Reduced Production by
Foreign Competitors Drives U.S. Exports
This month's production estimate
for the major cotton exporting countries is the lowest since
1996/97. Compared with last year, lower area in the African Franc
Zone, Greece, and Syria, and lower yields in the Former Soviet
Union, are anticipated to reduce production significantly. Only
Australia is expected to raise production, due mainly to
favorable prices. These countries collectively accounted for an
average of 66 percent of the world's total exports during the
past five years. Reduced competitor export supplies are a major
factor boosting the estimated U.S. share of world trade to 28.7
percent, well above the previous 5-year average of about 25
percent. This month's U.S. export estimate for MY 2000/2001,
remains at 7.6 million bales.
TABLE OF CONTENTS
Special 10 Year World Production, Supply, and Demand {.pdf, .wk4}
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Tables
Table 13: New Independent States Cotton Supply and Demand, MY 1991/92-1999/2000{.pdf, .wk3}
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