TextTable

February 2006 Edition:

U.S. Export Commitments for 2005/06 on Track with Record Export Forecast

USDA's Export Sales report shows that as of week 26 of the 2005/06 marketing year, accumulated exports of all cotton were 5.6 million running bales compared to 4.5 million last year. This is in line with USDA's current U.S. export forecast of 15.92 million running bales (16.40 million 480 lb. bales). Accumulated exports to China were nearly 2.65 million bales, exceeding last year's by 2 million bales. However, exports to all other Asian markets are running behind last year by almost 847,000 bales. Exports to western hemisphere countries are slightly below last year (less than 100,000 running bales).

Total commitments for all cotton are 11.4 million running bales, compared to 9.8 million last marketing year at the same time. The larger export sales in 05/06 are mainly due to the more active presence of China in the market. Outstanding sales to China are significantly higher (up 2.5 million bales) than this time last year. China has made large purchases in the first half of this marketing year. With China's total imports in 2005/06 forecast significantly higher than 2004/05 (up 10.6 million), U.S. sales and exports to China are expected to remain strong throughout the season.

With total commitments to China looking very promising, U.S. cotton exports to other countries are likely to decline this marketing year. U.S. accumulated exports to Korea, Philippines, Indonesia, and Pakistan are already behind last year.

World and U.S. Cotton Situation and Outlook
Marketing Years 2003/04, 2004/2005, and 2005/06
1,000 480-Lb. Bales
	World				U.S.
	2003/04	2004/2005	2005/2006	% Change 04/05 - 05/06	2003/04	2004/2005	2005/2006	% Change 04/05 - 05/06
Production	95,262	120,377	113,751	-5.5	18,255	23,251	23,719	2.0
Imports	33,900	33,133	42,406	28.0	45	29	40	37.9
Use	98,080	108,647	116,794	7.5	6,221	6,693	5,900	-11.8
Exports	33,245	34,695	41,845	20.6	13,758	14,409	16,400	13.8
Ending Stocks	42,867	54,116	52,929	-2.2	3,506	5,538	7,000	26.4

Download Cotton Supply and Demand Database {.csv}

Download Cotton Circular {.pdf}

TABLE OF CONTENTS

Statistical tables contained in this circular may be viewed in Adobe Acrobat format ® {.pdf}.

Tables

Summary of Changes (1,000 480-lb. bales) {.pdf}

Table 1: World Cotton Supply, Use and Trade, 2000/2001-2005/2006 (1,000 metric tons) {.pdf}

Table 2: World Cotton Supply, Use and Trade, 2000/2001-2005/2006 (1,000 480-lb. bales) {.pdf}

Table 3: FY 2002 GSM-102 and Supplier Credit Programs {.pdf}

Table 4: Area, Yield, and Production by Country 2004/2005-2005/2006 {.pdf}

Table 5: Cotton Supply & Distribution by Country 2005/2006 (1,000 480-lb. bales) {.pdf}

Table 5-A: Cotton Supply & Distribution by Country 2005/2006 (1,000 metric tons) {.pdf}

Table 6: Cotton Supply & Distribution by Country 2004/2005 (1,000 480-lb. bales) {.pdf}

Table 6-A: Cotton Supply & Distribution by Country, 2004/2005 (1,000 metric tons) {.pdf}

Table 7: Export Sales Summary {.pdf}

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}

Statistical tables are available in Adobe Acrobat. You may need to GET the Acrobat reader.

Last modified: Tuesday, August 30, 2005