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