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Global Cotton Inventories Rise, Production And Consumption Down In 2019/20

2019/8/14 19:10:00 4

Annual Global Cotton Inventory Output And Consumption

In August 13, 2019, the US Department of Agriculture released the global cotton supply and demand monthly report. In 2019/20, the final inventory increased by 442 thousand tons from last month due to the sharp reduction in global cotton consumption. The increase in the initial period was mainly due to the reduction of 108 thousand tons of global cotton consumption in 2018/19. This month, global cotton production fell by 39 thousand tons in 2019/20, but the increase in inventory and consumption by 261 thousand tons at the beginning of the year were much higher than the reduction in output. Cotton consumption in mainland China, India and Uzbekistan has also been reduced.

About US cotton data: in the month of 2019/20, the US cotton initial inventory, output, export volume and ending inventory were all raised this month. According to NASS's first annual output forecast, US cotton production increased by 2% to 4 million 903 thousand tons in 2019. As cotton planting area and unit yield increased slightly from last month, US cotton output hit the highest level in 14 years. The US cotton stocks increased by 54 thousand tons at the beginning of the year, because the US cotton exports in 2018/19 were lower than expected. US cotton exports increased by 44 thousand tons in 2019/20, and the final inventory increased by 109 thousand tons to 1 million 568 thousand tons. Cotton growers are expected to receive an average price of 60 cents / pound in 2019/20, down 3 cents from last month.

Global cotton supply and demand forecast for USDA2019 August (2019/2020)
Unit: 10000 tons	Aggregate supply			Total consumption		loss	Ending inventory
Unit: 10000 tons	opening inventory	yield	Import volume	Domestic consumption	Export volume	loss	Ending inventory
Global	One thousand seven hundred and forty-seven point seven	Two thousand seven hundred and thirty-four point nine	Nine hundred and fifty-five point eight	Two thousand six hundred and seventy-nine point six	Nine hundred and fifty-four point seven	Eight point seven	One thousand seven hundred and ninety-five point two
U.S.A	One hundred and fourteen point three	Four hundred and ninety point three	Zero point two	Sixty-seven point five	Three hundred and seventy-four point five	Five point nine	One hundred and fifty-six point eight
Five Central Asian countries	Fifty-four point nine	One hundred and fourteen point five	Zero	Eighty-six point nine	Thirty-two point nine	Zero	Forty-nine point nine
African Franc area	Thirty point five	One hundred and thirty point two	Zero	Three	One hundred and twenty-two point eight	Zero	Thirty-four point eight
Australia	Thirty-four point eight	Forty-one point four	Zero	Zero point nine	Thirty-nine point two	Zero	Thirty-six point four
Brazil	Two hundred and sixty-one point one	Two hundred and sixty-one point three	One point seven	Seventy-eight point four	One hundred and seventy-four point two	Zero	Two hundred and seventy-one point five
India	One hundred and ninety-eight point eight	Six hundred and thirty-one point four	Thirty point five	Five hundred and forty-four point three	Ninety-one point four	Zero	Two hundred and twenty-four point nine
Mexico	Fifteen point seven	Thirty-seven	Eighteen point five	Forty-three point five	Twelve	Zero point seven	Fifteen point two
Chinese Mainland	Seven hundred and seventy-four point nine	Six hundred and four point two	Two hundred and twenty-eight point six	Eight hundred and seventy point nine	Two point eight	Zero	Seven hundred and thirty-four
European Union	Five point four	Thirty-seven point two	Fourteen point eight	Fifteen point nine	Thirty-five point five	Zero point seven	Five point four
Turkey	Thirty-six point six	Eighty-nine point three	Sixty-five point three	One hundred and forty-five point nine	Eight point three	Zero	Thirty-seven
Pakistan	Fifty-seven point three	One hundred and seventy-four point two	Sixty-one	Two hundred and thirty-three	Two point two	Zero point seven	Fifty-six point eight
Indonesia	Eleven point one	Zero	Seventy-one point nine	Sixty-nine point seven	Zero point two	Zero	Thirteen point three
Thailand	Four point one	Zero	Twenty-five point seven	Twenty-five	Zero	Zero point seven	Four point one
Bengal	Thirty-eight point eight	Three	One hundred and fifty-eight point nine	One hundred and sixty-one point one	Zero	Zero point two	Thirty-nine point four
Vietnam?	Twenty-four point eight	Zero	One hundred and sixty-nine point eight	One hundred and sixty-five point five	Zero	Zero	Twenty-nine point two