Cotton: World Markets and Trade (June 2002)

July 2002 Edition:

World Production Down and Consumption Up in MY2002/03

Chart showing selected countries' contributions to MY 2002/03 cotton production, use and trade changes

The world situation in MY02/03 shows falling production and rising consumption, imports, and exports. World production is forecast to fall 8.2 percent due to reductions in China and the United States. China’s production is forecast to fall 3.9 million 480-lb bales, 16 percent below last year’s level. The United States’ production is forecast to fall 2.8 million 480-lb bales, down 14 percent from last year.

World consumption is forecast to increase 2.6 percent or 2.5 million bales due mainly to increases in China, Pakistan, India, and the United States. World imports and exports are forecast to rise 5.5 and 4.5 percent, respectively. Major increases in exports are forecast for Franc Zone Africa countries. Major import increases in China and Brazil will be partially offset by decreases in Pakistan.

As a result of falling production and increasing consumption, imports, and exports, world ending stocks are forecast to decrease 12.5 percent. Lower stocks are especially apparent in China and the United States, falling 29 and 14 percent, respectively.

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TABLE OF CONTENTS

U.S. Cotton Outlook
World Cotton Outlook
Cotton Prices
U.S. Cotton Highlights

Most statistical tables contained in this circular may be viewed in Adobe Acrobat format ® (.pdf).

Tables

Table 1: World Cotton Supply, Use and Trade, 1996/97-2002/2003 (1,000 metric tons) {.pdf}
Table 2: World Cotton Supply, Use and Trade, 1996/97-2002/2003 (1,000 480-lb. bales) {.pdf}
Table 3: FY 2002 GSM-102 and Supplier Credit Programs {.pdf .csv}
Table 4: Area, Yield, and Production by Country 2001/2002-2002/2003 {.pdf}
Table 5: Cotton Supply & Distribution by Country 2002/2003 (1,000 480-lb. bales) {.pdf}
Table 5-A: Cotton Supply & Distribution by Country 2002/2003 (1,000 metric tons) {.pdf}
Table 6: Cotton Supply & Distribution by Country 2002/2003 (1,000 480-lb. bales) {.pdf}
Table 6-A: Cotton Supply & Distribution by Country, 2002/2003 (1,000 metric tons) {.pdf}
Table 7: Export Sales Summary {.pdf .csv}
Table 8: Northern European Cotton and Adjusted World Price {.pdf}
Table 9: World Cotton Production, Yield, Supply, and Utilization {.pdf}
Table 10: United States Cotton Production, Yield, Supply, and Utilization {.pdf}
Table 11: Foreign Cotton Production, Yield, Supply, and Utilization {.pdf}
Table 12: New Independent States Cotton Supply and Demand, MY 1991/92-2002/2003 {.pdf}
Table 13:Summary of Changes1993/1994-2002/2003 (1,000 480-lb. bales) {.pdf}
Supplement A: Historical Revisions for China (.pdf)

	Most statistical tables are available in Adobe Acrobat and Lotus version 3 format. You may need to GET the Acrobat reader.
Download the trade tables in Lotus 123 version 3 format. Please note that some versions of Netscape Navigator will change the filename extension; if this happens, you MUST rename the file to .wk3 to access it.

Last modified: Tuesday, August 30, 2005