02 968 1,306 968 1,016 0.04 0.06 0.04

Africa

0.85 Burkina 30.430.280.000.001.200.64 0.73 0.73 307 313 360 360 1.20 0.92 1.20

0.71 Mali 13.100.170.000.001.430.72 0.74 0.74 432 381 419 419 1.40 1.26 1.43

0.33 Cote d'Ivoire -5.14-0.050.000.000.830.39 0.41 0.41 536 486 441 441 0.81 0.88 0.83

0.23 Cameroon -5.83-0.040.000.000.570.25 0.25 0.25 484 523 492 492 0.50 0.60 0.57

0.53 Benin 3.570.050.000.001.450.65 0.68 0.68 468 469 468 468 1.14 1.40 1.45

0.12 Chad 400.000.160.000.000.200.06 0.22 0.22 181 145 198 198 0.10 0.04 0.20

0.16 Togo 10.420.030.000.000.270.19 0.19 0.19 299 282 312 312 0.22 0.24 0.27

0.02 Senegal 20.690.010.000.000.040.02 0.02 0.02 359 301 331 331 0.03 0.03 0.04

0.09 Egypt -30.00-0.150.000.000.350.14 0.10 0.10 718 772 762 762 0.30 0.50 0.35

0.20 Zimbabwe -5.00-0.010.000.000.190.20 0.20 0.20 294 218 207 207 0.27 0.20 0.19

0.27 Nigeria 0.000.000.000.000.240.27 0.27 0.27 190 190 190 190 0.24 0.24 0.24

Asia Oceania

3.40 China 0.000.000.000.0027.753.50 3.45 3.45 1,761 1,726 1,751 1,751 27.50 27.75 27.75

12.60 India 9.432.501.750.5029.0012.60 12.35 12.60 501 458 502 501 29.00 26.50 28.50

2.70 Pakistan 3.900.300.000.008.002.40 2.50 2.50 661 699 697 697 8.20 7.70 8.00

0.13 Kazakhstan 4.550.020.000.000.350.13 0.12 0.12 523 561 642 642 0.30 0.33 0.35

0.19 Tajikistan 0.000.000.000.000.450.18 0.18 0.18 671 544 544 544 0.57 0.45 0.45

0.55 Turkmenistan 31.870.290.000.001.200.55 0.55 0.55 535 364 479 479 1.34 0.91 1.20

1.25 Uzbekistan 1.090.040.000.003.251.10 1.01 1.05 672 636 701 674 3.86 3.22 3.25

0.47 Turkey 10.810.400.000.004.100.52 0.54 0.54 1,853 1,549 1,653 1,653 4.00 3.70 4.10

0.53 Australia -20.83-0.500.000.001.900.30 0.26 0.26 1,972 1,742 1,591 1,591 4.80 2.40 1.90

0.03 Syria 0.000.000.000.000.140.03 0.03 0.03 1,161 1,219 1,219 1,219 0.16 0.14 0.14

0.25 Burma 0.000.000.000.000.700.24 0.24 0.24 634 635 635 635 0.73 0.70 0.70

Europe

0.23 Greece 4.260.060.000.001.470.25 0.26 0.26 1,157 1,253 1,231 1,231 1.22 1.41 1.47

1.68Others 2.310.09-1.57-0.063.771.84 1.89 1.89 420 435 440 434 3.24 3.68 3.83

Note: Yeild for Total Foreign and Others is an incorrect calculation.


(1,000 HA and 1000 480-lb. Bales)

Table 05 Cotton Supply and Distribution MY 2019/20

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 35030826536 Afghanistan 17

0 001211 Albania 1

30 00303500 Algeria 5

10 00152252 Angola 7

15 45006251,6201,050380 Argentina 545

0 000000 Armenia 0

0 1,8000353,7041,900260 Australia 1,869

15 00151800 Austria 3

0 2750120500400135 Azerbaijan 105

40 00404800 Bahrain 8

7,300 0107,4009,21513544 Bangladesh 1,805

40 00404400 Belarus 4

30 100203600 Belgium-Luxembour 6

0 1,3750151,7531,450675 Benin 363

2 00101584 Bolivia 5

75 8,00003,60023,88212,0001,550 Brazil 12,282

25 003543102 Bulgaria 8

0 1,0500251,3501,200725 Burkina 275

75 50775994700240 Burma 214

1 001200 Cambodia 1

0 550020734565250 Cameroon 164

2 002200 Canada 0

0 3200443232 Central African Republic 12

0 175010261200220 Chad 76

0 000000 Chile 0

10,500 125040,50073,61927,7503,450 China 32,994

105 501702067015 Colombia 31

2 0017211530 Congo (Kinshasa) 4

42 00455711 Costa Rica 12

0 8000251,130830410 Cote d'Ivoire 305

0 000000 Croatia 0

10 00141644 Cuba 2

0 000000 Cyprus 0

7 007900 Czech Republic 2

0 000000 Denmark 0


(1,000 HA and 1000 480-lb. Bales)

Table 05 Cotton Supply and Distribution MY 2019/20 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

1 004534 Dominican Republic 1

60 00708693 Ecuador 16

525 200106501,059350100 Egypt 199

180 0018022411 El Salvador 44

10 00101200 Estonia 2

40 10029536025080 Ethiopia 55

40 50354800 France 8

110 2009013400 Germany 24

0 20010392816 Ghana 9

25 1,37525901,5591,470260 Greece 69

135 0013516432 Guatemala 29

0 1400171412 Guinea 3

5 00101157 Haiti 1

26 00303542 Honduras 5

0 000000 Hong Kong 0

3 300300 Hungary 0

1,400 4,400025,50038,82529,00012,600 India 8,925

3,300 503,2003,81633 Indonesia 611

300 0057572027580 Iran 145

35 0050731510 Iraq 23

0 000000 Ireland 0

2 400456435 Israel 12

170 5016519200 Italy 22

215 0021524900 Japan 34

0 275065473345117 Kazakhstan 133

15 0040582530 Kenya 18

95 001502055519 Korea, North 55

775 5077593200 Korea, South 152

0 1100013011018 Kyrgyzstan 20

7 106900 Latvia 2

5 005600 Lebanon 1

90 009011500 Lesotho 25

0 000000 Lithuania 0

5 005600 Macedonia 1

0 10020453020 Madagascar 15


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 60051699080 Malawi 104

675 30003751,04000 Malaysia 365

0 1,3500251,9361,425740 Mali 561

120 0012014100 Mauritius 21

850 550252,0003,3201,750240 Mexico 745

70 00658200 Moldova 17

45 00505911 Morocco 9

0 11005200115125 Mozambique 85

15 00151700 Netherlands 2

0 90112104 Nicaragua 2

0 6031495 Niger 5

10 300200314235270 Nigeria 84

3,000 1502510,70013,7308,0002,500 Pakistan 2,855

0 000000 Panama 0

8 15012372111 Paraguay 10

250 503254138017 Peru 83

65 00658121 Philippines 16

12 00121500 Poland 3

180 0018021800 Portugal 38

1 001200 Romania 1

170 0017020600 Russia 36

0 3500403523 Senegal 5

8 0081000 Serbia 2

5 500700 Singapore 2

2 002300 Slovakia 1

6 006800 Slovenia 2

3 001011712 Somalia 1

30 115011045021545 South Africa 225

15 27504038030065 Spain 65

8 00131755 Sri Lanka 4

0 450075764600200 Sudan 239

0 000000 Sweden 0

2 002300 Switzerland 1

0 5006516414025 Syria 49

650 0065079700 Taiwan 147


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 3750100736450180 Tajikistan 261

0 2000175700400500 Tanzania 325

1,175 0251,1501,38021 Thailand 205

0 240015342265185 Togo 87

20 003035102 Tunisia 5

3,000 37506,7008,6774,100540 Turkey 1,602

0 45008001,8041,200545 Turkmenistan 554

0 11001522512575 Uganda 100

5 005600 Ukraine 1

2 002300 United Kingdom 1

5 17,0002053,10027,00522,0005,059 United States 6,700

0 000000 Uruguay 0

0 30003,0004,5983,2501,050 Uzbekistan 1,298

15 00901208515 Venezuela 30

7,800 007,6008,94131 Vietnam 1,341

0 3025342818 Yemen 6

0 22505428210130 Zambia 198

0 1751030349190200 Zimbabwe 134

World

44,122 44,153335124,268249,173125,78734,725 World 80,417


(1000 MT and 1000 HA)

Table 05A Cotton Supply and Distribution MY 2019/20

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 807181436 Afghanistan 4

0 000001 Albania 0

7 007800 Algeria 1

2 003512 Angola 2

3 980136353229380 Argentina 119

0 000000 Armenia 0

0 39208806414260 Australia 407

3 003400 Austria 1

0 6002610987135 Azerbaijan 23

9 0091000 Bahrain 2

1,589 021,6112,0062944 Bangladesh 393

9 0091000 Belarus 1


0 29903382316675 Benin 79

0 002324 Bolivia 1

16 1,74207845,2002,6131,550 Brazil 2,674

5 008922 Bulgaria 2

0 22905294261725 Burkina 60

16 10169216152240 Burma 47

0 000000 Cambodia 0

0 12004160123250 Cameroon 36

0 000000 Canada 0


0 38025744220 Chad 17

0 000000 Chile 0

2,286 2708,81816,0296,0423,450 China 7,184

23 1037451515 Colombia 7


9 00101201 Costa Rica 3

0 17405246181410 Cote d'Ivoire 66

0 000000 Croatia 0

2 003314 Cuba 0

0 000000 Cyprus 0


0 000000 Denmark 0


(1000 MT and 1000 HA)

Table 05A Cotton Supply and Distribution MY 2019/20 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country


13 00151923 Ecuador 3

114 44214223176100 Egypt 43

39 00394901 El Salvador 10

2 002300 Estonia 0

9 2064785480 Ethiopia 12

9 1081000 France 2

24 40202900 Germany 5

0 4028616 Ghana 2

5 299520339320260 Greece 15

29 00293612 Guatemala 6

0 3004312 Guinea 1

1 002217 Haiti 0

6 007812 Honduras 1


1 100100 Hungary 0

305 95805,5528,4536,31412,600 India 1,943

718 1069783113 Indonesia 133

65 001251576080 Iran 32

8 001116310 Iraq 5

0 000000 Ireland 0

0 9011295 Israel 3

37 10364200 Italy 5

47 00475400 Japan 7

0 6001410375117 Kazakhstan 29

3 00913530 Kenya 4

21 0033451219 Korea, North 12

169 1016920300 Korea, South 33

0 2400282418 Kyrgyzstan 4

2 001200 Latvia 0

1 001100 Lebanon 0

20 00202500 Lesotho 5



0 20410720 Madagascar 3


(1000 MT and 1000 HA)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 1301372080 Malawi 23

147 6508222600 Malaysia 79

0 29405422310740 Mali 122

26 00263100 Mauritius 5

185 1205435723381240 Mexico 162

15 00141800 Moldova 4

10 00111301 Morocco 2

0 24014425125 Mozambique 19



0 101325 Niger 1

2 70446851270 Nigeria 18

653 3352,3302,9891,7422,500 Pakistan 622

0 000000 Panama 0

2 3038511 Paraguay 2

54 1071901717 Peru 18


3 003300 Poland 1

39 00394700 Portugal 8

0 000000 Romania 0

37 00374500 Russia 8

0 8009823 Senegal 1

2 002200 Serbia 0


0 000100 Slovakia 0

1 001200 Slovenia 0

1 0022212 Somalia 0

7 25024984745 South Africa 49

3 6009836565 Spain 14

2 003415 Sri Lanka 1

0 98016166131200 Sudan 52

0 000000 Sweden 0


0 11014363025 Syria 11

142 0014217400 Taiwan 32


(1000 MT and 1000 HA)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 8202216098180 Tajikistan 57

0 4403815287500 Tanzania 71

256 0525030001 Thailand 45

0 52037458185 Togo 19

4 007822 Tunisia 1

653 8201,4591,889893540 Turkey 349

0 980174393261545 Turkmenistan 121

0 2403492775 Uganda 22

1 001100 Ukraine 0


1 3,701456755,8804,7905,059 United States 1,459

0 000000 Uruguay 0

0 6506531,0017081,050 Uzbekistan 283

3 0020261915 Venezuela 7

1,698 001,6551,94711 Vietnam 292

0 1057618 Yemen 1

0 49019346130 Zambia 43

0 38277641200 Zimbabwe 29

World

9,607 9,6137327,05654,25227,38734,725 World 17,509


(1,000 HA and 1000 480-lb. Bales)

Table 06: Cotton Supply and Distribution by Country 2018/19

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 35030826536 Afghanistan 17

0 001211 Albania 1

30 00303500 Algeria 5

10 00152252 Angola 7

15 47506251,6551,120380 Argentina 555

0 000000 Armenia 0

0 3,6000355,4392,400300 Australia 1,804

15 00151800 Austria 3

0 2500120470390130 Azerbaijan 100

40 00404800 Bahrain 8

6,900 0107,1008,89013544 Bangladesh 1,780

40 00404400 Belarus 4


0 1,3250151,6431,400650 Benin 303

2 00101584 Bolivia 5

50 6,20003,50021,50712,8001,595 Brazil 11,807

28 003846102 Bulgaria 8

0 1,0000251,175920640 Burkina 150

75 50775999700240 Burma 219

1 001200 Cambodia 1

0 550020739600250 Cameroon 169

2 002200 Canada 0


0 1000101714060 Chad 61

0 000000 Chile 0

9,250 150039,50075,01927,7503,500 China 35,369

110 551602016010 Colombia 31


45 00455911 Costa Rica 14

0 8250251,150875392 Cote d'Ivoire 300

0 000000 Croatia 0

10 00141644 Cuba 2

0 000000 Cyprus 0


0 000000 Denmark 0


(1,000 HA and 1000 480-lb. Bales)

Table 06: Cotton Supply and Distribution by Country 2018/19 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country


60 00708793 Ecuador 17

450 350106001,144500141 Egypt 184

175 0017021311 El Salvador 43

10 00101200 Estonia 2

30 8027535324377 Ethiopia 70

40 30405100 France 8

120 20010014400 Germany 24

0 15010362816 Ghana 11

25 1,35025901,5291,410245 Greece 64

130 0013516132 Guatemala 26

0 1400171412 Guinea 3

5 00101157 Haiti 1

25 00293442 Honduras 5


3 300300 Hungary 0

1,500 3,800025,00037,22526,50012,600 India 8,425

3,000 503,1003,61833 Indonesia 513

300 0057572027580 Iran 145

35 0050731510 Iraq 23

0 000000 Ireland 0

2 450460425 Israel 11

170 5016519200 Italy 22

225 0023026400 Japan 34

0 275065468330128 Kazakhstan 128

15 0040582530 Kenya 18

95 001502055519 Korea, North 55

800 5082598700 Korea, South 157

0 1000012010518 Kyrgyzstan 20

7 106900 Latvia 2

5 005600 Lebanon 1

85 008511000 Lesotho 25



0 10020453020 Madagascar 15


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 50051349070 Malawi 79

650 40003501,11500 Malaysia 365

0 1,3000251,8361,260720 Mali 511

120 0012014100 Mauritius 21

850 500251,9503,1951,690238 Mexico 720

60 00607200 Moldova 12

45 00455811 Morocco 13

0 11005200130125 Mozambique 85



0 6031495 Niger 5

10 300200299235270 Nigeria 69

2,900 752510,60013,4307,7002,400 Pakistan 2,730

0 000000 Panama 0

5 13012332111 Paraguay 8

240 503154038017 Peru 83


12 00121500 Poland 3

180 3018022100 Portugal 38

1 001200 Romania 1

170 0017521100 Russia 36

0 2502322921 Senegal 5

8 0081000 Serbia 2


2 001200 Slovakia 1

6 006800 Slovenia 2

3 001011712 Somalia 1

35 110010542022844 South Africa 205

10 26004036530065 Spain 65

8 00131755 Sri Lanka 4

0 400075639500180 Sudan 164

0 000000 Sweden 0


0 9006517914025 Syria 24

635 0064078700 Taiwan 147


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 375085746450180 Tajikistan 286

0 2000175675425500 Tanzania 300

1,150 0251,1251,35321 Thailand 203

0 210015302240185 Togo 77

20 003035102 Tunisia 5

3,200 50006,6008,6773,700520 Turkey 1,577

0 20007501,554910545 Turkmenistan 604

0 11001522512075 Uganda 100

5 005600 Ukraine 1


5 14,5001723,00022,67218,3674,130 United States 5,000

0 000000 Uruguay 0

0 60002,8004,7483,2151,100 Uzbekistan 1,348

12 001001208515 Venezuela 20

7,000 007,1008,23831 Vietnam 1,138

0 2025332818 Yemen 6

0 22505448200125 Zambia 218

0 1751030374200200 Zimbabwe 159

World

41,413 41,059307121,072241,702119,32333,537 World 79,264


(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2018/19

Area

Harvested

Ending

Stocks

ExportsLossUseImportsProductio

n

Country

0 48071436 Afghanistan

0 000001 Albania

7 100700 Algeria

2 200312 Angola

3 1211030136244380 Argentina

0 000000 Armenia

0 39378408523300 Australia

3 100300 Austria

0 225402685130 Azerbaijan

9 200900 Bahrain

1,502 388021,5462944 Bangladesh

9 100900 Belarus

7 120400 Belgium-Luxembour

0 6628803305650 Benin

0 100224 Bolivia

11 2,5711,35007622,7871,595 Brazil

6 200822 Bulgaria

0 3321805200640 Burkina

16 4810169152240 Burma

0 000000 Cambodia

0 3712004131250 Cameroon

0 000000 Canada

0 3700732 Central African Republic

0 132202960 Chad

0 000000 Chile

2,014 7,7013308,6006,0423,500 China

24 711351310 Colombia

0 1004330 Congo (Kinshasa)

10 3001001 Costa Rica

0 6518005191392 Cote d'Ivoire

0 000000 Croatia

2 000314 Cuba

0 000000 Cyprus

2 000200 Czech Republic

0 000000 Denmark


(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2018/19 (Continued)

Area

Harvested

Ending

Stocks


n

Country

0 000114 Dominican Republic

13 4001523 Ecuador

98 40762131109141 Egypt

38 9003701 El Salvador

2 000200 Estonia

7 1520605377 Ethiopia

9 210900 France

26 5402200 Germany

0 2302616 Ghana

5 14294520307245 Greece

28 6002912 Guatemala

0 1300312 Guinea

1 000217 Haiti

5 100612 Honduras

0 000000 Hong Kong

1 010000 Hungary

327 1,83482705,4435,77012,600 India

653 1121067513 Indonesia

65 32001256080 Iran

8 50011310 Iraq

0 000000 Ireland

0 2100195 Israel

37 5103600 Italy

49 7005000 Japan

0 286001472128 Kazakhstan

3 4009530 Kenya

21 1200331219 Korea, North

174 341018000 Korea, South

0 422002318 Kyrgyzstan

2 000100 Latvia

1 000100 Lebanon

19 5001900 Lesotho

0 000000 Lithuania

1 000100 Macedonia

0 3204720 Madagascar


(1,000 Metric Tons)


Area

Harvested

Ending

Stocks


n

Country

0 1711012070 Malawi

142 798707600 Malaysia

0 11128305274720 Mali

26 5002600 Mauritius

185 1571095425368238 Mexico

13 3001300 Moldova

10 3001001 Morocco

0 19240128125 Mozambique

3 000300 Netherlands

0 020024 Nicaragua

0 110125 Niger

2 15704451270 Nigeria

631 5941652,3081,6762,400 Pakistan

0 000000 Panama

1 2303511 Paraguay

52 1810691717 Peru

14 3001401 Philippines

3 100300 Poland

39 8103900 Portugal

0 000000 Romania

37 8003800 Russia

0 1500621 Senegal

2 000200 Serbia

1 010000 Singapore

0 000000 Slovakia

1 000100 Slovenia

1 0002212 Somalia

8 45240235044 South Africa

2 1457096565 Spain

2 100315 Sri Lanka

0 3687016109180 Sudan

0 000000 Sweden

0 000000 Switzerland

0 5200143025 Syria

138 320013900 Taiwan


(1,000 Metric Tons)


Area

Harvested

Ending

Stocks


n

Country

0 628201998180 Tajikistan

0 654403893500 Tanzania

250 440524501 Thailand

0 17460352185 Togo

4 100722 Tunisia

697 34310901,437806520 Turkey

0 132440163198545 Turkmenistan

0 2224032675 Uganda

1 000100 Ukraine

0 000000 United Kingdom

1 1,0893,157376533,9994,130 United States

0 000000 Uruguay

0 29313106107001,100 Uzbekistan

3 400221915 Venezuela

1,524 248001,54611 Vietnam

0 1005618 Yemen

0 47490144125 Zambia

0 35382744200 Zimbabwe

World

9,017 17,2588,9406726,36125,98033,537 World


Table 09: World Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Beginning

Stocks

Area

Harvested

Production Imports Total

Supply

Exports Use Loss Total Dom.

Cons.

Ending

Stocks

Stock to

Use %

World

3631,05785,88064285,23833,481150,41833,58284,22233,83132,614 1988/89

2924,98487,13923486,90531,357143,48032,70379,72031,69631,057 1989/90

3227,47385,69417085,52429,560142,72730,57887,16533,15324,984 1990/91

4336,97186,55636886,18828,204151,73129,02495,23434,75827,473 1991/92

4034,51086,4006386,33725,435146,34527,06782,30732,64336,971 1992/93

3327,83385,70314385,56026,620140,15627,96777,67930,71834,510 1993/94

3832,02084,292-33084,62228,118144,43030,30086,29732,25027,833 1994/95

4740,13585,396-54485,94027,396152,92727,00493,90335,92032,020 1995/96

5144,63987,351-58587,93626,777158,76728,57990,05333,74040,135 1996/97

5749,47386,686-58187,26726,777162,93625,92992,36833,79744,639 1997/98

6252,85883,651-1,11484,76523,517160,02624,48086,07332,88549,473 1998/99

5651,14490,490-60291,09227,126168,76027,99387,90932,35052,858 1999/00

5449,56290,724-1,42492,14826,156166,44226,20989,08932,01151,144 2000/01

5854,68093,601-78194,38229,081177,36229,29798,50333,71749,562 2001/02

4947,88297,608-80498,41230,400175,89030,18891,02230,77954,680 2002/03

4948,37697,179-90998,08833,152178,70734,15096,67532,25847,882 2003/04

5660,977107,960-1,245109,20534,949203,88633,965121,54535,75948,376 2004/05

5361,906115,178-1,793116,97144,922222,00644,668116,36134,49460,977 2005/06

5162,987122,493-1,715124,20837,416222,89638,305122,68534,70561,906 2006/07

5061,878121,743-2,094123,83738,868222,48939,453120,04932,87862,987 2007/08

5661,453108,860-1,436110,29630,207200,52030,573108,06930,62261,878 2008/09

3946,179119,482-12119,49435,804201,46536,928103,08430,18761,453 2009/10

4349,288115,611119115,49234,875199,77436,297117,29833,82646,179 2010/11

6972,055103,906-210104,11645,994221,95545,423127,24436,05649,288 2011/12

8389,336107,900-343108,24346,350243,58647,630123,90134,31672,055 2012/13

9199,904109,99892109,90640,997250,89941,204120,35932,85589,336 2013/14

95106,739112,499268112,23135,948255,18636,065119,21733,86599,904 2014/15

8090,188113,501264113,23734,656238,34535,44496,16230,752106,739 2015/16

6980,309116,388206116,18237,866234,56337,696106,67929,81390,188 2016/17

6680,966123,128449122,67941,018245,11241,019123,78433,72780,309 2017/18

6579,264121,379307121,07241,059241,70241,413119,32333,53780,966 2018/19

6580,417124,603335124,26844,153249,17344,122125,78734,72579,264 2019/20


Table 10: United States Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Area

Harvested

Yield Beginning

Stocks


Supply

Exports Use Loss Ending

Stocks

Stock to

Use %

United States

517,0921657,7826,14821,187515,4115,7716944,835 1988/89

183,000-1638,7597,69419,290212,1967,0926883,860 1989/90

142,344-2858,6577,79318,509415,5053,0007114,748 1990/91

233,70489,6136,64619,9711317,6142,3447315,245 1991/92

304,662-19010,2505,20119,923116,2183,7047854,501 1992/93

203,530-810,4186,86220,802616,1344,6626795,173 1993/94

132,650-3811,1989,40223,2122019,6623,5307945,391 1994/95

142,6092710,6477,67520,95840817,9002,6506026,478 1995/96

223,971-811,1266,86521,95440318,9422,6097915,216 1996/97

213,8874111,3497,50022,7771318,7933,9717545,425 1997/98

273,939-39410,4014,29818,24443913,9183,8877014,324 1998/99

233,91514510,1946,75021,0049716,9683,9396805,433 1999/00

386,000-4838,8626,74021,1191617,1883,9157085,282 2000/01

407,4481807,69611,00026,3242120,3036,0007905,596 2001/02

285,3851667,27311,90024,7246717,2097,4487465,025 2002/03

173,4502116,26613,75823,6854518,2555,3858184,858 2003/04

265,4951086,69114,43626,7302923,2513,4509585,284 2004/05

266,069-2005,87117,67329,4132823,8905,4959315,586 2005/06

539,4793034,93512,95927,6761921,5886,0699125,152 2006/07

5510,0514294,58413,63428,6981219,2079,4799854,245 2007/08

386,337-2633,54113,26122,876012,82510,0519123,063 2008/09

192,947-143,55012,03718,520012,1836,3378703,049 2009/10

142,6001823,90014,37621,058918,1022,9479104,330 2010/11

223,350-1723,30011,71418,1921915,5732,6008863,829 2011/12

233,8003483,50013,02620,6741017,3143,3509993,772 2012/13

172,3502923,55010,53016,7221312,9093,8009213,051 2013/14

253,6502103,57511,24618,6811216,3192,3509393,785 2014/15

303,8001683,4509,15316,5713312,8883,6508593,268 2015/16

152,750603,25014,91720,977717,1703,8009723,848 2016/17

234,3003043,22515,84723,676320,9232,7501,0144,492 2017/18

295,0001723,00014,50022,672518,3674,3009684,130 2018/19

336,7002053,10017,00027,005522,0005,0009475,059 2019/20


Table 11: Foreign Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Area

Harvested

Yield Beginning

Stocks


Supply

Exports Use Loss Ending

Stocks

Total Foreign

23,96547777,45627,333129,23133,57768,81126,84351728,996 1988/89

21,98439778,14623,663124,19032,70167,52423,96552827,836 1989/90

25,12945576,86721,767124,21830,57471,66021,98454928,405 1990/91

33,26736076,57521,558131,76029,01177,62025,12957329,513 1991/92

29,84825376,08720,234126,42227,06666,08933,26751128,142 1992/93

24,30315175,14219,758119,35427,96161,54529,84852525,545 1993/94

29,370-29273,42418,716121,21830,28066,63524,30354026,859 1994/95

37,526-57175,29319,721131,96926,59676,00329,37056229,442 1995/96

40,668-57776,81019,912136,81328,17671,11137,52654328,524 1996/97

45,586-62275,91819,277140,15925,91673,57540,66856528,372 1997/98

48,919-72074,36419,219141,78224,04172,15545,58655028,561 1998/99

47,229-74780,89820,376147,75627,89670,94148,91957426,917 1999/00

43,562-94183,28619,416145,32326,19371,90147,22958626,729 2000/01

47,232-96186,68618,081151,03829,27678,20043,56260528,121 2001/02

42,497-97091,13918,500151,16630,12173,81347,23262425,754 2002/03

44,926-1,12091,82219,394155,02234,10578,42042,49762327,400 2003/04

55,482-1,353102,51420,513177,15633,93698,29444,92670230,475 2004/05

55,837-1,593111,10027,249192,59344,64092,47155,48269628,908 2005/06

53,508-2,018119,27324,457195,22038,286101,09755,83774529,553 2006/07

51,827-2,523119,25325,234193,79139,441100,84253,50876728,633 2007/08

55,116-1,173106,75516,946177,64430,57395,24451,82775227,559 2008/09

43,2322115,94423,767182,94536,92890,90155,11672927,138 2009/10

46,688-63111,59220,499178,71636,28899,19643,23273229,496 2010/11

68,705-38100,81634,280203,76345,404111,67146,68875432,227 2011/12

85,536-691104,74333,324222,91247,620106,58768,70576030,544 2012/13

97,554-200106,35630,467234,17741,191107,45085,53678529,804 2013/14

103,08958108,65624,702236,50536,053102,89897,55474530,080 2014/15

86,38896109,78725,503221,77435,41183,274103,08966027,484 2015/16

77,559146112,93222,949213,58637,68989,50986,38875125,965 2016/17

76,666145119,45425,171221,43641,016102,86177,55976629,235 2017/18

74,264135118,07226,559219,03041,408100,95676,66674729,407 2018/19

73,717130121,16827,153222,16844,117103,78774,26476229,666 2019/20


cotton - cornell university · export data brazil 400 6,200 5,800 higher-than-expected export data...

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