TextTable

March 2005 Edition:

2004/05 U.S. Export Sales Continue Strong

Season-to-date export sales are about 4 percent below last year at this time. This is in line with this season’s export forecast of 13.2 million 480 lb. bales, down 4.3 percent from last season’s total of 13.8 million.

Through the end of February, U.S. total sales stood at 11.0 million running bales with accumulated exports of 6.05 million running bales. Both exports and sales are down 400,000 bales from last year at this time. Total sales to China are down 2.66 million bales compared to last year while total sales to all other markets are up 2.29 million bales. Leading the increase in non-China sales are Turkey, Indonesia, Korea, and Thailand. Sales to non-China markets are expected to slow slightly in the remainder of the year, relative to last year’s pace.

The U.S. share of China’s imports will likely be below last year’s 57.5 percent due to larger foreign supplies of cotton this season and the late timing of China’s imports relative to last year. The U.S. share of China’s imports in the first half of 2004/05 was 41 percent compared to 53 percent during the same period last year. Uzbekistan, Australia, Paraguay, and Pakistan, with larger exportable supplies in 2004/05, have increased their market shares in China.

World and U.S. Cotton Situation and Outlook
Marketing Years 2002/03, 2003/04 and 2004/2005
1,000 480-Lb. Bales
	World				US
	2002/03	2003/04	2004/2005	% Change 03/04 - 04/05	2002/03	2003/04	2004/2005	% Change 03/04 - 04/05
Production	88,310	95,075	117,711	23.81%	17,209	18,255	23,006	26.03%
Imports	30,146	33,906	33,792	-0.34%	67	45	40	-11.11%
Use	98,452	98,377	106,163	7.91%	7,273	6,489	6,300	-2.91%
Exports	30,449	33,033	33,583	1.67%	11,900	13,759	13,200	-4.06%
Ending Stocks	38,137	35,772	47,554	32.94%	5,385	3,506	7,100	102.51%

Download Cotton Supply and Demand Database {.csv}

Download Cotton Circular {.pdf}

TABLE OF CONTENTS

Statistical tables contained in this circular may be viewed in Adobe Acrobat format ® {.pdf}.

Tables

Summary of Changes (1,000 480-lb. bales) {.pdf}

Table 1: World Cotton Supply, Use and Trade, 1999/2000-2004/2005 (1,000 metric tons) {.pdf}

Table 2: World Cotton Supply, Use and Trade, 1999/2000-2004/2005 (1,000 480-lb. bales) {.pdf}

Table 3: FY 2002 GSM-102 and Supplier Credit Programs {.pdf}

Table 4: Area, Yield, and Production by Country 2003/2004-2004/2005 {.pdf}

Table 5: Cotton Supply & Distribution by Country 2004/2005 (1,000 480-lb. bales) {.pdf}

Table 5-A: Cotton Supply & Distribution by Country 2004/2005 (1,000 metric tons) {.pdf}

Table 6: Cotton Supply & Distribution by Country 2003/2004 (1,000 480-lb. bales) {.pdf}

Table 6-A: Cotton Supply & Distribution by Country, 2003/2004 (1,000 metric tons) {.pdf}

Table 7: Export Sales Summary {.pdf}

Table 8: Northern European Cotton and Adjusted World Price {.pdf}

Table 9: World Cotton Production, Yield, Supply, and Utilization {.pdf}

Table 10: United States Cotton Production, Yield, Supply, and Utilization {.pdf}

Table 11: Foreign Cotton Production, Yield, Supply, and Utilization {.pdf}

Statistical tables are available in Adobe Acrobat. You may need to GET the Acrobat reader.

Last modified: Sunday, March 17, 2013