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November 2001 Edition:

Exports Off to Strong Start Towards 70-year High

Accumulated U.S. Exports - MY 2001/02 Forecast of 9.4 million bales

U.S. cotton exports are off to an unusually strong start in MY 2001/02. In the last 70 years, exports have reached the current forecast of 9.4 million 480-lb bales only once before in MY 1994/95. For the past 15 marketing years 14 percent of total marketing year exports have been shipped by week 13, on average, with a standard deviation of 4 percentage points. However, accumulated exports this marketing year are 25.5 percent of the forecast total, nearly 2.4 million bales; almost twice the year-ago level. Cumulatively, exports are up 950,000 bales from last year - a threefold increase – to India, Turkey, Indonesia, Taiwan, Thailand, and Korea. These six countries are only forecast to increase their combined total imports by 4 percent, 415,000 bales, from MY 2000/01. Thus the current U.S. export level indicates a substantial increase in U.S. market share in these countries.

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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) or downloaded as Lotus 1-2-3 ® spreadsheets (.wk3).

Tables

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Last modified: Sunday, March 17, 2013