united states agriculture cotton: world markets and trade€¦ · 10/05/2012 · ecuador 2011/12 0...

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

Circular Series FOP 05 - 12 May 2012

China Drives Record Global Stocks

0

10

20

30

40

50

60

70

80

2004/05

2005/06

2006/07

2007/08

2008/09

2009/10

2010/11

2011/12

2012/13

Endi

ng S

tock

s M

illio

n 48

0 lb

s B

ales

China Other

World and China ending stocks in 2012/13 are forecast to again reach record levels as global production remains above consumption. China is forecast to capture 70 percent of the total two year surge in world stocks, largely driven by state reserve purchases. With the state reserve holding over three-quarters of China’s stocks, and about 30 percent of world stocks going into the 2012/13 season, its unannounced reserve policy will play a major role in the global market.

The USDA 2012/13 forecasts are based on the following assumptions: China will operate the reserve buying program in a manner similar to this season, but at a higher target price. As a result, a significant portion of the domestic crop will likely be purchased by the reserve. To fill the resulting gap between available supply and demand, some cotton is assumed to be released from the reserve and imports are likely to be restricted. This is in contrast to 2011/12 when record imports were allowed and reserve stocks swelled. The assumed net result is lower imports and higher reserve stocks by the end of 2012/13. With domestic prices maintained well above global cotton and man-made fiber prices, China’s mill demand is expected to fall, even as world demand recovers.

Any significant changes in the reserve policy from these assumptions will likely have an impact on China’s market situation, as well as the rest of the world.

Cotton: World Markets and Trade

Overview

For 2011/12, world consumption, production, and ending stocks are down marginally, mainly due to historical adjustments to Pakistan’s balance sheet. Trade is raised due to higher imports by China. U.S. season average farm price is marginally higher at 91 cents/pound. For 2012/13, lower prices are expected to cause smaller world production down from last year’s record. However, production will surpass consumption for the third consecutive year. Consequently, global stocks and stocks-to-use will both set records. World trade is forecast down. Both U.S. production and exports are forecast up. The season average U.S. farm price range is projected at 65 to 85 cents/pound.

Prices

The U.S spot price and the A-Index has continued to show little direction in the last month.

2012/13 TRADE OUTLOOK

• U.S. exports are forecast at 12.0 million bales, up 600,000 on a larger crop.

• India’s exports are forecast at 4.2 million bales, down 5.3 million due to a smaller crop, higher domestic demand, and uncertainty about their export policy.

• Australia’s exports are forecast at 4.3 million bales, 400,000 higher on a second record crop.

• Brazil’s exports are forecast at 4.4 million bales, down 100,000 on a smaller crop.

• China’s imports are forecast at 14.0 million bales, down 7.5 million as reserve building slows.

• Bangladesh’s imports are forecast at 3.6 million bales, up 450,000 on recovering demand. • Turkey’s imports are forecast at 3.0 million bales, up 700,000 on a smaller domestic crop

and strengthening demand.

0

50

100

150

200

250

Aug-10

Sep-10

Oct-10

Nov-10

Dec-10

Jan-11

Feb-11

Mar-11

Apr-11

May-11

Jun-11

Jul-11

Aug-11

Sep-11

Oct-11

Nov-11

Dec-11

Jan-12

Feb-12

Mar-12

Apr-12

May-12

US

cent

s/lb

s

Monthly Average Cotton Prices

A-Index Spot Price

May 2012

Trade Changes 2011/12 Major Exporters:

• India is 600,000 bales higher at 9.5 million on recent changes to their export policy.

• Brazil is raised 300,000 bales to 4.5 million on recent shipments.

• Australia is lowered 100,000 bales to 3.9 million as shipments slow.

Major Importers: • China is increased 1.0 million bales to 21.5 million on government stock building.

• Malaysia is raised 200,000 bales to 1.0 million on reported transshipments.

• Turkey is reduced by 200,000 bales to 2.3 million due to lagging imports.

• Bangladesh is decreased by 150,000 bales to 3.15 million on weaker imports.

• Egypt is lowered 100,000 bales to 300,000 on weaker demand.

• Pakistan is raised 100,000 bales to 1.0 million on a smaller crop.

May 2012

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

Afghanistan

1370070150851350 2012/13

Albania

0-30-30-3000 2011/12

120200121 2012/13

Algeria

420020020040 2012/13

Angola

250533522 2012/13

Argentina

-5000000-500-20 2011/12

1,0188599850350401,1251,062500 2012/13

Armenia

110101010 2012/13

Australia

100000-1000000 2011/12

3,770-110-150404,30004,5003,460500 2012/13

Austria

-2-100-102-10000 2011/12

318018320040 2012/13

Azerbaijan

10000-100000 2011/12

5330030500607330 2012/13

Bahrain

213013015000 2010/11

420020022020 2011/12

730030030070 2012/13

Bangladesh

59-2000-2000-150900 2011/12

9373,610103,60003,6009085740 2012/13

Belarus

10600600600100 2012/13

Belgium-Luxembourg

May 2012

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

00001010000 2011/12

113003030600110 2012/13

Benin

25000-2500030 2011/12

218100103500400178200 2012/13

Bolivia

-2-50-5-3-10000 2011/12

2955055210482820 2012/13

Brazil

-100100010000000 2010/11

-6000003000-200-1000 2011/12

8,2564,100-1504,2504,400508,0008,7061,200 2012/13

Bulgaria

8300300201082 2012/13

Burkina

25000-250000 2011/12

2824046500700236400 2012/13

Burma

56200020065027051300 2012/13

Cambodia

-1-40-40-5000 2010/11

-1-50-50-50-10 2011/12

250505020 2012/13

Cameroon

15000-150000 2011/12

120400402650325100175 2012/13

Canada

-1-30-30-4000 2011/12

270707020 2012/13

Central African Republic

11505150201125 2012/13

Chad

150000015060 2011/12

7315015110014058185 2012/13

May 2012


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


Harvested

Beginning

Stocks


Cons.

Ending

Stocks

Chile

-2-100-100-12000 2011/12

310010010030 2012/13

China

1,500-5000-50001,000000 2011/12

28,05341,000041,0002514,00030,50024,5785,000 2012/13

Colombia

00000-4040015 2011/12

963305325212519510850 2012/13

Congo (Kinshasa)

4170170215430 2012/13

Costa Rica

120201111 2012/13

Cote d'Ivoire

000025025030 2011/12

298500503500475223270 2012/13

Croatia

110101010 2012/13

Cuba

214014010424 2012/13

Cyprus

000000000 2012/13

Czech Republic

725025025070 2012/13

Denmark

110101010 2012/13

Dominican Republic

140401314 2012/13

Ecuador

-5-100-100-15000 2011/12

21800800759173 2012/13

Egypt

May 2012


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


Harvested

Beginning

Stocks


Cons.

Ending

Stocks

-935005000-4302 2010/11

-148-1000-1000-100-55-930 2011/12

31163510625400500550296155 2012/13

El Salvador

5-150-150-10000 2011/12

44130013001301431 2012/13

Estonia

000000000 2012/13

Ethiopia

100000010030 2011/12

4175075100953180 2012/13

France

2880080151000230 2012/13

Germany

0-100-100-10000 2011/12

421950195302250420 2012/13

Ghana

-3000-150-180-10 2011/12

81501515032620 2012/13

Greece

4000000400-10 2010/11

2000000-2040-15 2011/12

481160501101,050101,200481260 2012/13

Guatemala

19850850853162 2012/13

Guinea

100030400 2011/12

300018018314 2012/13

Haiti

11001005517 2012/13

Honduras

250501422 2012/13

Hong Kong

-5-100-105-10000 2011/12

May 2012


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


Harvested

Beginning

Stocks


Cons.

Ending

Stocks

361000100501500360 2012/13

Hungary

020202000 2011/12

350516030 2012/13

India

-6000006000000 2011/12

9,44921,000021,0004,20070025,0008,94911,000 2012/13

Indonesia

-20-500-500-75500 2011/12

4922,100502,050172,1003047910 2012/13

Iran

195600060040300350185120 2012/13

Iraq

4090090070303020 2012/13

Ireland

020202000 2012/13

Israel

6000501101 2011/12

1540460257207 2012/13

Italy

0-100-100-10000 2011/12

412350235202550410 2012/13

Japan

0-250-250-25000 2011/12

53325032503250530 2012/13

Kazakhstan

25000-250000 2011/12

17210025752755350192130 2012/13

Kenya

-13-100-1000-2300 2011/12

44004001030440 2012/13

Korea, North

5515001500100555019 2012/13

May 2012


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


Harvested

Beginning

Stocks


Cons.

Ending

Stocks

Korea, South

2891,15001,150101,17502740 2012/13

Kyrgyzstan

471001011501254730 2012/13

Latvia

010101000 2012/13

Lebanon

130303010 2012/13

Lithuania

110112010 2012/13

Macedonia

-100000-10-1 2007/08

-200000-1-1-1 2008/09

-300000-1-2-1 2009/10

-400000-1-3-1 2010/11

-500000-1-4-1 2011/12

320020020030 2012/13

Madagascar

1150050100601130 2012/13

Malawi

-2000040020050 2011/12

86505150016081140 2012/13

Malaysia

15000050200000 2011/12

459160016055080003690 2012/13

Mali

25000-250000 2011/12

342250257250800292480 2012/13

Mauritius

17800800800170 2012/13

Mexico

00000000-5 2010/11

-70000-504302 2011/12

8031,775251,7504001,2001,025753160 2012/13

May 2012


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


Harvested

Beginning

Stocks


Cons.

Ending

Stocks

Moldova

410010010040 2012/13

Morocco

36170017001721331 2012/13

Mozambique

1500000150-15 2011/12

8510010105012575135 2012/13

Netherlands

420020020040 2012/13

Nicaragua

2101901024 2012/13

Niger

340410535 2012/13

Nigeria

-25000-500-750-35 2011/12

11430003007550325114300 2012/13

Pakistan

-2000000-2000 2006/07

-7000000-50-200 2007/08

-80-1500-15000-160-700 2008/09

-40-4000-40000-360-800 2009/10

0-2000-20000-160-400 2010/11

200-3000-3000100-20000 2011/12

3,85711,0252511,0005002,20010,0003,1823,100 2012/13

Panama

000000000 2012/13

Paraguay

72300306010856760 2012/13

Peru

29247004701530020027750 2012/13

Philippines

-10-250-250-35000 2011/12

1050050050281 2012/13

May 2012


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


Harvested

Beginning

Stocks


Cons.

Ending

Stocks

Poland

-3-70-70-10000 2011/12

315015015030 2012/13

Portugal

37125012501250370 2012/13

Romania

150505010 2012/13

Russia

0-750-750-75000 2011/12

1025000500050001020 2012/13

Senegal

-11000-200-310-13 2011/12

1520020300501530 2012/13

Serbia and Montenegro

150505010 2012/13

Singapore

0000-10-10000 2011/12

400055040 2012/13

Slovakia

000000000 2012/13

Slovenia

0-10-10-1000 2011/12

150505010 2012/13

Somalia

110010037112 2012/13

South Africa

-4500000-450-7 2011/12

5521002100150506511 2012/13

Spain

11000150260-3 2011/12

8455055225152509968 2012/13

Sri Lanka

815015112575 2012/13

May 2012


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


Harvested

Beginning

Stocks


Cons.

Ending

Stocks

Sudan

1888082500275171125 2012/13

Sweden

000000000 2012/13

Switzerland

520020020050 2012/13

Syria

1697500750250750194125 2012/13

Taiwan

2558500850087502300 2012/13

Tajikistan

00000000-3 2010/11

400002506504 2011/12

237350354750550197200 2012/13

Tanzania

40015001502000400350430 2012/13

Thailand

3241,675251,65031,75032492 2012/13

Togo

350000035015 2011/12

8215015125015072100 2012/13

Tunisia

1390090109010132 2012/13

Turkey

10000001000 2010/11

-400000-200150100 2011/12

1,7825,520-805,6002003,0002,7501,752400 2012/13

Turkmenistan

50000-500000 2011/12

1,049650065075001,500949600 2012/13

Uganda

20000002000 2011/12

110200201350150115125 2012/13

May 2012


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


Harvested

Beginning

Stocks


Cons.

Ending

Stocks

Ukraine

030303000 2011/12

418018018040 2012/13

United Kingdom

20001010020 2012/13

United States

01818000180-116 2011/12

4,9003,50553,50012,000517,0003,4004,249 2012/13

Uruguay

130303010 2012/13

Uzbekistan

-501000100-500000 2011/12

1,5481,45001,4502,60004,1001,4981,300 2012/13

Venezuela

211100110025852115 2012/13

Vietnam

4231,65001,65001,6502340010 2012/13

Yemen

92502540065920 2012/13

Zambia

11000000110015 2011/12

240800802250300245230 2012/13

Zimbabwe

0000000045 2011/12

22610515904000500231450 2012/13

World

World

-2000000-2000 2006/07

-7100000-51-20-1 2007/08

-82-1500-15000-161-71-1 2008/09

-43-4000-40000-361-82-1 2009/10

-146-410-41010-154-43-17 2010/11

808-1,24118-1,259657467-97-14662 2011/12

May 2012


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


Harvested

Beginning

Stocks


Cons.

Ending

Stocks

73,748109,835-126109,96137,62137,637116,68766,88033,884 2012/13

May 2012

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

(1000 MT)

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

Production none

8,056 China 7,991 6,967 6,641 7,294 6,641

5,225 India 4,921 5,182 5,748 5,770 5,443

4,182 United States 2,790 2,654 3,942 3,391 3,701

1,862 Pakistan 1,859 2,012 1,881 2,308 2,177

1,602 Brazil 1,193 1,187 1,960 1,981 1,742

139 Australia 327 386 914 1,023 980

1,165 Uzbekistan 1,002 849 893 914 893

3,819 Other 3,283 3,021 3,366 4,108 3,829

26,050 Total 23,365 22,258 25,344 26,789 25,406

USE Dom. Consumption none

11,104 China 9,580 10,886 10,015 9,145 8,927

4,050 India 3,865 4,300 4,583 4,246 4,572

2,613 Pakistan 2,417 2,264 2,134 2,177 2,395

1,350 Turkey 1,110 1,263 1,219 1,154 1,219

1,002 Brazil 914 958 936 871 925

762 Bangladesh 827 849 806 697 784

998 United States 771 773 849 740 762

5,039 Other 4,503 4,519 4,381 4,155 4,357

26,917 Total 23,987 25,813 24,923 23,185 23,941

Imports none

2,510 China 1,523 2,374 2,608 4,681 3,048

784 Bangladesh 827 849 806 686 784

711 Turkey 636 957 729 501 653

851 Pakistan 417 343 321 218 479

566 Indonesia 501 479 457 430 457

420 Thailand 349 393 381 283 381

263 Vietnam 272 369 355 327 359

2,456 Other 2,110 2,150 2,114 1,931 2,033

8,561 Total 6,635 7,914 7,772 9,056 8,195

Exports none

2,968 United States 2,887 2,621 3,130 2,482 2,613

486 Brazil 596 433 435 980 958

265 Australia 261 460 546 849 936

1,633 India 514 1,426 1,165 2,068 914

914 Uzbekistan 653 827 577 544 566

283 Greece 174 191 163 218 229

196 Turkmenistan 163 261 239 163 163

1,757 Other 1,370 1,530 1,581 1,791 1,812

8,503 Total 6,619 7,750 7,838 9,096 8,191

Ending Stocks none

4,464 China 4,870 3,319 2,526 5,351 6,108

1,226 India 1,942 1,883 2,362 1,948 2,057

1,361 Brazil 1,087 948 1,721 1,896 1,798

2,188 United States 1,380 642 566 740 1,067

959 Pakistan 735 662 589 693 840

136 Australia 213 163 555 753 821

425 Turkey 360 420 375 381 388

2,501 Other 2,635 2,206 2,271 2,798 2,979

13,260 Total 13,222 10,243 10,966 14,562 16,057

May 2012

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

(1000 Bales)

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

Production none

640 Australia 1,500 1,775 4,200 4,700 4,500

7,360 Brazil 5,480 5,450 9,000 9,100 8,000

37,000 China 36,700 32,000 30,500 33,500 30,500

24,000 India 22,600 23,800 26,400 26,500 25,000

8,550 Pakistan 8,540 9,240 8,640 10,600 10,000

19,207 United States 12,815 12,188 18,104 15,573 17,000

5,350 Uzbekistan 4,600 3,900 4,100 4,200 4,100

17,539 Other 15,078 13,877 15,458 18,868 17,587

119,646 Total 107,313 102,230 116,402 123,041 116,687

USE Dom. Consumption none

3,500 Bangladesh 3,800 3,900 3,700 3,200 3,600

4,600 Brazil 4,200 4,400 4,300 4,000 4,250

51,000 China 44,000 50,000 46,000 42,000 41,000

18,600 India 17,750 19,750 21,050 19,500 21,000

2,500 Indonesia 2,250 2,150 2,050 1,900 2,050

2,000 Mexico 1,850 1,900 1,650 1,650 1,750

12,000 Pakistan 11,100 10,400 9,800 10,000 11,000

1,950 Thailand 1,600 1,775 1,700 1,350 1,650

6,200 Turkey 5,100 5,800 5,600 5,300 5,600

4,584 United States 3,541 3,550 3,900 3,400 3,500

16,692 Other 14,981 14,930 14,721 14,185 14,561

123,626 Total 110,172 118,555 114,471 106,485 109,961

Imports none

3,600 Bangladesh 3,800 3,900 3,700 3,150 3,600

11,530 China 6,996 10,903 11,979 21,500 14,000

2,600 Indonesia 2,300 2,200 2,100 1,975 2,100

975 Korea, South 988 1,010 1,038 1,200 1,175

1,530 Mexico 1,315 1,393 1,196 1,000 1,200

3,907 Pakistan 1,917 1,574 1,475 1,000 2,200

964 Taiwan 787 1,016 803 875 875

1,928 Thailand 1,602 1,806 1,752 1,300 1,750

3,267 Turkey 2,919 4,394 3,350 2,300 3,000

1,208 Vietnam 1,251 1,695 1,630 1,500 1,650

7,812 Other 6,601 6,458 6,672 5,794 6,087

39,321 Total 30,476 36,349 35,695 41,594 37,637

Exports none

1,219 Australia 1,201 2,115 2,509 3,900 4,300

2,231 Brazil 2,739 1,990 2,000 4,500 4,400

775 Burkina 800 775 675 600 650

1,299 Greece 800 875 750 1,000 1,050

7,500 India 2,360 6,550 5,350 9,500 4,200

2 Malaysia 10 43 80 550 550

500 Mali 325 440 450 575 725

900 Turkmenistan 750 1,200 1,100 750 750

13,634 United States 13,261 12,037 14,376 11,400 12,000

4,200 Uzbekistan 3,000 3,800 2,650 2,500 2,600

6,792 Other 5,156 5,768 6,057 6,502 6,396

39,052 Total 30,402 35,593 35,997 41,777 37,621

Ending Stocks none

625 Australia 979 749 2,550 3,460 3,770

6,251 Brazil 4,992 4,353 7,906 8,706 8,256

20,504 China 22,366 15,246 11,603 24,578 28,053

5,629 India 8,919 8,649 10,849 8,949 9,449

4,403 Pakistan 3,378 3,042 2,707 3,182 3,857

1,954 Turkey 1,654 1,928 1,722 1,752 1,782

10,051 United States 6,337 2,947 2,600 3,400 4,900

11,486 Other 12,101 10,130 10,430 12,853 13,681

60,903 Total 60,726 47,044 50,367 66,880 73,748

May 2012

Table 04 Cotton Area, Yield, and Production

From last month From last year

MBalesPercent

Yield

(Kilograms per hectare)

May 2010/11 MBales

Country / Region

Area

(Million hectares)

Production

(Million 480 lb. bales)

Change in Production

2010/11

Prel.

2011/12

Prel.

2011/12 May

Prel.

2011/12 May Percent

2012/13 Proj.2012/13 Proj. 2012/13 Proj.

2010/11

33.33World -5.16-6.35116.6935.83 33.88 760 748 750 116.40 123.04

4.33United States 9.161.4317.003.83 4.25 910 886 871 18.10 15.57

29.00Total Foreign -7.24-7.7899.6932.00 29.64 738 731 732 98.30 107.47

none

Western Hemisphere

1.40 Brazil -12.09-1.108.001.40 1.20 1,400 1,415 1,452 9.00 9.10

0.11 Mexico -17.54-0.221.030.19 0.16 1,436 1,410 1,395 0.73 1.24

0.61 Argentina -2.17-0.031.130.53 0.50 486 472 490 1.35 1.15

0.03 Paraguay -5.56-0.010.090.07 0.06 399 280 308 0.06 0.09

0.05 Peru 2.560.010.200.05 0.05 892 849 871 0.21 0.20

0.04 Colombia -2.50-0.010.200.06 0.05 871 792 849 0.16 0.20

Africa

0.40 Burkina 0.000.000.700.40 0.40 354 381 381 0.65 0.70

0.26 Mali 0.000.000.800.48 0.48 398 363 363 0.48 0.80

0.20 Cote d'Ivoire 5.560.030.480.25 0.27 370 392 383 0.34 0.45

0.14 Cameroon 0.000.000.330.18 0.18 428 404 404 0.28 0.33

0.18 Benin 6.670.030.400.20 0.20 363 408 435 0.30 0.38

0.10 Chad 7.690.010.140.18 0.19 218 162 165 0.10 0.13

0.06 Togo -6.25-0.010.150.10 0.10 236 367 327 0.07 0.16

0.03 Senegal 8.700.000.050.03 0.03 403 371 363 0.05 0.05

0.16 Egypt -26.17-0.200.550.22 0.16 772 737 773 0.56 0.75

0.40 Zimbabwe -4.76-0.030.500.47 0.45 272 243 242 0.50 0.53

0.41 Nigeria 0.000.000.330.33 0.30 252 218 236 0.48 0.33

Asia Oceania

5.15 China -8.96-3.0030.505.50 5.00 1,289 1,326 1,328 30.50 33.50

11.14 India -5.66-1.5025.0012.20 11.00 516 473 495 26.40 26.50

2.80 Pakistan -5.66-0.6010.003.20 3.10 672 721 702 8.64 10.60

0.13 Kazakhstan -5.41-0.020.350.14 0.13 700 575 586 0.42 0.37

0.16 Tajikistan -2.65-0.020.550.20 0.20 550 603 599 0.41 0.57

0.64 Turkmenistan 7.140.101.500.58 0.60 595 530 544 1.75 1.40

1.30 Uzbekistan -2.38-0.104.101.34 1.30 687 682 687 4.10 4.20

0.32 Turkey -15.38-0.502.750.48 0.40 1,436 1,474 1,497 2.11 3.25

0.54 Australia -4.26-0.204.500.58 0.50 1,681 1,764 1,960 4.20 4.70

0.13 Syria -16.67-0.150.750.15 0.13 1,280 1,306 1,306 0.74 0.90

0.30 Burma 0.000.000.270.30 0.30 196 196 196 0.27 0.27

Europe

0.23 Greece -9.77-0.131.200.29 0.26 890 1,016 1,005 0.94 1.33

1.59Others -4.57-0.153.171.93 1.96 346 375 353 2.53 3.32

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

May 2012

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

Table 05 Cotton Supply and Distribution MY 2012/13

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductionCountry

0 15070988550 Afghanistan 13

0 002311 Albania 1

20 00202400 Algeria 4

3 3051052 Angola 2

40 35098502,2271,125500 Argentina 1,018

1 001200 Armenia 1

0 4,300-150407,9604,500500 Australia 3,770

20 30182400 Austria 3

0 500301336030 Azerbaijan 53

30 00303700 Bahrain 7

3,600 0103,6004,5479040 Bangladesh 937

60 00607000 Belarus 10

60 300307100 Belgium-Luxembour 11

0 350010578400200 Benin 218

10 2055864820 Bolivia 29

50 4,400-1504,25016,7568,0001,200 Brazil 8,256

20 003038102 Bulgaria 8

0 65004936700400 Burkina 282

0 650200321270300 Burma 56

5 005700 Cambodia 2

0 265040425325175 Cameroon 120

7 007900 Canada 2

0 1505312025 Central African Republic 11

0 110015198140185 Chad 73

10 00101300 Chile 3

14,000 25041,00069,07830,5005,000 China 28,053

125 2532542819550 Colombia 96

2 0017211530 Congo (Kinshasa) 4

1 002311 Costa Rica 1

0 350050698475270 Cote d'Ivoire 298

1 001200 Croatia 1

10 00141644 Cuba 2

0 000000 Cyprus 0

25 00253200 Czech Republic 7

1 001200 Denmark 1

May 2012

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

Table 05 Cotton Supply and Distribution MY 2012/13 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


1 004534 Dominican Republic 1

75 008010193 Ecuador 21

500 400106251,346550155 Egypt 311

130 0013017411 El Salvador 44

0 000000 Estonia 0

0 100751269580 Ethiopia 41

100 1508012300 France 28

225 30019526700 Germany 42

0 15015383220 Ghana 8

10 1,050501101,6911,200260 Greece 481

85 008510432 Guatemala 19

0 1800211814 Guinea 3

5 00101157 Haiti 1

1 005742 Honduras 2

150 50010018600 Hong Kong 36

6 105900 Hungary 3

700 4,200021,00034,64925,00011,000 India 9,449

2,100 17502,0502,6093010 Indonesia 492

300 400600835350120 Iran 195

70 00901303020 Iraq 40

2 002200 Ireland 0

2 600479577 Israel 15

255 20023529600 Italy 41

325 0032537800 Japan 53

5 2752575547350130 Kazakhstan 172

10 0040443040 Kenya 4

100 001502055519 Korea, North 55

1,175 1001,1501,44900 Korea, South 289

0 11501017212530 Kyrgyzstan 47

1 001100 Latvia 0

3 003400 Lebanon 1

2 101300 Lithuania 1

20 00202300 Macedonia 3

0 10050716030 Madagascar 11

0 15005241160140 Malawi 86

May 2012

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


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


800 55001601,16900 Malaysia 459

0 7250251,092800480 Mali 342

80 00809700 Mauritius 17

1,200 400251,7502,9781,025160 Mexico 803

10 00101400 Moldova 4

172 0017020611 Morocco 36

0 105010200125135 Mozambique 85

20 00202400 Netherlands 4

0 90112104 Nicaragua 2

0 104855 Niger 3

50 750300489325300 Nigeria 114

2,200 5002511,00015,38210,0003,100 Pakistan 3,857

0 000000 Panama 0

10 600301628560 Paraguay 72

300 15047077720050 Peru 292

50 00506021 Philippines 10

15 00151800 Poland 3

125 0012516200 Portugal 37

5 005600 Romania 1

500 0050060200 Russia 102

0 30020655030 Senegal 15

5 005600 Serbia and Montenegro 1

5 500900 Singapore 4

0 000000 Slovakia 0

5 005600 Slovenia 1

3 001011712 Somalia 1

150 002102655011 South Africa 55

15 22505536425068 Spain 84

12 10152455 Sri Lanka 8

0 25008446275125 Sudan 188

0 000000 Sweden 0

20 00202500 Switzerland 5

0 250750944750125 Syria 169

875 008501,10500 Taiwan 255

0 475035747550200 Tajikistan 237

May 2012

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


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 2000150750400430 Tanzania 400

1,750 3251,6502,00232 Thailand 324

0 125015222150100 Togo 82

90 10090113102 Tunisia 13

3,000 200-805,6007,5022,750400 Turkey 1,782

0 75006502,4491,500600 Turkmenistan 1,049

0 135020265150125 Uganda 110

18 00182200 Ukraine 4

10 10001200 United Kingdom 2

5 12,00053,50020,40517,0004,249 United States 4,900

3 003400 Uruguay 1

0 2,60001,4505,5984,1001,300 Uzbekistan 1,548

25 001101318515 Venezuela 21

1,650 001,6502,0732310 Vietnam 423

0 40025746520 Yemen 9

0 225080545300230 Zambia 240

0 4001590731500450 Zimbabwe 226

World

37,637 37,621-126109,961221,204116,68733,884 World 73,748

May 2012

(1000 MT)

Table 05A Cotton Supply and Distribution MY 2012/2013

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 3015211911 Afghanistan 3

0 000100 Albania 0

4 004500 Algeria 1

1 101210 Angola 0

9 762185485245109 Argentina 222

0 000000 Armenia 0

0 936-3391,733980109 Australia 821

4 104500 Austria 1

0 110729137 Azerbaijan 12

7 007800 Bahrain 2

784 02784990209 Bangladesh 204

13 00131500 Belarus 2


0 76021268744 Benin 47

2 001219104 Bolivia 6

11 958-339253,6481,742261 Brazil 1,798

4 007820 Bulgaria 2

0 1420120415287 Burkina 61

0 14044705965 Burma 12

1 001200 Cambodia 0

0 5809937138 Cameroon 26

2 002200 Canada 0


0 2403433040 Chad 16

2 002300 Chile 1

3,048 508,92715,0406,6411,089 China 6,108

27 0171934211 Colombia 21



0 7601115210359 Cote d'Ivoire 65

0 000000 Croatia 0

2 003311 Cuba 0

0 000000 Cyprus 0


0 000000 Denmark 0

May 2012

(1000 MT)

Table 05A Cotton Supply and Distribution MY 2012/2013 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply



16 00172221 Ecuador 5

109 87213629312034 Egypt 68

28 00283800 El Salvador 10

0 000000 Estonia 0

0 2016272117 Ethiopia 9

22 30172700 France 6

49 70425800 Germany 9

0 303874 Ghana 2

2 229112436826157 Greece 105

19 00192310 Guatemala 4

0 400543 Guinea 1

1 002212 Haiti 0

0 001210 Honduras 0

33 110224000 Hong Kong 8

1 001200 Hungary 1

152 91404,5727,5445,4432,395 India 2,057

457 41144656872 Indonesia 107

65 901311827626 Iran 42

15 00202874 Iraq 9

0 000000 Ireland 0

0 130117122 Israel 3

56 40516400 Italy 9

71 00718200 Japan 12

1 605161197628 Kazakhstan 37

2 0091079 Kenya 1

22 003345124 Korea, North 12

256 2025031500 Korea, South 63

0 250237277 Kyrgyzstan 10

0 000000 Latvia 0

1 001100 Lebanon 0


4 004500 Macedonia 1

0 201115137 Madagascar 2

0 3301523530 Malawi 19

May 2012

(1000 MT)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


174 12003525500 Malaysia 100

0 15805238174105 Mali 74

17 00172100 Mauritius 4

261 87538164822335 Mexico 175

2 002300 Moldova 1

37 00374500 Morocco 8

0 2302442729 Mozambique 19



0 001211 Niger 1

11 160651067165 Nigeria 25

479 10952,3953,3492,177675 Pakistan 840

0 000000 Panama 0

2 1307351913 Paraguay 16

65 301021694411 Peru 64


3 003400 Poland 1

27 00273500 Portugal 8

1 001100 Romania 0

109 0010913100 Russia 22

0 70414117 Senegal 3



0 000000 Slovakia 0

1 001100 Slovenia 0

1 002223 Somalia 0

33 004658112 South Africa 12

3 49012795415 Spain 18

3 003511 Sri Lanka 2

0 5402976027 Sudan 41

0 000000 Sweden 0


0 5016320616327 Syria 37

191 0018524100 Taiwan 56

0 1030816312044 Tajikistan 52

May 2012

(1000 MT)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 440331638794 Tanzania 87

381 1535943610 Thailand 71

0 2703483322 Togo 18

20 20202520 Tunisia 3

653 44-171,2191,63359987 Turkey 388

0 1630142533327131 Turkmenistan 228

0 2904583327 Uganda 24

4 004500 Ukraine 1


1 2,61317624,4433,701925 United States 1,067

1 001100 Uruguay 0

0 56603161,219893283 Uzbekistan 337

5 002429193 Venezuela 5

359 0035945152 Vietnam 92

0 90516144 Yemen 2

0 490171196550 Zambia 52

0 8732015910998 Zimbabwe 49

World

8,195 8,191-2723,94148,16225,4067,377 World 16,057

May 2012

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

Table 06: Cotton Supply and Distribution by Country 2011/2012

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 15070988550 Afghanistan 13

0 002411 Albania 2

20 00202400 Algeria 4

3 3051052 Angola 2

40 40098252,2961,150530 Argentina 1,062

1 001200 Armenia 1

0 3,900-150407,2504,700580 Australia 3,460

20 50182700 Austria 4

0 3003013311050 Azerbaijan 73

30 00303700 Bahrain 7

3,150 0103,2004,0677536 Bangladesh 857

60 00607000 Belarus 10


0 250010438375200 Benin 178

10 2055854820 Bolivia 28

50 4,500-1504,00017,0569,1001,400 Brazil 8,706

20 003038102 Bulgaria 8

0 60004840700400 Burkina 236

0 650200316270300 Burma 51

5 005700 Cambodia 2

0 235040375325175 Cameroon 100

7 0081000 Canada 2


0 75015148130175 Chad 58

8 00101300 Chile 3

21,500 25042,00066,60333,5005,500 China 24,578

110 2532544020055 Colombia 108



0 325050598450250 Cote d'Ivoire 223

1 001200 Croatia 1

10 00141644 Cuba 2

0 000000 Cyprus 0


1 001200 Denmark 1

May 2012

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

Table 06: Cotton Supply and Distribution by Country 2011/2012 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply



65 00809793 Ecuador 17

300 400135501,259745220 Egypt 296

100 0012516811 El Salvador 43

0 000000 Estonia 0

0 100751169590 Ethiopia 31

100 1508011800 France 23

225 35019026700 Germany 42

0 15015363220 Ghana 6

10 1,000501301,6611,330285 Greece 481

75 008510132 Guatemala 16

0 1700201814 Guinea 3

5 00101157 Haiti 1

1 005742 Honduras 2

140 55010019100 Hong Kong 36

6 105900 Hungary 3

600 9,500019,50037,94926,50012,200 India 8,949

1,975 20501,9002,449309 Indonesia 479

250 400600825400135 Iran 185

70 00901203020 Iraq 30

2 002200 Ireland 0

2 600484759 Israel 20

260 20024030100 Italy 41

325 0032537800 Japan 53

7 2752575567370140 Kazakhstan 192

5 0045493244 Kenya 4

100 001502005519 Korea, North 50

1,200 1001,1251,40900 Korea, South 274

0 10001015713030 Kyrgyzstan 47

1 001100 Latvia 0

3 003400 Lebanon 1


20 00202300 Macedonia 3

0 10050716030 Madagascar 11

0 14005226170150 Malawi 81

May 2012

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


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


1,000 55001501,06900 Malaysia 369

0 575025892800480 Mali 292

80 00809700 Mauritius 17

1,000 350251,6502,7781,243192 Mexico 753

10 00101400 Moldova 4

172 0017020311 Morocco 33

0 100010185140135 Mozambique 75



0 104855 Niger 3

50 1000300514325325 Nigeria 114

1,000 1,1002510,00014,30710,6003,200 Pakistan 3,182

0 000000 Panama 0

12 400301379070 Paraguay 67

250 15046075219550 Peru 277


15 00182100 Poland 3

125 2012516400 Portugal 37

5 005600 Romania 1

500 0050060200 Russia 102

0 25020604627 Senegal 15



0 000000 Slovakia 0

5 005600 Slovenia 1

3 001011712 Somalia 1

125 002102755513 South Africa 65

15 20005535427667 Spain 99

12 10152355 Sri Lanka 7

0 17508354300150 Sudan 171

0 000000 Sweden 0


0 2508001,019900150 Syria 194

875 008501,08000 Taiwan 230

0 450035682565204 Tajikistan 197

May 2012

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


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply


0 1500150650315350 Tanzania 350

1,300 2251,3501,62642 Thailand 249

0 9001517716095 Togo 72

90 10090113102 Tunisia 13

2,300 300-805,3007,2723,250480 Turkey 1,752

0 75006002,2991,400575 Turkmenistan 949

0 100020235170100 Uganda 115

18 00182200 Ukraine 4


15 11,400-123,40018,18815,5733,829 United States 3,400

3 003400 Uruguay 1

0 2,50001,3505,3484,2001,340 Uzbekistan 1,498

25 001101318515 Venezuela 21

1,500 001,5001,9002310 Vietnam 400

0 40025746520 Yemen 9

0 115080440325230 Zambia 245

0 3751590711525470 Zimbabwe 231

World

41,594 41,777-140106,485215,002123,04135,829 World 66,880

May 2012

(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2011/2012

Area

Harvested

Ending

Stocks

ExportsLossUseImportsProductionBeginning

Stocks

Country

19 30150311 Afghanistan 3

0 000010 Albania 0

0 004410 Algeria 1

1 101100 Angola 0

250 8721809241115 Argentina 231

0 000000 Armenia 0

1,023 849-3390555126 Australia 753

0 104420 Austria 1

24 7070511 Azerbaijan 16

0 007720 Bahrain 2

16 026976861838 Bangladesh 187

0 00131320 Belarus 2


82 540201444 Benin 39

10 0012264 Bolivia 6

1,981 980-33871111,721305 Brazil 1,896

2 007420 Bulgaria 2

152 1310103087 Burkina 51

59 1404401065 Burma 11

0 001100 Cambodia 0

71 510901138 Cameroon 22

0 002210 Canada 0


28 16030438 Chad 13

0 002210 Chile 1

7,294 509,1454,6812,5261,197 China 5,351

44 0171242812 Colombia 24



98 7101103254 Cote d'Ivoire 49

0 000000 Croatia 0

1 003201 Cuba 0

0 000000 Cyprus 0


0 000000 Denmark 0

May 2012

(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2011/2012 (Continued)

Area

Harvested

Ending

Stocks


Stocks

Country


2 00171451 Ecuador 4

162 873120654748 Egypt 64

0 002722150 El Salvador 9

0 000000 Estonia 0

21 20160520 Ethiopia 7

0 30172240 France 5

0 80414990 Germany 9

7 303014 Ghana 1

290 218112827062 Greece 105

1 00191650 Guatemala 3

4 400003 Guinea 1

1 002102 Haiti 0

1 001000 Honduras 0

0 1202230110 Hong Kong 8

0 001110 Hungary 1

5,770 2,06804,2461312,3622,656 India 1,948

7 411414430972 Indonesia 104

87 90131543829 Iran 40

7 00201544 Iraq 7

0 000000 Ireland 0

16 1301022 Israel 4

0 40525790 Italy 9

0 007171120 Japan 12

81 6051624130 Kazakhstan 42

7 00101310 Kenya 1

12 003322104 Korea, North 11

0 20245261460 Korea, South 60

28 2202067 Kyrgyzstan 10

0 000000 Latvia 0

0 001100 Lebanon 0


0 004410 Macedonia 1

13 2011027 Madagascar 2

37 300101233 Malawi 18

May 2012

(1,000 Metric Tons)


Area

Harvested

Ending

Stocks


Stocks

Country

0 120033218150 Malaysia 80

174 12505020105 Mali 64

0 00171740 Mauritius 4

271 76535921811642 Mexico 164

0 002210 Moldova 1

0 00373770 Morocco 7

30 220201029 Mozambique 16



1 001011 Niger 1

71 22065113071 Nigeria 25

2,308 23952,177218589697 Pakistan 693

0 000000 Panama 0

20 9073815 Paraguay 15

42 30100546711 Peru 60


0 004310 Poland 1

0 00272780 Portugal 8

0 001100 Romania 0

0 00109109220 Russia 22

10 504036 Senegal 3



0 000000 Slovakia 0

0 001100 Slovenia 0

2 002103 Somalia 0

12 004627213 South Africa 14

60 4401231415 Spain 22

1 003311 Sri Lanka 2

65 380201233 Sudan 37

0 000000 Sweden 0


196 5017402633 Syria 42

0 00185191450 Taiwan 50

123 980802544 Tajikistan 43

May 2012

(1,000 Metric Tons)


Area

Harvested

Ending

Stocks


Stocks

Country

69 3303307376 Tanzania 76

1 05294283700 Thailand 54

35 20030421 Togo 16

2 20202030 Tunisia 3

708 65-171,154501375105 Turkey 381

305 16301310196125 Turkmenistan 207

37 220401422 Uganda 25

0 004410 Ukraine 1


3,391 2,482-37403566834 United States 740

0 001100 Uruguay 0

914 54402940250292 Uzbekistan 326

19 0024553 Venezuela 5

5 00327327822 Vietnam 87

14 905024 Yemen 2

71 2501702550 Zambia 53

114 82320040102 Zimbabwe 50

World

26,789 9,096-3023,1859,05610,9667,801 World 14,562

May 2012

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

World

4125,83463,54823963,30925,764115,14625,69868,83932,93820,609 1981/82

3825,45467,26830266,96625,515118,23726,07166,33231,39425,834 1982/83

3524,28169,17649668,68025,333118,79027,05966,27730,92025,454 1983/84

5942,12671,29047470,81627,200140,61627,62988,70633,74124,281 1984/85

6347,58975,58225275,33028,078151,24928,98180,14231,58142,126 1985/86

4335,41782,27417982,09533,350151,04133,09370,35929,34747,589 1986/87

3932,60984,68053484,14630,103147,39230,52981,44630,87135,417 1987/88

3631,05085,88064285,23833,481150,41133,58284,22033,83132,609 1988/89

2924,97387,13923486,90531,357143,46932,70379,71631,69631,050 1989/90

3227,44685,69417085,52429,560142,70030,57887,14933,15124,973 1990/91

4336,95486,56036886,19228,249151,76329,02295,29534,78627,446 1991/92

4034,48586,3956386,33225,475146,35527,05382,34832,66736,954 1992/93

3227,80385,69314385,55026,660140,15627,95177,72030,74334,485 1993/94

3831,99184,287-33084,61728,157144,43530,28786,34532,27827,803 1994/95

4740,10585,396-54485,94027,436152,93726,99793,94935,94731,991 1995/96

5144,61187,351-58587,93626,813158,77528,57790,09333,76440,105 1996/97

5749,45586,686-58187,26726,807162,94825,92892,40933,81544,611 1997/98

6252,84083,646-1,11484,76023,549160,03524,48086,10032,89849,455 1998/99

5651,12590,480-60291,08227,160168,76527,97687,94932,36352,840 1999/00

5449,42490,819-1,33992,15826,230166,47326,22789,12131,99551,125 2000/01

5854,54593,736-70694,44229,139177,42029,30498,69233,71749,424 2001/02

4847,65197,611-77998,39030,457175,71930,18790,98730,74154,545 2002/03

4948,15297,189-88498,07333,213178,55434,11296,79132,31647,651 2003/04

5660,573107,909-1,170109,07935,010203,49233,840121,50035,70148,152 2004/05

5361,759115,043-1,743116,78644,854221,65644,671116,41234,72460,573 2005/06

5062,460122,103-1,811123,91437,566222,12938,145122,22534,53261,759 2006/07

4960,903121,472-2,154123,62639,052221,42739,321119,64632,84062,460 2007/08

5560,726107,564-2,608110,17230,402198,69230,476107,31330,57060,903 2008/09

4047,044116,668-1,887118,55535,593199,30536,349102,23030,14060,726 2009/10

4450,367112,777-1,694114,47135,997199,14135,695116,40233,33147,044 2010/11

6366,880106,345-140106,48541,777215,00241,594123,04135,82950,367 2011/12

6773,748109,835-126109,96137,621221,20437,637116,68733,88466,880 2012/13

May 2012

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

262,928-866,6744,78414,3003810,5813,6815224,417 1976/77

455,34786,4835,48417,322514,3892,9285835,372 1977/78

323,958-2836,3526,18016,207410,8565,3474715,018 1978/79

193,000-1436,5069,22918,592514,6293,9586135,193 1979/80

232,668-3355,8915,92614,1502811,1223,0004535,348 1980/81

566,632-1235,2646,56718,3402615,6462,6686085,601 1981/82

747,937-425,5135,20718,6152011,9636,6326613,939 1982/83

222,7752385,9216,78615,720127,7717,9375692,973 1983/84

354,102-745,5386,21515,7812412,9822,7756734,200 1984/85

1129,348-1546,4131,96017,5673313,4324,1027064,140 1985/86

365,026-807,4526,68419,08239,7319,3486183,427 1986/87

415,771-1827,6176,58219,788214,7605,0267924,059 1987/88

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

386,337-2733,54113,26122,866012,81510,0519113,063 2008/09

192,947-93,55012,03718,525012,1886,3378713,047 2009/10

142,6001843,90014,37621,060918,1042,9479104,330 2010/11

233,400-123,40011,40018,1881515,5732,6008863,829 2011/12

324,90053,50012,00020,405517,0003,4008714,249 2012/13

May 2012

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

19,45222453,56419,81993,05924,89345,94622,22038326,116 1976/77

20,29030054,53920,95796,08627,11549,51919,45238228,204 1977/78

17,89820756,87721,07396,05527,12548,64020,29038127,796 1978/79

18,23215359,39821,43399,21630,50150,81717,89840927,026 1979/80

17,94130259,13020,33997,71227,22552,25518,23242127,021 1980/81

19,20236258,04519,19796,80625,67253,19317,94142427,337 1981/82

17,51734461,45320,30899,62226,05154,36919,20243127,455 1982/83

21,50625862,75918,547103,07027,04758,50617,51745627,947 1983/84

38,02454865,27820,985124,83527,60575,72421,50655829,541 1984/85

38,24140668,91726,118133,68228,94866,71038,02452927,441 1985/86

30,39125974,64326,666131,95933,09060,62838,24150925,920 1986/87

26,83871676,52923,521127,60430,52766,68630,39154226,812 1987/88

23,95847777,45627,333129,22433,57768,80926,83851728,996 1988/89

21,97339778,14623,663124,17932,70167,52023,95852827,836 1989/90

25,10245576,86721,767124,19130,57471,64421,97354928,403 1990/91

33,25036076,57921,603131,79229,00977,68125,10257329,541 1991/92

29,82325376,08220,274126,43227,05266,13033,25051128,166 1992/93

24,27315175,13219,798119,35427,94561,58629,82352425,570 1993/94

29,341-29273,41918,755121,22330,26766,68324,27354026,887 1994/95

37,496-57175,29319,761131,97926,58976,04929,34156229,469 1995/96

40,640-57776,81019,948136,82128,17471,15137,49654328,548 1996/97

45,568-62275,91819,307140,17125,91573,61640,64056528,390 1997/98

48,901-72074,35919,251141,79124,04172,18245,56855028,574 1998/99

47,210-74780,88820,410147,76127,87970,98148,90157426,930 1999/00

43,424-85683,29619,490145,35426,21171,93347,21058626,713 2000/01

47,097-88686,74618,139151,09629,28378,38943,42460728,121 2001/02

42,266-94591,11718,557150,99530,12073,77847,09762525,716 2002/03

44,702-1,09591,80719,455154,86934,06778,53642,26662327,458 2003/04

55,078-1,278102,38820,574176,76233,81198,24944,70270330,417 2004/05

55,690-1,543110,91527,181192,24344,64392,52255,07869129,138 2005/06

52,981-2,114118,97924,607194,45338,126100,63755,69074629,380 2006/07

50,852-2,583119,04225,418192,72939,309100,43952,98176528,595 2007/08

54,389-2,335106,63117,141175,82630,47694,49850,85274827,507 2008/09

44,097-1,878115,00523,556180,78036,34990,04254,38972427,093 2009/10

47,767-1,878110,57121,621178,08135,68698,29844,09773829,001 2010/11

63,480-128103,08530,377196,81441,579107,46847,76773132,000 2011/12

68,848-131106,46125,621200,79937,63299,68763,48073229,635 2012/13

May 2012

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