China: Net Importer in MY2001/2002
The initial 2001/02 forecast for China's consumption is
unchanged from the 2000/01 estimate of 23.5 million bales.
Production in 2001/02 is forecast at 22.0 million bales, up 8
percent from the 2000/01 estimate. With consumption forecast
above production for the third consecutive year, ending stocks
are expected to continue to tighten. Ending stocks of 10.8
million bales will be the lowest level since 1994/95. The
relatively tight stock situation and high internal prices are
expected to lead to increased imports, forecast at 1.25 million
bales with exports forecast stable at 500,000 bales. This
forecast does not assume WTO accession for China, consistent with
USDA practice of not incorporating the effects of policy changes
until they actually occur.
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TABLE OF CONTENTS
U.S. Cotton Outlook
World Cotton Outlook
U.S. Cotton Highlights
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