U.S. Exports Forecast to Exceed Consumption in 2001/02 for First Time Since Mid 1980's
For the first time since 1984/85, U.S.
cotton exports are forecast to exceed consumption in 2001/02 by
200,000 480-lb bales. While consumption is still relatively
high, in historical terms, it has fallen for the past 4 years
from a record level of 11.3 million in 1997/98. Production,
however, remains at near record levels, resulting in large
exportable surpluses. During the period 1979/80 to 1984/85
consumption fell below 6.0 million bales for the first time since
the mid 1930s (due to economic conditions). Exports
at the same time remained strong and surpassed consumption in 5
of the 6 years. Prior to 1979/80, exports had not exceeded
consumption since 1937.
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TABLE OF CONTENTS
U.S. Cotton Outlook
World Cotton Outlook
U.S. Cotton Highlights
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