What Is The Market For Cotton Supply And Demand In The US?

After 2012, the US cotton planting area declined, but the yield per unit area varied.

The cotton consumption level of the United States is not high, relatively stable, and its demand is mainly driven by exports. After 2011 years, the US cotton exports began to go downhill in 2006.

The excessively high subsidy policy has made its export advantages strong, and has also led to a series of trade disputes. First, the trade dispute between Brazil and Brazil, which began 2002 years ago, began to dispute with Turkey after the end of the dispute. To a certain extent, it restricted the export of the US cotton, and in recent years, it was affected by the dispute.

Control of China's cotton imports declined, and US cotton exports were also affected.

In 2012, because the India government banned exports to the US cotton company, another 2014 years of India cotton purchase and storage to raise domestic prices and reduce export advantages also gave us cotton an opportunity. We saw that the US cotton exports increased over the past two years, and the rest of the year showed a downward trend.

Under the background of two weak supply and demand, inventory consumption has been on the rise since 2011 years ago.

2014/15 us

Up to 3 million 560 thousand tons, an increase of 26.4% over the same period, with an export volume of 2 million 330 thousand tons, an increase of 6.8% over the previous year, and a total demand of 3 million 270 thousand tons, an increase of 4.2% compared with the same period last year. The end of the stock rose to 810 thousand tons, an increase of 57% over the same period last year, representing a higher level of consumption than the 24.7% level representing supply and demand levels in 2010.

In 2015, the cotton planting area in the United States dropped to 3 million 300 thousand hectares, down 12.8% from the same period last year.

Output was estimated at 2 million 840 thousand tons, down 20.1% from a year ago.

Exports of 2 million 180 thousand tons, down 11.1% year-on-year, total demand of 3 million tons, down 8.3% compared to the same period last year.

Production is less than demand. End of term.

Down to 650 thousand tons, open to stock mode, inventory consumption ratio of 21.8%, less than 24.7% of 2014/15, supply and demand turning point.

2016

Cotton imports are still limited to 89.4 tonnes of tonnes. Other countries, such as Brazil, have slowed down their import momentum, and the overall momentum of export is still insufficient.

At the present stage, the price comparison between the US cotton and other varieties of the same season is relatively moderate. There may not be a greater willingness to reduce seed in the 2016 year, and the supply space may continue to be reduced.

So the US cotton continues to pick up the whole space may be relatively limited, pressure level 67, 77 cents.

Overall, the US cotton stocks are relatively low in history and relatively strong, but the strength of supply and demand in the weak two is still limited.

From the current stage, the export of US cotton is not optimistic. As of November, on the 30 day of the year, 2015/16 cotton exported 4 million 650 thousand packs, down 32.4% from the same period last year, and the weekly export data since mid November showed that its exports slowed down significantly.