Cotton: World Markets and Trade (Feb. 2002)

February 2002 Edition:

World Cotton Production and Consumption Forecasts

MY 2001/02

Since the initial MY 2001/02 forecast in July, USDA’s production forecast grew by over two million bales (480-lb.) while consumption fell by almost one million bales, causing ending stocks to rise after two consecutive years of decline.

As the Northern Hemisphere harvest began in August, upward yield-based adjustments were made to U.S., Indian, and Turkish production forecasts. By November, better harvest information indicated higher yields in the United States, China, Turkey, and Egypt. By December, harvest data showed lower yields in India and Pakistan, while Southern Hemisphere producers, discouraged by low prices and weak demand, planted less acreage to cotton. An increase in China’s production forecast in January due to new production data, combined with increased post-harvest forecasts for Pakistan and Iran have nudged up the world production forecast in the last two months.

In October and November, the deteriorating world economic situation and the fall-out of the September 11 attacks pulled down forecasted world consumption. The United States, India, Indonesia, and Mexico have been the hardest hit. However, consumption indicators are up in China, Uzbekistan, and Turkey.

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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

Table 1: World Cotton Supply, Use and Trade, 1995/96-2001/2002 (1,000 metric tons) {.pdf, .wk3}
Table 2: World Cotton Supply, Use and Trade, 1995/96-2001/2002 (1,000 480-lb. bales) {.pdf, .wk3}
Table 3: FY 99 GSM-102 and Supplier Credit Programs {.pdf, .wk3}
Table 4: Area, Yield, and Production by Country 2000/2001-2001/2002 {.pdf, .wk3}
Table 5: Cotton Supply & Distribution by Country 2001/2002 (1,000 480-lb. bales) {.pdf, .wk3}
Table 5-A: Cotton Supply & Distribution by Country 2001/2002 (1,000 metric tons) {.pdf, .wk3}
Table 6: Cotton Supply & Distribution by Country 2000/2001 (1,000 480-lb. bales) {.pdf, .wk3}
Table 6-A: Cotton Supply & Distribution by Country, 2000/2001 (1,000 metric tons) {.pdf, .wk3}
Table 7: Export Sales Summary {.pdf .wk3}
Table 8: Northern European Cotton and Adjusted World Price {.pdf}
Table 9: World Cotton Production, Yield, Supply, and Utilization {.pdf, .wk3}
Table 10: United States Cotton Production, Yield, Supply, and Utilization {.pdf, .wk3}
Table 11: Foreign Cotton Production, Yield, Supply, and Utilization {.pdf, .wk3}
Table 12: New Independent States Cotton Supply and Demand, MY 1991/92-2001/2002 {.pdf, .wk3}

	Most statistical tables are available in Adobe Acrobat and Lotus version 3 format. You may need to GET the Acrobat reader.
Download the trade tables in Lotus 123 version 3 format. Please note that some versions of Netscape Navigator will change the filename extension; if this happens, you MUST rename the file to .wk3 to access it.

Last modified: Tuesday, August 30, 2005