May 2002 Edition:
World Production Down and Consumption Up in MY2002/03
World production and consumption for 2002/03 are projected at 91.0 and 95.5 million bales, respectively, reducing world stocks almost 10 percent to 40.6 million bales. Production is projected to fall 7 percent as the current season's historically low prices significantly reduce planted area in northern hemisphere countries. World use is expected to grow to a record 95.5 million bales. The more than 2-percent increase is above the long-run average growth rate, as economic recovery and competitive cotton prices stimulate demand. Larger consumption will also boost world trade to a level not seen since the late 1980’s.
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TABLE OF CONTENTS
World Cotton Outlook
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).
Most statistical tables are available in Adobe Acrobat and Lotus version 3 format. You may need to GET the Acrobat reader.
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