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June 2006 Edition:
Cotton Consumption Higher in India-Subcontinent, Lower in Turkey in 2006/07

USDA’s projected 2006/07 world use of cotton exceeds 122 million 480 lb. bales,
with 51 million bales or 42 percent in China. The world excluding China is
projected to consume 71.5 million bales, up slightly from 2005/06, with 50
percent of this in India, Pakistan, and Turkey. India’s consumption is projected
to grow over 7 percent next year, increasing from 15.8 million bales consumed in
2005/06 to 17 million in 2006/07. Much of this growth can be attributed to
strong domestic and export demand for textiles, and ample cotton supplies, which
have pushed cotton prices lower. Pakistan’s consumption is projected to increase
a more modest 4 percent from 11.7 million bales to 12.2 million in response to
continued growth in textile exports. Turkey is projected to be the fourth
largest consumer in the world at 6.7 million bales. The strength of the Turkish
Lira is forecast to constrain textile exports in 2006/07, reducing cotton use 3
percent. The United States is projected to consume 5.6 million bales in 2006/07,
down nearly 7 percent from the projected 6 million bales consumed in 2005/06.
World cotton exports for 2006/07 are projected to remain stable at 43.5 million
bales. The United States will account for nearly 39 percent of this, with a
projected 16.8 million bales, maintaining the same export level as in 2005/06.
India is forecast to be the world’s third leading exporter in 2006/07,
increasing an impressive 52 percent over 2005/06. This is driven by a projected
1 million bale increase in production, combined with large beginning stock.
Since 2000/01, India has increased production by more than 9 million bales and
increased exports from 94 thousand bales to the projected 3.8 million.
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
Statistical tables are available in Adobe Acrobat. You may need to GET the Acrobat reader. |
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