department of agriculture cotton: world markets and trade · major exporters: previous current...

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World Stocks Remain High, Not Just in China Between 1960/61 and 2010/11, the world stocks-to-use ratio stayed between 30 and 60 percent. However, since 2011/12 the stocks-to-use ratio has not dipped below 65 percent and has been above 90 percent four times including the last 2 years. A major cause of the dramatic increase in global stocks is easily identified: China’s massive build-up in reserve stocks from 2011/12 to 2013/14. In 3 years, China added over 50 million bales to its State Reserve (SR) stocks. This explains the rapid rise in world stocks-to-use to 95 percent in 2014/15. China began to build such a huge reserve after the price shock in 2010 when the A-Index reached $1.75 per pound. Internal prices in China also surged dramatically, despite the SR’s release of over 10 million bales that year.

Somewhat surprisingly, stocks outside of China remained stable during China’s multi-year stock build up despite China needing massive imports to support both the build-up in SR stocks and domestic mill use. With SR stocks effectively off the global market, prices remained strong and supported production outside of China.

China began reducing the level of the State Reserve in 2014/15 and continued until 2018/19. The reduction in import demand for the SR helped lower world prices which led to lowered production in 2015/16 and helped keep stocks outside of China from rising.

China is believed to have recently reached its preferred reserve stock level in 2019/20 (see more info in October 2019’s publication titled “China’s State Reserve Stocks Forecast at 8-Year Low”), and global stocks initially looked to behave like another year with little year-to-

year changes. In China, limited SR activity was projected. World stocks-to-use ratio was in the mid-sixties, the upper bound of the long-term range, and little change was expected in 2019/20.

However, 2019/20 production remained relatively high as the Minimum Support Price (MSP) in India helped push its production to near-record levels and has resulted in the government acquiring significant levels of stocks. Moreover, Brazil registered its third consecutive record crop, as most production has shifted

United States Department of Agriculture Foreign Agricultural Service August 2020

Cotton: World Markets and Trade

-

20

40

60

80

Mill

ion

Bale

s

China Stocks

State Reserve Free Stocks

https://public.govdelivery.com/accounts/USDAFAS/subscriber/new

https://downloads.usda.library.cornell.edu/usda-esmis/files/kp78gg36g/4f16cg46c/w3763m70k/cotton.pdf

https://downloads.usda.library.cornell.edu/usda-esmis/files/kp78gg36g/4f16cg46c/w3763m70k/cotton.pdf

to second-crop cotton, which has a lower cost of production.

The USDA Outlook in February of 2020 projected that 2020/21 would be similar to 19/20, with modest consumption growth and a modest decline in world stocks. Then COVID-19 spurred record downward adjustments to global cotton demand (see more info in April 2020’s publication titled “COVID-19 Spurs Record Downward Adjustments to Global Demand”). Current USDA estimates show global consumption in 2019/20 and 2020/21 together down just under 25 million bales (with 2020/21 down 15 percent) from the February Outlook projections. The 2020/21 world production forecast is virtually unchanged, and COVID-19’s negative impact on cotton demand was too late in the season to shift planting decisions away from cotton for most major producing countries This has pushed the stocks-to-use ratio back up into the 90 percent range.

Looking ahead, with government support programs in in the two largest producing countries, China and India, shielding producers somewhat from price volatility, lower prices will have limited impact on global production. Given that the massive drop in demand in recent months was not price based but due to the impacts of COVID-19, lower cotton prices alone will have little impact on demand. Before global stocks can be drawn down to more traditional levels, end-use demand will have to recover from the current COVID-19-reduced levels.

Foreign Agricultural Service/USDA 2 August 2020Global Market Analysis

https://downloads.usda.library.cornell.edu/usda-esmis/files/kp78gg36g/34850214n/w9505k169/cotton.pdf

https://downloads.usda.library.cornell.edu/usda-esmis/files/kp78gg36g/34850214n/w9505k169/cotton.pdf

Overview:

2020/21 For 2020/21, the August forecast shows higher production and ending stocks with lower beginning stocks and use. Production is raised in India, the United States, and Australia, partially offset by a decline in Mali. Consumption is lowered 1.2 million bales, with declines in India, China, Pakistan, Brazil, and Indonesia offsetting gains for Bangladesh and Turkey and global trade is slightly lower. The U.S. forecast shows higher production, beginning and ending stocks; the U.S. season-average farm price is unchanged at 59 cents per pound. For current prices received by farmers click here; NASS farm price

2019/20

For 2019/20, the July estimate shows slightly lower beginning and ending stocks with higher trade. The U.S. estimate shows higher exports and ending stocks with lower consumption; the season-average farm price is raised a half-a-cent to 59.5 cents per pound. Prices

Both the A-index and U.S. spot price have continued to rise slowly and are now above the season averages. Crop conditions, especially in the largest producing state, Texas, remain a concern. According to USDA’s weekly Crop Progress report 75 percent of the Texas crop is in “Fair” or poorer conditions as of August 2nd, compared to 54 percent last year.

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


https://usda.library.cornell.edu/concern/publications/c821gj76b?locale=en

https://usda.library.cornell.edu/concern/publications/8336h188j

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

2020/21 TRADE OUTLOOK

Major Importers:

Previous Current Change Reason

WORLD 41,842 41,575 -267

Pakistan 3,900 3,500 -400 Lower expected demand growth year-over-year and slow recovery from COVID-19

Bangladesh 7,100 7,300 200 Stronger recovery from COVID-19

Indonesia 3,050 2,900 -150 Lower expected demand growth year-over-year and slow recovery from COVID-19

Turkey 4,100 4,200 100 Stronger recovery from COVID-19

Malaysia 750 850 100 Increased transshipments

India 1,100 1,000 -100 Larger crop

Major Exporters:


WORLD 41,805 41,585 -220

India 4,500 4,900 400 Larger crop

Mali 1,300 1,000 -300 Reduced crop

Greece 1,475 1,350 -125 Lower crop

Malaysia 400 300 -100 Increased transshipments

1,000 Bales (480-lb)

2019/20 TRADE OUTLOOK

Major Importers:


WORLD 39,995 40,108 113

Bangladesh 6,700 7,000 300 Stronger-than-expected import demand despite COVID-19 effects

Turkey 4,300 4,600 300 Trade data supporting stronger-than-expected demand

China 7,250 7,000 -250 Trade data

Pakistan 3,600 3,800 200 Trade data supporting stronger-than-expected demand

Indonesia 2,850 2,700 -150 Trade data

Malaysia 1,000 850 -150 Trade data

India 2,400 2,300 -100 Trade data


Major Exporters:


WORLD 39,983 40,279 296

United States 1 15,200 15,400 200 Trade data

Brazil 8,750 8,937 187 Final data

Burkina 825 700 -125 Lower crop and anemic global demand

Australia 1,250 1,375 125 Trade data

India 3,000 2,900 -100 Trade data

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:

1 U.S. export estimates will be the average of Export Sales and U.S. Census


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/

Questions may be directed to:

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

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


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

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

Argentina

00000000-10 2019/20

Australia

-1250001250000 2019/20

7500000200-12580 2020/21

Bangladesh

0-2000-2000-200000 2018/19

030003000300000 2019/20

-10030003000200000 2020/21

Belarus

0-50-50-5000 2019/20

Benin

-90000900000 2018/19

-11500000-25-90-10 2019/20

-14000000-25-115-10 2020/21

Brazil

213-2000-200187020000 2019/20

313-1000-1000002130 2020/21

Burkina

5000-1250-12005 2019/20

30000-750-5050 2020/21

China

-2500000-250000 2019/20

250-5000-500000-2500 2020/21

Colombia

4000510-100 2019/20

-4-50-5010-234-5 2020/21

Cote d'Ivoire

50000-500000 2020/21

El Salvador

050505000 2019/20

Greece

-25000250000 2019/20

-75000-1250-175-25-5 2020/21


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

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


Harvested

Beginning

Stocks


Cons.

Ending

Stocks

Guatemala

-15-50-50-20000 2019/20

-15000000-150 2020/21

India

0000-100-100000 2019/20

1,200-5000-500400-1001,2000700 2020/21

Indonesia

-50-1000-1000-150000 2019/20

-100-1000-1000-1500-500 2020/21

Italy

-15-50-50-20000 2019/20

-10000050-150 2020/21

Kazakhstan

-25000250000 2018/19

-500002500-250 2019/20

-50000000-500 2020/21

Malaysia

-75000-75-150000 2019/20

150-250-25-1001000-750 2020/21

Mali

-100000-3000-4000-220 2020/21

Pakistan

020002000200000 2019/20

-75-3000-300-25-400000 2020/21

Peru

-24-200-200-20-240-5 2019/20

-19-100-10020-25-24-5 2020/21

Portugal

-4-100-104-10000 2019/20

-8000400-40 2020/21

South Africa

200000200 2019/20

200000020 2020/21

Tajikistan


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

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


Harvested

Beginning

Stocks


Cons.

Ending

Stocks

-25000250000 2019/20

-750005000-250 2020/21

Thailand

50-250-25025000 2019/20

-10001-500500 2020/21

Togo

-35000350000 2016/17

5000-4000-350 2017/18

-60000650050 2018/19

-60000000-600 2019/20

-60000000-600 2020/21

Turkey

10020002000300000 2019/20

1001000100010001000 2020/21

United States

100-302-2-300200-2000 2019/20

800-122-22-1000-2580100-404 2020/21

World

World

-35000350000 2016/17

5000-4000-350 2017/18

-175-2000-200180-200050 2018/19

-35933-23529611332-175-20 2019/20

2,138-1,262-22-1,240-220-2671,282-359131 2020/21


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

(1000 MT)

2016/17 2017/18 2018/19 2019/20

Jul

2020/21

Aug

2020/21

Production none

5,879 India 6,314 5,617 6,641 6,205 6,466

4,953 China 5,987 6,042 5,933 5,770 5,770

3,738 United States 4,555 3,999 4,336 3,810 3,936

1,528 Brazil 2,007 2,830 2,918 2,613 2,613

1,676 Pakistan 1,785 1,655 1,350 1,415 1,415

811 Uzbekistan 840 713 762 708 708

697 Turkey 871 816 751 653 653

3,943 Other 4,628 4,161 4,089 4,136 4,028

23,226 Total 26,989 25,834 26,779 25,310 25,589

USE Dom. Consumption none

8,382 China 8,927 8,600 7,185 8,056 7,947

5,302 India 5,258 5,225 4,355 5,008 4,899

2,243 Pakistan 2,373 2,330 2,003 2,243 2,177

1,481 Bangladesh 1,633 1,568 1,415 1,524 1,589

1,426 Turkey 1,622 1,502 1,437 1,502 1,524

1,176 Vietnam 1,437 1,524 1,328 1,481 1,481

697 Brazil 740 740 610 697 675

4,585 Other 4,735 4,677 3,962 4,375 4,323

25,290 Total 26,725 26,166 22,294 24,885 24,615

Imports none

1,096 China 1,243 2,099 1,524 1,960 1,960

1,481 Bangladesh 1,655 1,524 1,524 1,546 1,589

1,197 Vietnam 1,524 1,502 1,415 1,524 1,524

801 Turkey 876 762 1,002 893 914

533 Pakistan 740 621 827 849 762

738 Indonesia 766 664 588 664 631

596 India 365 392 501 239 218

1,763 Other 1,790 1,640 1,352 1,435 1,453

8,205 Total 8,959 9,204 8,733 9,110 9,052

Exports none

3,248 United States 3,545 3,230 3,353 3,266 3,266

607 Brazil 909 1,310 1,946 1,960 1,960

991 India 1,128 764 631 980 1,067

221 Greece 234 295 310 321 294

180 Benin 233 303 261 283 283

812 Australia 852 791 299 218 218

239 Mali 283 294 256 283 218

1,960 Other 1,862 2,027 1,713 1,792 1,749

8,259 Total 9,047 9,014 8,770 9,102 9,054

Ending Stocks none

9,998 China 8,272 7,766 8,000 7,701 7,755

1,716 India 2,009 2,028 4,183 4,641 4,902

1,509 Brazil 1,885 2,668 3,032 2,947 3,015

599 United States 914 1,056 1,568 1,481 1,655

504 Pakistan 616 543 701 696 679

333 Turkey 387 358 592 543 565

355 Bangladesh 404 388 526 577 555

2,455 Other 3,132 2,660 3,292 3,791 3,715

17,468 Total 17,619 17,468 21,894 22,376 22,842


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

(1000 Bales)

2016/17 2017/18 2018/19 2019/20

Jul

2020/21

Aug

2020/21

Production none

7,020 Brazil 9,220 13,000 13,400 12,000 12,000

22,750 China 27,500 27,750 27,250 26,500 26,500

27,000 India 29,000 25,800 30,500 28,500 29,700

7,700 Pakistan 8,200 7,600 6,200 6,500 6,500

3,200 Turkey 4,000 3,750 3,450 3,000 3,000

17,170 United States 20,923 18,367 19,913 17,500 18,080

3,725 Uzbekistan 3,860 3,275 3,500 3,250 3,250

18,112 Other 21,256 19,112 18,780 18,998 18,500

106,677 Total 123,959 118,654 122,993 116,248 117,530

USE Dom. Consumption none

6,800 Bangladesh 7,500 7,200 6,500 7,000 7,300

3,200 Brazil 3,400 3,400 2,800 3,200 3,100

38,500 China 41,000 39,500 33,000 37,000 36,500

24,350 India 24,150 24,000 20,000 23,000 22,500

3,300 Indonesia 3,500 3,150 2,600 3,000 2,900

10,300 Pakistan 10,900 10,700 9,200 10,300 10,000

6,550 Turkey 7,450 6,900 6,600 6,900 7,000

3,250 United States 3,225 2,975 2,200 2,800 2,700

2,000 Uzbekistan 2,500 2,800 3,000 3,100 3,100

5,400 Vietnam 6,600 7,000 6,100 6,800 6,800

12,507 Other 12,523 12,554 10,396 11,194 11,154

116,157 Total 122,748 120,179 102,396 114,294 113,054

Imports none

6,800 Bangladesh 7,600 7,000 7,000 7,100 7,300

5,032 China 5,710 9,640 7,000 9,000 9,000

2,736 India 1,677 1,800 2,300 1,100 1,000

3,391 Indonesia 3,517 3,051 2,700 3,050 2,900

392 Malaysia 739 744 850 750 850

1,000 Mexico 925 850 550 650 650

2,450 Pakistan 3,400 2,850 3,800 3,900 3,500

1,226 Thailand 1,149 1,075 725 925 875

3,679 Turkey 4,024 3,499 4,600 4,100 4,200

5,500 Vietnam 7,000 6,900 6,500 7,000 7,000

5,481 Other 5,409 4,864 4,083 4,267 4,300

37,687 Total 41,150 42,273 40,108 41,842 41,575

Exports none

3,731 Australia 3,915 3,632 1,375 1,000 1,000

825 Benin 1,070 1,390 1,200 1,300 1,300

2,789 Brazil 4,174 6,018 8,937 9,000 9,000

1,155 Burkina 1,225 800 700 875 800

500 Cameroon 400 575 500 575 575

625 Cote d'Ivoire 620 895 625 950 900

1,017 Greece 1,076 1,355 1,425 1,475 1,350

4,550 India 5,182 3,511 2,900 4,500 4,900

1,100 Mali 1,300 1,350 1,175 1,300 1,000

14,917 United States 16,281 14,837 15,400 15,000 15,000

6,723 Other 6,308 7,038 6,042 5,830 5,760

37,932 Total 41,551 41,401 40,279 41,805 41,585

Ending Stocks none

1,630 Bangladesh 1,855 1,783 2,415 2,650 2,550

6,929 Brazil 8,657 12,256 13,924 13,536 13,849

45,919 China 37,993 35,670 36,745 35,370 35,620

7,880 India 9,225 9,314 19,214 21,314 22,514

2,315 Pakistan 2,830 2,495 3,220 3,195 3,120

1,528 Turkey 1,777 1,644 2,719 2,494 2,594

2,750 United States 4,200 4,850 7,200 6,800 7,600

11,277 Other 14,386 12,215 15,120 17,413 17,063

80,228 Total 80,923 80,227 100,557 102,772 104,910


Table 04 Cotton Area, Yield, and Production

From last month From last year

MBalesPercent

Yield

(Kilograms per hectare)

Aug 2018/19 MBales

Country / Region

Area

(Million hectares)

Production

(Million 480 lb. bales)

Change in Production

2018/19

Prel.

2019/20 Jul Jul

Prel.

2019/20 Aug

Prel.

2019/20 Jul Aug Percent

2020/21 Proj.2020/21 Proj. 2020/21 Proj.

2018/19

33.36World -4.44-5.461.101.28117.5334.98 32.98 33.11 774 766 768 773 118.65 122.99 116.25

4.04United States -9.21-1.833.310.5818.084.70 4.15 3.74 989 922 919 1,052 18.37 19.91 17.50

29.31Total Foreign -3.52-3.630.710.7099.4530.28 28.83 29.36 745 741 746 737 100.29 103.08 98.75

none

Western Hemisphere

1.64 Brazil -10.45-1.400.000.0012.001.67 1.55 1.55 1,726 1,747 1,686 1,686 13.00 13.40 12.00

0.24 Mexico -33.12-0.520.000.001.050.23 0.16 0.16 1,555 1,519 1,429 1,429 1.74 1.57 1.05

0.34 Argentina -7.14-0.100.000.001.300.45 0.43 0.43 728 685 666 666 1.12 1.40 1.30

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 -10.710.00-50.00-0.030.030.01 0.01 0.01 1,169 1,016 1,089 1,089 0.10 0.03 0.05

0.01 Colombia -32.84-0.02-33.82-0.020.050.02 0.02 0.01 1,350 810 987 980 0.06 0.07 0.07

Africa

0.63 Burkina 2.270.02-5.26-0.050.900.58 0.58 0.58 294 330 360 341 0.85 0.88 0.95

0.73 Mali -29.63-0.40-29.63-0.400.950.74 0.74 0.52 381 400 400 402 1.27 1.35 1.35

0.39 Cote d'Ivoire 1.010.010.000.001.000.41 0.41 0.41 520 528 531 531 0.94 0.99 1.00

0.25 Cameroon -0.78-0.010.000.000.640.25 0.25 0.25 523 562 557 557 0.60 0.65 0.64

0.65 Benin 0.000.00-1.72-0.031.430.67 0.68 0.67 469 467 468 467 1.40 1.43 1.45

0.06 Chad 1.540.010.000.000.330.25 0.25 0.25 145 283 287 287 0.04 0.33 0.33

0.18 Togo 18.180.040.000.000.260.19 0.18 0.18 308 259 314 314 0.26 0.22 0.26

0.02 Senegal 20.690.010.000.000.040.02 0.02 0.02 301 395 381 381 0.03 0.03 0.04

0.14 Egypt -29.51-0.090.000.000.220.10 0.07 0.07 757 664 720 720 0.49 0.31 0.22

0.20 Zimbabwe 5.260.010.000.000.200.20 0.21 0.21 218 207 207 207 0.20 0.19 0.20

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

3.50 China -2.75-0.750.000.0026.503.45 3.30 3.30 1,726 1,720 1,748 1,748 27.75 27.25 26.50

12.60 India -2.62-0.804.211.2029.7013.30 12.50 13.20 446 499 496 490 25.80 30.50 28.50

2.30 Pakistan 4.840.300.000.006.502.45 2.40 2.40 719 551 590 590 7.60 6.20 6.50

0.13 Kazakhstan -14.86-0.060.000.000.320.13 0.11 0.11 587 644 623 623 0.35 0.37 0.32

0.18 Tajikistan -14.53-0.090.000.000.500.18 0.16 0.16 502 708 680 680 0.42 0.59 0.50

0.55 Turkmenistan 9.780.090.000.001.010.55 0.60 0.60 364 368 367 367 0.91 0.92 1.01

1.10 Uzbekistan -7.14-0.250.000.003.251.01 0.98 0.98 648 754 726 726 3.28 3.50 3.25

0.52 Turkey -13.04-0.450.000.003.000.57 0.40 0.40 1,570 1,318 1,633 1,633 3.75 3.45 3.00

0.38 Australia 204.001.2811.760.201.900.06 0.18 0.26 1,261 2,268 2,056 1,591 2.20 0.63 1.70

0.03 Syria 0.000.000.000.000.140.03 0.03 0.03 1,219 1,219 1,219 1,219 0.14 0.14 0.14

0.24 Burma 0.830.010.000.000.730.25 0.24 0.24 637 641 662 662 0.70 0.72 0.73

Europe

0.25 Greece -13.43-0.23-10.77-0.181.450.29 0.28 0.27 1,253 1,280 1,287 1,169 1.41 1.68 1.63

1.77Others -5.84-0.240.000.003.822.00 1.85 1.85 448 442 449 449 3.65 4.06 3.82

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 2020/21

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductionCountry

0 500301228545 Afghanistan 42

0 001211 Albania 1

40 00354500 Algeria 10

0 0051053 Angola 5

5 42505252,5711,300425 Argentina 1,621

0 000000 Armenia 0

0 1,0000352,6871,900260 Australia 1,652

15 00151800 Austria 3

0 3500100591480140 Azerbaijan 141

40 00404800 Bahrain 8

7,300 0107,3009,86014545 Bangladesh 2,550

40 00404600 Belarus 6

30 100203600 Belgium-Luxembour 6

0 1,3000151,7781,425665 Benin 463

2 00101484 Bolivia 4

25 9,00003,10025,94912,0001,550 Brazil 13,849

25 003542102 Bulgaria 7

0 8000251,335900575 Burkina 510

50 5007251,057730240 Burma 282

1 001200 Cambodia 1

0 575020909640250 Cameroon 314

2 002200 Canada 0

0 4000564134 Central African Republic 16

0 225010536330250 Chad 301

0 000000 Chile 0

9,000 125036,50072,24526,5003,300 China 35,620

55 001101434510 Colombia 33

2 0017211530 Congo (Kinshasa) 4

40 00405611 Costa Rica 16

0 9000301,6021,000410 Cote d'Ivoire 672

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 2020/21 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


1 004534 Dominican Republic 1

50 00607593 Ecuador 15

550 2001056095921565 Egypt 189

165 0015520011 El Salvador 45

15 00151800 Estonia 3

20 5027535024082 Ethiopia 70

35 00354300 France 8

70 00759100 Germany 16

0 15010372815 Ghana 12

30 1,35025901,7201,450270 Greece 255

135 0013517032 Guatemala 35

0 1800211813 Guinea 3

5 00101157 Haiti 1

35 00404542 Honduras 5

5 500800 Hong Kong 3

3 300300 Hungary 0

1,000 4,900022,50049,91429,70013,200 India 22,514

2,900 502,9003,53333 Indonesia 628

250 0052569527580 Iran 170

35 0050731510 Iraq 23

0 000000 Ireland 0

2 350449354 Israel 10

130 5013015600 Italy 21

220 0022526400 Japan 39

0 250060443315110 Kazakhstan 133

15 0040642826 Kenya 24

95 001402155519 Korea, North 75

550 5055067600 Korea, South 121

0 1050013011518 Kyrgyzstan 25

7 106900 Latvia 2

5 005600 Lebanon 1

80 008511000 Lesotho 25

0 000000 Lithuania 0

5 005600 North Macedonia 1

0 10020453020 Madagascar 15


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


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 80051649080 Malawi 79

850 30003501,62100 Malaysia 971

0 1,0000251,571950515 Mali 546

120 0011514600 Mauritius 31

650 200251,7002,4641,050160 Mexico 539

50 00507200 Moldova 22

30 00303911 Morocco 9

0 10505201115125 Mozambique 91

15 00151700 Netherlands 2

0 90112104 Nicaragua 2

0 6031495 Niger 5

10 600185354235270 Nigeria 109

3,500 752510,00013,2206,5002,400 Pakistan 3,120

0 000000 Panama 0

10 15015382111 Paraguay 8

270 20290351255 Peru 59

65 00658521 Philippines 20

17 00172000 Poland 3

175 4016521200 Portugal 43

1 001200 Romania 1

75 00859900 Russia 14

0 3500393520 Senegal 4

8 0081000 Serbia 2

3 300400 Singapore 1

1 001100 Slovakia 0

8 0081000 Slovenia 2

3 001011712 Somalia 1

50 11009040515030 South Africa 205

10 27502534230065 Spain 42

5 00101255 Sri Lanka 2

0 475070844600200 Sudan 299

0 000000 Sweden 0

2 002300 Switzerland 1

0 7006519414025 Syria 59

425 5042555900 Taiwan 129


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


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 400080896500160 Tajikistan 416

0 2250150805375450 Tanzania 430

875 1258501,03021 Thailand 154

0 235015282260180 Togo 32

20 003035102 Tunisia 5

4,200 32507,0009,9193,000400 Turkey 2,594

0 20008001,7341,010600 Turkmenistan 734

0 150015308170100 Uganda 143

5 005600 Ukraine 1

2 002300 United Kingdom 1

3 15,000-172,70025,28318,0803,742 United States 7,600

0 000000 Uruguay 0

0 10003,1004,6083,250975 Uzbekistan 1,408

15 00951358515 Venezuela 40

7,000 006,8008,59431 Vietnam 1,794

0 3025342818 Yemen 6

0 18005518200120 Zambia 333

0 1751030384200210 Zimbabwe 169

World

41,575 41,585113113,054259,662117,53033,106 World 104,910


(1000 MT and 1000 HA)

Table 05A Cotton Supply and Distribution MY 2020/21

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 1107271945 Afghanistan 9

0 000001 Albania 0

9 0081000 Algeria 2

0 001213 Angola 1

1 930114560283425 Argentina 353

0 000000 Armenia 0

0 21808585414260 Australia 360

3 003400 Austria 1

0 76022129105140 Azerbaijan 31

9 0091000 Bahrain 2

1,589 021,5892,1473245 Bangladesh 555

9 0091000 Belarus 1


0 28303387310665 Benin 101

0 002324 Bolivia 1

5 1,96006755,6502,6131,550 Brazil 3,015

5 008922 Bulgaria 2

0 17405291196575 Burkina 111

11 110158230159240 Burma 61

0 000000 Cambodia 0

0 12504198139250 Cameroon 68

0 000000 Canada 0


0 490211772250 Chad 66

0 000000 Chile 0

1,960 2707,94715,7305,7703,300 China 7,755

12 0024311010 Colombia 7


9 0091201 Costa Rica 3

0 19607349218410 Cote d'Ivoire 146

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 2020/21 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply



11 00131623 Ecuador 3

120 4421222094765 Egypt 41

36 00344401 El Salvador 10

3 003400 Estonia 1

4 1060765282 Ethiopia 15

8 008900 France 2

15 00162000 Germany 3

0 3028615 Ghana 3

7 294520374316270 Greece 56

29 00293712 Guatemala 8

0 4005413 Guinea 1

1 002217 Haiti 0

8 0091012 Honduras 1


1 100100 Hungary 0

218 1,06704,89910,8686,46613,200 India 4,902

631 1063176913 Indonesia 137

54 001141516080 Iran 37

8 001116310 Iraq 5

0 000000 Ireland 0

0 8011184 Israel 2

28 10283400 Italy 5

48 00495700 Japan 8

0 540139669110 Kazakhstan 29

3 00914626 Kenya 5

21 0030471219 Korea, North 16

120 1012014700 Korea, South 26

0 2300282518 Kyrgyzstan 5

2 001200 Latvia 0

1 001100 Lebanon 0

17 00192400 Lesotho 5



0 20410720 Madagascar 3


(1000 MT and 1000 HA)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 1701362080 Malawi 17

185 6507635300 Malaysia 211

0 21805342207515 Mali 119

26 00253200 Mauritius 7

142 445370536229160 Mexico 117

11 00111600 Moldova 5

7 007801 Morocco 2

0 23014425125 Mozambique 20



0 101325 Niger 1

2 130407751270 Nigeria 24

762 1652,1772,8781,4152,400 Pakistan 679

0 000000 Panama 0

2 3038511 Paraguay 2

59 00637655 Peru 13


4 004400 Poland 1

38 10364600 Portugal 9

0 000000 Romania 0

16 00192200 Russia 3

0 8008820 Senegal 1

2 002200 Serbia 0


0 000000 Slovakia 0

2 002200 Slovenia 0

1 0022212 Somalia 0

11 24020883330 South Africa 45

2 6005746565 Spain 9

1 002315 Sri Lanka 0

0 103015184131200 Sudan 65

0 000000 Sweden 0


0 15014423025 Syria 13

93 109312200 Taiwan 28


(1000 MT and 1000 HA)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 87017195109160 Tajikistan 91

0 4903317582450 Tanzania 94

191 0518522401 Thailand 34

0 51036157180 Togo 7

4 007822 Tunisia 1

914 7101,5242,160653400 Turkey 565

0 440174378220600 Turkmenistan 160

0 33036737100 Uganda 31

1 001100 Ukraine 0


1 3,266-45885,5053,9363,742 United States 1,655

0 000000 Uruguay 0

0 2206751,003708975 Uzbekistan 307

3 0021291915 Venezuela 9

1,524 001,4811,87111 Vietnam 391

0 1057618 Yemen 1

0 390111344120 Zambia 73

0 38278444210 Zimbabwe 37

World

9,052 9,0542524,61556,53525,58933,106 World 22,842


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

Table 06: Cotton Supply and Distribution by Country 2019/20

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 500201079048 Afghanistan 37

0 001211 Albania 1

30 00303500 Algeria 5

0 0051052 Angola 5

0 35004802,0961,400445 Argentina 1,266

0 000000 Armenia 0

0 1,3750352,19762560 Australia 787

10 00101300 Austria 3

0 350080541480140 Azerbaijan 111

40 00404800 Bahrain 8

7,000 0106,5008,92514245 Bangladesh 2,415

35 00354100 Belarus 6


0 1,2000151,5681,425665 Benin 353

2 00101484 Bolivia 4

5 8,93702,80025,66113,4001,670 Brazil 13,924

15 002532102 Bulgaria 7

0 7000251,160880580 Burkina 435

50 400675992724246 Burma 277

1 001200 Cambodia 1

0 500020789645250 Cameroon 269

2 002200 Canada 0


0 170010386325250 Chad 206

0 000000 Chile 0

7,000 175033,00069,92027,2503,450 China 36,745

70 501201686718 Colombia 43


35 00355011 Costa Rica 15

0 6250301,257990408 Cote d'Ivoire 602

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 2019/20 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply



45 00557193 Ecuador 16

450 22510550979305100 Egypt 194

125 0013516911 El Salvador 34

15 00151800 Estonia 3

30 10025035025080 Ethiopia 90

40 50354800 France 8

90 1007510600 Germany 21

0 20010392815 Ghana 9

30 1,42525801,7701,675285 Greece 240

130 0013516732 Guatemala 32

0 1800211812 Guinea 3

5 00101157 Haiti 1

35 00384442 Honduras 6


3 300300 Hungary 0

2,300 2,900020,00042,11430,50013,300 India 19,214

2,700 502,6003,23533 Indonesia 630

250 0050067027580 Iran 170

35 0050731510 Iraq 23

0 000000 Ireland 0

2 400456435 Israel 12

130 5012015100 Italy 26

230 0022026400 Japan 44

0 300060488370125 Kazakhstan 128

15 0040612825 Kenya 21

95 001402055519 Korea, North 65

585 20060074600 Korea, South 126

0 1050012011518 Kyrgyzstan 15

7 106900 Latvia 2

5 005600 Lebanon 1

90 008511500 Lesotho 30



0 10020453020 Madagascar 15


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


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 70051499080 Malawi 74

850 30003251,39600 Malaysia 771

0 1,1750251,8211,350735 Mali 621

120 0011514100 Mauritius 26

550 525251,5002,8141,570225 Mexico 764

70 00608200 Moldova 22

35 00354311 Morocco 8

0 9505186115125 Mozambique 86



0 6031495 Niger 5

10 300175314235270 Nigeria 109

3,800 50259,20012,4956,2002,450 Pakistan 3,220

0 000000 Panama 0

8 15014362111 Paraguay 7

200 20250308286 Peru 56


17 00172000 Poland 3

140 4014018100 Portugal 37

1 001200 Romania 1

100 0010512900 Russia 24

0 3000342916 Senegal 4

8 0081000 Serbia 2


1 001100 Slovakia 0

8 0081000 Slovenia 2

3 001011712 Somalia 1

50 10008539012428 South Africa 205

15 30002035231366 Spain 32

5 00101255 Sri Lanka 2

0 425070739600200 Sudan 244

0 000000 Sweden 0


0 5006016414025 Syria 54

400 10040054400 Taiwan 134


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


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 425070891585180 Tajikistan 396

0 2500165845595600 Tanzania 430

725 12572590421 Thailand 153

0 200015237220185 Togo 22

20 003035102 Tunisia 5

4,600 37506,6009,6943,450570 Turkey 2,719

0 10007251,549920545 Turkmenistan 724

0 14001529317089 Uganda 138

5 005600 Ukraine 1


3 15,400-342,20024,76619,9134,700 United States 7,200

0 000000 Uruguay 0

0 30003,0004,6583,5001,010 Uzbekistan 1,358

15 00851208515 Venezuela 35

6,500 006,1007,69131 Vietnam 1,591

0 3025342818 Yemen 6

0 12505448210130 Zambia 318

0 1251030349190200 Zimbabwe 184

World

40,108 40,27996102,396243,328122,99334,980 World 100,557


(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2019/20

Area

Harvested

Ending

Stocks

ExportsLossUseImportsProductionCountry

0 811042048 Afghanistan

0 000001 Albania

7 100700 Algeria

0 100112 Angola

0 276760105305445 Argentina

0 000000 Armenia

0 1712990813660 Australia

2 100200 Austria

0 2476017105140 Azerbaijan

9 200900 Bahrain

1,524 526021,4153145 Bangladesh

8 100800 Belarus

7 120400 Belgium-Luxembour

0 7726103310665 Benin

0 100224 Bolivia

1 3,0321,94606102,9181,670 Brazil

3 200522 Bulgaria

0 9515205192580 Burkina

11 6090147158246 Burma

0 000000 Cambodia

0 5910904140250 Cameroon

0 000000 Canada

0 3900934 Central African Republic

0 45370271250 Chad

0 000000 Chile

1,524 8,0003807,1855,9333,450 China

15 910261518 Colombia

0 1004330 Congo (Kinshasa)

8 300801 Costa Rica

0 13113607216408 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 2019/20 (Continued)

Area

Harvested

Ending

Stocks


0 000114 Dominican Republic

10 3001223 Ecuador

98 4249212066100 Egypt

27 7002901 El Salvador

3 100300 Estonia

7 2020545480 Ethiopia

9 210800 France

20 5201600 Germany

0 2402615 Ghana

7 52310517365285 Greece

28 7002912 Guatemala

0 1400412 Guinea

1 000217 Haiti

8 100812 Honduras

1 110000 Hong Kong

1 010000 Hungary

501 4,18363104,3556,64113,300 India

588 1371056613 Indonesia

54 37001096080 Iran

8 50011310 Iraq

0 000000 Ireland

0 390195 Israel

28 6102600 Italy

50 10004800 Japan

0 286501381125 Kazakhstan

3 5009625 Kenya

21 1400301219 Korea, North

127 274013100 Korea, South

0 323002518 Kyrgyzstan

2 000100 Latvia

1 000100 Lebanon

20 7001900 Lesotho

0 000000 Lithuania

1 000100 North Macedonia

0 3204720 Madagascar


(1,000 Metric Tons)


Area

Harvested

Ending

Stocks


0 1615012080 Malawi

185 1686507100 Malaysia

0 13525605294735 Mali

26 6002500 Mauritius

120 1661145327342225 Mexico

15 5001300 Moldova

8 200801 Morocco

0 19210125125 Mozambique

3 000300 Netherlands

0 020024 Nicaragua

0 110125 Niger

2 24703851270 Nigeria

827 7011152,0031,3502,450 Pakistan

0 000000 Panama

2 2303511 Paraguay

44 12005466 Peru

7 400501 Philippines

4 100400 Poland

30 8103000 Portugal

0 000000 Romania

22 5002300 Russia

0 1700616 Senegal

2 000200 Serbia

1 010000 Singapore

0 000000 Slovakia

2 000200 Slovenia

1 0002212 Somalia

11 45220192728 South Africa

3 765046866 Spain

1 000215 Sri Lanka

0 5393015131200 Sudan

0 000000 Sweden

0 000000 Switzerland

0 12110133025 Syria

87 29208700 Taiwan


(1,000 Metric Tons)


Area

Harvested

Ending

Stocks


0 8693015127180 Tajikistan

0 9454036130600 Tanzania

158 330515801 Thailand

0 5440348185 Togo

4 100722 Tunisia

1,002 5928201,437751570 Turkey

0 158220158200545 Turkmenistan

0 3030033789 Uganda

1 000100 Ukraine

0 000000 United Kingdom

1 1,5683,353-74794,3364,700 United States

0 000000 Uruguay

0 2966506537621,010 Uzbekistan

3 800191915 Venezuela

1,415 346001,32811 Vietnam

0 1105618 Yemen

0 69270146130 Zambia

0 40272741200 Zimbabwe

World

8,733 21,8948,7702122,29426,77934,980 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

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

4947,88297,608-80498,41230,400175,89030,18891,02230,75654,680 2002/03

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

5660,977107,960-1,245109,20534,949203,88633,965121,54535,65848,376 2004/05

5361,906115,178-1,793116,97144,922222,00644,668116,36134,72060,977 2005/06

5162,987122,493-1,715124,20837,416222,89638,305122,68534,57661,906 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

4349,273115,591119115,47234,910199,77436,297117,29833,82646,179 2010/11

6972,035103,876-210104,08646,029221,94045,423127,24436,05649,273 2011/12

8389,326107,880-343108,22346,360243,56647,630123,90134,31672,035 2012/13

9199,904109,97892109,88641,007250,88941,204120,35932,85589,326 2013/14

95106,749112,479268112,21135,958255,18636,065119,21733,86599,904 2014/15

8090,159113,476264113,21234,721238,35635,44496,16330,752106,749 2015/16

6980,228116,363206116,15737,932234,52337,687106,67729,76190,159 2016/17

6680,923122,863115122,74841,551245,33741,150123,95933,75580,228 2017/18

6780,227120,22243120,17941,401241,85042,273118,65433,35680,923 2018/19

98100,557102,49296102,39640,279243,32840,108122,99334,98080,227 2019/20

93104,910113,167113113,05441,585259,66241,575117,53033,106100,557 2020/21


Table 10: United States Cotton Supply and Distribution

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


Harvested

Yield Beginning

Stocks


Supply

Exports Use Loss Ending

Stocks

Stock to

Use %

United States

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

224,200-303,22516,28123,676320,9232,7501,0144,492 2017/18

274,850-922,97514,83722,570318,3674,2009894,043 2018/19

417,200-342,20015,40024,766319,9134,8509224,700 2019/20

437,600-172,70015,00025,283318,0807,2001,0523,742 2020/21


Table 11: Foreign Cotton Supply and Distribution

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


Harvested

Yield Beginning

Stocks


Supply

Exports Use Loss Ending

Stocks

Total Foreign

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

42,497-97091,13918,500151,16630,12173,81347,23262525,731 2002/03

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

55,482-1,353102,51420,513177,15633,93698,29444,92670530,374 2004/05

55,837-1,593111,10027,249192,59344,64092,47155,48269129,134 2005/06

53,508-2,018119,27324,457195,22038,286101,09755,83774829,424 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

46,673-63111,57220,534178,71636,28899,19643,23273229,496 2010/11

68,685-38100,78634,315203,74845,404111,67146,67375432,227 2011/12

85,526-691104,72333,334222,89247,620106,58768,68576030,544 2012/13

97,554-200106,33630,477234,16741,191107,45085,52678529,804 2013/14

103,09958108,63624,712236,50536,053102,89897,55474530,080 2014/15

86,35996109,76225,568221,78535,41183,275103,09966027,484 2015/16

77,478146112,90723,015213,54637,68089,50786,35975225,913 2016/17

76,723145119,52325,270221,66141,147103,03677,47876729,263 2017/18

75,377135117,20426,564219,28042,270100,28776,72374529,313 2018/19

93,357130100,19624,879218,56240,105103,08075,37774130,280 2019/20

97,310130110,35426,585234,37941,57299,45093,35773729,364 2020/21


department of agriculture cotton: world markets and trade · major exporters: previous current...

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