Cotton: World Markets and Trade - Cornell University · 2005. 11. 1. · Circular Series FC-11-05...

United States Department of Agriculture Cotton: Foreign Agricultural Service World Markets and Trade Circular Series FC-11-05 November

Mill

ions

of 4

80 lb

. Bal

es

Greece's Cotton Exports Rise, More Competition for U.S. 2.5

2

1.5

1

0.5

0 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06

Years

Production Exports Consumption

Greece is the largest EU cotton producer and the world’s sixth largest cotton exporter. For 2005/06, production is forecast at 1.9 million bales and exportable supplies are forecast to grow to over 2 million bales, the largest since 2000/01. As Greek cotton production continues to increase and domestic consumption shrinks, Greek exports are forecast to reach 1.45 million bales in 2005/06.

Most Greek cotton exports are destined for Turkey, which in 2003/04 absorbed 33 percent of the total quantity exported. In 2004/05, Greek exports to Turkey grew by 20 percent and account for 50 percent of Greek cotton trade. Although the United States is the largest exporter to the Turkish market, Greece has proven to be a competitive force in the region with its expanding exports and close proximity to Turkey.

Greek exports to traditional markets within the European Union have decreased in recent years while Pakistan and China have emerged as Greek customers. After Turkey, Italy is the second largest market for Greek cotton, importing 139,000 bales in 2004/05, down from 348,000 bales in 2000/01. In 2004/05, Pakistan imported 37,000 bales and China imported 34,000 bales. Because of limited production capacity and proximity to the Turkish market, Greek expansion into these markets will likely be limited.

Approved by the World Agricultural Outlook Board

Further Information Contact:

U.S. Department of Agriculture Foreign Agricultural Service

Cotton, Oilseeds, Tobacco, and Seeds Division Stop 1051

1400 Independence Ave., SW Washington, D.C. 20250-1051 Telephone -- (202) 720-9516

Fax -- (202) 690-1171

J. Lawrence Blum, Director Patrick Packnett, Deputy Director for Analysis

James Johnson, Acting Group Leader, Cotton and Tobacco

Principle Contributors

James Johnson.......................................................................................Senior Cotton Analyst [email protected]

Teresa McKeivier.............................................Chairperson for Foreign Area and Production [email protected]

Hooshang Fazel..............................Analyst, Middle East, Sub-continent, and Southeast Asia [email protected]

Keith Scearce ........................................................ Analyst, Europe and Western [email protected]

Morgan Haas ........................................................................ Analyst, Africa and Central Asia [email protected]

Ryan Hajen.................................................................................. Analyst, Mexico and Russia [email protected]

, November 2005

List of Tables

Summary of Changes (1,000 480-lb. bales)................................................................................ 4

Table 1. World Cotton Supply, Use and Trade 2000/01-2005/06 (1,000 metric tons) .... 10 Table 2. World Cotton Supply, Use and Trade 2000/01-2005/06 (1,000 480-lb. bales) . 11 Table 3. FY 2005 GSM-102 and Supplier Credit Programs ............................................ 12 Table 4. Area, Yield, and Production 2004/05-2005/06 .................................................. 13 Table 5. Cotton Supply & Distribution by Country 2005/06 (1,000 480-lb. bales)......... 14 Table 5-A. Cotton Supply & Distribution by Country 2005/06 (1,000 metric tons)............ 16 Table 6. Cotton Supply & Distribution by Country 2004/05 (1,000 480-lb. bales)......... 18 Table 6-A. Cotton Supply & Distribution by Country 2004/05 (1,000 metric tons)............ 20 Table 7. U.S. Export Sales Summary ............................................................................... 22 Table 8. Northern European Cotton and Adjusted World Price....................................... 23 Table 9. World Cotton Production, Yield, Supply, and Utilization ................................. 24 Table 10. United States Cotton Production, Yield, Supply, and Utilization ...................... 25 Table 11. Foreign Cotton Production, Yield, Supply, and Utilization ............................... 26

, November 2005

Summary of Changes in Estimates and Forecasts from Last Month (1,000 480 lb Bales and 1,000 Ha)

Marketing Year Area

Harvested Yield Kg/Ha

Beginning Stocks Production Imports Use Loss Exports

Ending Stocks

Argentina

2004/2005 0 0 0 0 0 20 0 0 -20

2005/2006 0 0 -20 0 50 20 0 0 10

Australia

2005/2006 0 0 0 0 0 0 0 50 -50

Austria

2003/2004 0 0 0 0 4 0 0 0 4

2004/2005 0 0 4 0 28 15 0 0 17

2005/2006 0 0 17 0 -10 0 0 0 7

Azerbaijan; Republic of

2005/2006 0 54 0 25 0 0 0 20 5

Bolivia

1994/1995 -15 327 0 15 -10 0 0 0 5

1995/1996 10 -37 5 19 -5 0 0 5 14

1996/1997 12 -113 14 3 -5 0 0 0 12

1997/1998 0 0 12 0 -5 0 0 0 7

1998/1999 0 0 7 0 -5 0 0 0 2

1999/2000 -1 0 2 -2 0 0 0 0 0

Brazil

2005/2006 -130 -35 0 -850 0 -100 0 250 -1,000

Burkina

2005/2006 0 0 0 0 0 0 0 -25 25

Cameroon

2005/2006 0 38 0 35 0 0 0 25 10

China; Peoples Republic of

2005/2006 0 0 0 0 500 1,000 -500 0 0

Colombia

2004/2005 0 0 0 0 10 0 0 0 10

2005/2006 0 0 10 0 0 0 0 0 10

Egypt

2005/2006 0 -40 0 -50 0 0 0 0 -50

Estonia

2004/2005 0 0 0 0 -5 -5 0 0 0

Germany

2004/2005 0 0 0 0 -9 -10 0 2 -1

2005/2006 0 0 -1 0 0 0 0 0 -1

Greece

2005/2006 20 60 0 200 0 0 0 100 100

, November 2005


Marketing Year Area



Ending Stocks

India

2005/2006 0 0 0 0 0 250 0 0 -250

Italy

2004/2005 0 0 0 0 -28 -10 0 -2 -16

2005/2006 0 0 -16 0 -75 -50 0 0 -41

Mali

2005/2006 0 40 0 100 0 0 0 50 50

Pakistan

2005/2006 0 0 0 0 400 500 0 -125 25

Peru

2004/2005 -6 -6 0 -22 0 -25 0 0 3

2005/2006 0 0 3 0 -25 -10 0 0 -12

Philippines

2004/2005 0 0 0 0 7 10 0 0 -3

2005/2006 0 0 -3 0 0 15 0 0 -18

Poland

2004/2005 0 0 0 0 -35 -30 0 0 -5

2005/2006 0 0 -5 0 -30 -30 0 0 -5

South Africa; Republic of

2005/2006 0 0 0 0 -30 -25 0 0 -5

Spain

2003/2004 0 0 0 0 0 0 0 5 -5

2004/2005 0 0 -5 0 0 0 0 0 -5

2005/2006 0 0 -5 0 0 0 0 0 -5

, November 2005


Marketing Year Area



Ending Stocks

Sri Lanka

1990/1991 0 0 0 0 10 10 0 0 0

1991/1992 0 0 0 0 20 15 0 0 5

1992/1993 0 0 5 0 30 30 0 0 5

1993/1994 0 0 5 0 40 35 0 0 10

1994/1995 0 0 10 0 30 35 0 0 5

1995/1996 0 0 5 0 30 25 0 0 10

1996/1997 0 0 10 0 30 25 0 0 15

1997/1998 0 0 15 0 30 15 0 0 30

1998/1999 0 0 30 0 -59 -40 0 0 11

1999/2000 0 0 11 0 -74 -65 0 1 1

2000/2001 0 0 1 0 -72 -65 0 0 -6

2001/2002 0 0 -6 0 -84 -80 0 0 -10

2002/2003 0 0 -10 0 -80 -80 0 0 -10

2003/2004 0 0 -10 0 -103 -100 0 0 -13

2004/2005 0 0 -13 0 -97 -90 0 0 -20

2005/2006 0 0 -20 0 -85 -90 0 0 -15

Sudan

2005/2006 0 -38 0 -30 0 0 0 -25 -5

Syria

2005/2006 0 0 0 0 0 0 0 -25 25

Tajikistan; Republic of

2005/2006 0 -117 0 -150 0 0 0 -125 -25

Thailand

2003/2004 0 0 0 0 0 0 0 1 -1

2004/2005 0 0 -1 0 0 0 0 2 -3

2005/2006 0 0 -3 0 0 0 0 0 -3

Turkmenistan

2005/2006 0 -18 0 -50 0 0 0 -25 -25

United States

2004/2005 0 0 0 0 0 48 64 0 -112

2005/2006 0 17 -112 444 0 0 32 200 100

, November 2005

2000/20012001/20022002/20032003/20042004/20052005/2006


Marketing Year Area



Ending Stocks

Uruguay

1993/1994 0 0 0 0 10 10 0 0 0

1994/1995 0 0 0 0 20 20 0 0 0

1995/1996 0 0 0 0 15 15 0 1 -1

1996/1997 0 0 -1 0 10 10 0 1 -2

1997/1998 0 0 -2 0 10 10 0 0 -2

1998/1999 0 0 -2 0 0 0 0 0 -2

1999/2000 0 0 -2 0 -7 -7 0 1 -3

2000/2001 0 0 -3 0 -8 -9 0 1 -3

2001/2002 0 0 -3 0 -10 -10 0 1 -4

2002/2003 0 0 -4 0 -9 -9 0 0 -4

2003/2004 0 0 -4 0 -8 -8 0 0 -4

2004/2005 0 0 -4 0 -7 -7 0 0 -4

2005/2006 0 0 -4 0 -7 -7 0 0 -4

Uzbekistan; Republic of

2005/2006 0 90 0 600 0 0 0 250 350

World Total 2000/2001 0 0 -2 0 -80 -74 0 1 -9 2001/2002 0 0 -9 0 -94 -90 0 1 -14 2002/2003 0 0 -14 0 -89 -89 0 0 -14 2003/2004 0 0 -14 0 -107 -108 0 6 -19 2004/2005 -6 0 -19 -22 -136 -84 64 2 -159 2005/2006 -110 4 -159 274 688 1,473 -468 595 -797

Foreign Total 2000/2001 0 0 -2 0 -80 -74 0 1 -9 2001/2002 0 0 -9 0 -94 -90 0 1 -14 2002/2003 0 0 -14 0 -89 -89 0 0 -14 2003/2004 0 0 -14 0 -107 -108 0 6 -19 2004/2005 -6 0 -19 -22 -136 -132 0 2 -47 2005/2006 -110 1 -47 -170 688 1,473 -500 395 -897

, November 2005

Table 1 World Cotton Supply, Use, and Trade

2000/01 - 2005/06 (Season Beginning August 1) In 1,000 Metric Tons

Percent2005/06 2004/05 change 2002/03 2000/01 2001/02 Estimate Forecast 2003/04

Production World China; Peoples Republic of United States India Pakistan Brazil Turkey Uzbekistan; Republic of

Other Use

19,345 4,420 3,742 2,380 1,785

939 784 958

4,337

21,501 5,313 4,421 2,678 1,807

766 865

1,067 4,584

19,215 4,921 3,747 2,308 1,698

847 910

1,002 3,782

20,698 4,855 3,975 3,005 1,687 1,310

893 893

4,081

26,216 6,314 5,062 4,137 2,460 1,285

904 1,132 4,922

24,323 5,334 5,043 4,137 2,068 1,034

806 1,219

4,681

-7.2% -15.5% -0.4% 0.0%

-15.9% -19.5% -10.8%

7.7% 7.9%

World China; Peoples Republic of India Pakistan United States Turkey Brazil Indonesia

Other Imports

20,067 5,117 2,949 1,764 1,929 1,125

914 533

5,735

20,536 5,715 2,890 1,851 1,676 1,339

827 501

5,736

21,404 6,510 2,896 2,047 1,584 1,372

784 490

5,723

21,357 6,967 2,939 2,090 1,354 1,350

860 468

5,327

23,659 8,382 3,266 2,341 1,420 1,524

914 490

5,321

24,908 9,253 3,647 2,558 1,306 1,535

871 501

5,236

5.3% 10.4% 11.7% 9.3%

-8.0% 0.7%

-4.8% 2.2%

-6.9%

World China; Peoples Republic of Turkey Indonesia Pakistan Thailand Bangladesh Russian Federation

Other Exports

5,707 50

383 577

98 342 218 359

3,680

6,414 98

648 513 218 410 261 392

3,874

6,556 681 493 485 185 423 348 359

3,581

7,383 1,923

516 468 403 365 335 321

3,051

7,159 1,390

742 523 305 497 370 316

3,017

9,017 3,484

729 501 435 468 381 316

2,703

26.0% 150.6%

-1.7% -4.2% 42.9% -5.8% 2.9% 0.0%

-14.8%

World United States Uzbekistan; Republic of Australia Greece Brazil Burkina India

Other Ending Stocks

5,746 1,467

751 850 310

69 113

20 2,166

6,315 2,395

762 681 218 147 142 13

1,958

6,601 2,591

740 578 250 106 158 12

2,165

7,220 2,995

675 470 267 210 207 136

2,260

7,612 3,137

860 436 250 339 212 174

2,202

8,887 3,527

969 621 316 435 245 392

2,382

16.8% 12.4% 12.7% 42.4% 26.1% 28.5% 15.4%

125.0% 4.4%

World 10,184 11,347 9,217 8,839 11,066 10,926 -1.3% China; Peoples Republic of 4,021 3,772 2,852 2,789 2,300 2,186 -5.0% Brazil 646 526 627 1,007 1,106 899 -18.7% India 821 1,116 781 884 1,755 2,027 15.5% United States 1,306 1,622 1,172 763 1,206 1,415 17.4% Pakistan 576 710 491 442 741 627 -15.4% Uzbekistan; Republic of 145 200 222 201 283 337 19.3% Australia 455 496 283 195 425 341 -19.7%

Other 2,213 2,906 2,789 2,558 3,250 3,093 -8.3%

, November 2005

Table 2 World Cotton Supply, Use, and Trade

2000/01 - 2005/06 (Season Beginning August 1) In 1,000 480 Lb. Bales

2000/01 2001/02 2002/03 2003/04 2005/06

Estimate Forecast 2004/05 Percent

change

Production World China; Peoples Republic of United States India Pakistan Brazil Turkey Uzbekistan; Republic of

Other Use

88,850 20,300 17,188 10,931 8,200 4,312 3,600 4,400

19,919

98,751 24,400 20,303 12,300 8,300 3,519 3,975 4,900

21,054

88,251 22,600 17,209 10,600 7,800 3,890 4,179 4,600

17,373

95,062 22,300 18,255 13,800

7,750 6,015 4,100 4,100

18,742

120,407 29,000 23,251 19,000 11,300 5,900 4,150 5,200

22,606

111,713 24,500 23,161 19,000 9,500 4,750 3,700 5,600

21,502

-7.2% -15.5% -0.4% 0.0%

-15.9% -19.5% -10.8%

7.7% 7.9%

World China; Peoples Republic of India Pakistan United States Turkey Brazil Indonesia

Other Imports

92,164 23,500 13,544 8,100 8,862 5,167 4,200 2,450

26,341

94,318 26,250 13,275 8,500 7,696 6,150 3,800 2,300

26,347

98,307 29,900 13,300 9,400 7,273 6,300 3,600 2,250

26,284

98,090 32,000 13,500

9,600 6,221 6,200 3,950 2,150

24,469

108,662 38,500 15,000 10,750 6,523 7,000 4,200 2,250

24,439

114,399 42,500 16,750 11,750 6,000 7,050 4,000 2,300

24,049

5.3% 10.4% 11.7% 9.3%

-8.0% 0.7%

-4.8% 2.2%

-6.9%

World China; Peoples Republic of Turkey Indonesia Pakistan Thailand Bangladesh Russian Federation

Other Exports

26,213 230

1,758 2,650

450 1,573 1,000 1,650

16,902

29,458 449

2,977 2,356 1,000 1,882 1,200 1,800

17,794

30,112 3,127 2,265 2,228

850 1,945 1,600 1,650

16,447

33,908 8,832 2,370 2,150 1,850 1,678 1,540 1,475

14,013

32,882 6,385 3,409 2,400 1,400 2,282 1,700 1,450

13,856

41,416 16,000 3,350 2,300 2,000 2,150 1,750 1,450

12,416

26.0% 150.6%

-1.7% -4.2% 42.9% -5.8% 2.9% 0.0%

-14.8%

World United States Uzbekistan; Republic of Australia Greece Brazil Burkina India

Other Ending Stocks

26,393 6,740 3,450 3,903 1,424

315 520

94 9,947

29,006 11,000 3,500 3,130 1,000

674 650 60

8,992

30,320 11,900 3,400 2,655 1,150

489 725 56

9,945

33,161 13,758

3,100 2,157 1,225

964 950 625

10,382

34,959 14,409 3,950 2,002 1,150 1,557

975 800

10,116

40,815 16,200

4,450 2,850 1,450 2,000 1,125 1,800

10,940

16.8% 12.4% 12.7% 42.4% 26.1% 28.5% 15.4%

125.0% 4.4%

World 46,776 52,117 42,332 40,596 50,825 50,183 -1.3% China; Peoples Republic of 18,466 17,323 13,099 12,808 10,563 10,038 -5.0% Brazil 2,968 2,416 2,880 4,626 5,081 4,131 -18.7% India 3,773 5,126 3,586 4,061 8,061 9,311 15.5% United States 6,000 7,448 5,385 3,506 5,538 6,500 17.4% Pakistan 2,646 3,261 2,255 2,030 3,405 2,880 -15.4% Uzbekistan; Republic of 668 918 1,018 923 1,298 1,548 19.3% Australia 2,089 2,276 1,301 894 1,953 1,568 -19.7%

Other 10,166 13,349 12,808 11,748 14,926 14,207 -8.3%

, November 2005

Table 3

FY 2006 GSM-102 Export Credit Guarantees Summary (Million $U.S.)

FY 2006 YTD FY 2006 FY 2005

Country (months)

Total for all Commodities Cotton Reg 1/, 2/ Cotton Reg 1/, 3/

Announced Allocation

Application received Balance YTD YTD Total

Central America 4/ - - - - N/A 12.10 India (36) 25.00 - 25.00 - N/A 0.00 Indonesia - - - - N/A -South Korea (36) 400.00 9.70 390.30 1.00 N/A 58.90 Mexico (36) 200.00 - 200.00 - N/A 41.40 South America Region 6/ - - - - N/A 20.80 Turkey - - - N/A 200.40 Other 1,180.00 33.20 1,146.80 - N/A 22.20 TOTAL 1,805.00 42.90 1,762.10 1.00 N/A 355.80

FY 2006 Supplier Credit Guarantee Program (SCGP) Activity Summary (Million $ U.S.)

FY 2006 YTD FY 2006 FY 2005

Country (days)

Total for all Commodities Cotton Reg 1/, 2/ Cotton Reg 1/, 3/

Announced Allocation

Application received Balance YTD YTD Total

Central America 4/ - - - - N/A -India - - - N/A -Mexico - - - N/A 18.90 Middle East Region 5/ - - - - N/A 0.61 South America Region 6/ - - - - N/A 7.43 Turkey - - - N/A -Caribbean Region 7/ - - - - N/A -Other - - - - N/A -TOTAL - - - - N/A 26.94

1/ Includes Cotton, Cotton Linters, Cotton Yarn, and Cotton Fabric.2/ Total Cotton Registrations includes registrations and/or cancellations from Oct 1, 2005.3/ Total Cotton Registrations includes registrations and/or cancellations from Oct 1, 2004.4/ Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama5/ Bahrain, Egypt, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, United Arab Emirates6/ Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Peru, and Venezuela

7/ Barbados, British Virgin Islands, Cayman Islands, Dominican Republic, Grenada, Haiti, Jamaica, Netherlands Antilles, St. Lucia, St. Vincent and the Grenadines, and Trinidad and Tobago NOTES:The FY 2006 allocations for the SCGP have not been announced as of November 10, 2005. Registrations current as of October 28, 2005 Nov-05

, November 2005

Table 4 Cotton Area, Yield, and Production

World and Selected Countries and Regions Area (1,000 Ha) Yield (KG/Ha) Production (1,000 Bales)

2004/2005 2005/2006 2004/2005 2005/2006 2004/2005 2005/2006

Western Hemisphere United States 5,284 5,533 958 911 23,251 23,161 Brazil 1,172 900 1,096 1,149 5,900 4,750 Mexico 105 130 1,296 1,256 625 750 Argentina 374 335 393 422 675 650 Paraguay 215 250 304 348 300 400 Peru 94 100 690 697 298 320 Colombia 65 75 804 755 240 260 Others 58 58 556 556 148 148 Total 7,367 7,381 929 898 31,437 30,439

Europe EU 466 476 1,075 1,098 2,301 2,401

Greece 375 385 1,045 1,074 1,800 1,900 Spain 90 90 1,210 1,210 500 500

Others 4 4 653 653 12 12 Total 470 480 1,071 1,095 2,313 2,413

Africa FZA 2,610 2,480 408 419 4,885 4,770

Mali 533 540 449 464 1,100 1,150 Burkina 550 550 467 455 1,180 1,150 Benin 300 325 486 419 670 625 Cote d'Ivoire 300 265 435 468 600 570 Cameroon 220 200 495 544 500 500 Chad 425 350 192 218 375 350 Togo 200 180 354 381 325 315 Senegal 42 40 518 490 100 90

Egypt 307 270 945 887 1,332 1,100 Tanzania; United R 500 500 229 239 525 550 Nigeria 380 380 241 241 420 420 Sudan 210 170 544 474 525 370 Zimbabwe 330 330 231 231 350 350 Zambia 375 350 203 218 350 350 Uganda 400 375 109 131 200 225 Mozambique 155 155 155 155 110 110 South Africa; Repu 26 30 796 689 95 95 Malawi 47 47 417 417 90 90 Others 213 213 237 247 232 242 Total 5,553 5,300 357 356 9,114 8,672

Asia and OceaniaChina; Peoples Re 5,690 5,100 1,110 1,046 29,000 24,500 India 9,000 9,300 460 445 19,000 19,000 Pakistan 3,190 3,150 771 657 11,300 9,500 FSU 2,638 2,675 664 672 8,040 8,260

Uzbekistan; Rep 1,456 1,450 778 841 5,200 5,600 Turkmenistan 550 600 376 345 950 950 Kazakhstan; Re 216 200 685 680 680 625 Tajikistan; Repu 290 280 601 467 800 600 Azerbaijan; Rep 80 100 612 653 225 300 Kyrgyzstan; Rep 46 45 876 895 185 185

Turkey 700 630 1,291 1,279 4,150 3,700 Australia 314 285 2,080 1,833 3,000 2,400 Syria 234 212 1,489 1,463 1,600 1,425 Iran 167 158 802 799 615 580 Burma; Union of 300 300 196 196 270 270 Afghanistan 50 50 370 370 85 85 Israel 14 10 1,851 1,742 119 80 Others 183 193 433 439 364 389 Total 22,480 22,063 751 693 77,543 70,189

Foreign Total 30,586 29,691 692 649 97,156 88,552

World Total 35,870 35,224 731 691 120,407 111,713

, November 2005

Table 5

2005/2006Cotton Production, Supply and Distribution by Country

(1,000 480 lb Bales) MY

Afghanistan Beg. Stocks UseTotal Supply Imports Production

13 85 0 98 70 Loss

0 Exports

15 End. Stocks

13 Albania 7 1 34 42 35 0 0 7 Algeria 11 0 40 51 45 0 0 6 Angola 2 5 3 10 5 0 3 2 Argentina 573 650 125 1,348 640 9 100 599 Armenia; Republic of 1 0 1 2 1 0 0 1 Australia 1,953 2,400 0 4,353 60 -125 2,850 1,568 Austria 32 0 110 142 115 0 6 21 Azerbaijan; Republic of 110 300 0 410 25 0 250 135 Bahrain 15 0 75 90 75 0 1 14 Bangladesh 346 70 1,750 2,166 1,800 5 0 361 Belarus 10 0 35 45 40 0 0 5 Belgium-Luxembourg 22 0 175 197 100 0 80 17 Benin 271 625 0 896 10 0 650 236 Bolivia 35 48 15 98 60 0 5 33 Brazil 5,081 4,750 200 10,031 4,000 -100 2,000 4,131 Bulgaria 31 10 60 101 80 0 0 21 Burkina 397 1,150 0 1,547 4 0 1,125 418 Burma; Union of 77 270 3 350 200 0 75 75 Cambodia 6 0 20 26 20 0 0 6 Cameroon 170 500 0 670 45 0 450 175 Canada 90 0 325 415 335 0 5 75 Central African Republic 10 15 0 25 5 0 15 5 Chad 123 350 0 473 15 0 325 133 Chile 22 0 65 87 70 0 0 17 China; Peoples Republic of 10,563 24,500 16,000 51,063 42,500 -1,500 25 10,038 Colombia 68 260 160 488 400 5 10 73 Congo; Democratic Rep of the 5 15 15 35 30 0 0 5 Costa Rica 1 1 2 4 3 0 0 1 Cote d'Ivoire 358 570 0 928 50 0 550 328 Croatia 4 0 10 14 10 0 0 4 Cuba 7 4 40 51 45 0 0 6 Cyprus 1 0 2 3 2 0 0 1 Czech Republic 36 0 200 236 200 0 5 31 Denmark 1 0 1 2 1 0 0 1 Dominican Republic 2 3 5 10 8 0 0 2 Ecuador 17 9 45 71 60 0 0 11 Egypt 770 1,100 550 2,420 1,000 13 700 707 El Salvador 26 1 90 117 90 0 0 27 Estonia 9 0 60 69 60 0 0 9 Ethiopia 17 70 0 87 60 0 10 17 France 38 0 200 238 180 0 30 28 Germany 30 0 350 380 260 0 80 40 Ghana 10 40 0 50 15 0 20 15 Greece 500 1,900 20 2,420 400 50 1,450 520 Guatemala 26 3 125 154 125 0 0 29 Guinea 7 14 0 21 0 0 15 6 Haiti 2 5 4 11 10 0 0 1 Honduras 3 4 11 18 15 0 0 3 Hong Kong 60 0 320 380 300 0 25 55 Hungary 4 0 21 25 20 1 0 4 India 8,061 19,000 800 27,861 16,750 0 1,800 9,311 Indonesia 478 32 2,300 2,810 2,300 50 20 440 Iran 180 580 25 785 550 0 75 160 Iraq 19 30 70 119 100 0 0 19 Ireland 1 0 1 2 1 0 0 1 Israel 62 80 5 147 5 0 95 47 Italy 147 0 800 947 800 10 15 122 Japan 141 0 775 916 785 0 0 131 Kazakhstan; Republic of 148 625 0 773 50 0 575 148 Kenya 10 20 40 70 55 0 5 10 Korea; Democratic Peoples R 10 55 10 75 65 0 0 10 Korea; Republic of 420 1 1,250 1,671 1,250 10 10 401 Kyrgyzstan; Republic of 37 185 0 222 5 0 180 37 Latvia 4 0 10 14 10 0 0 4 Lebanon 1 0 3 4 3 0 0 1 Lithuania 4 0 15 19 20 0 0 -1 Macedonia, Republic of 2 1 5 8 6 0 0 2 Madagascar 11 60 0 71 50 0 10 11 Malawi 92 90 0 182 10 0 90 82

, November 2005

48

124

Table 5 Cotton Production, Supply and Distribution by Country

MY 2005/2006(1,000 480 lb Bales)

Beg. Stocks Production Imports Total Supply Use Loss Exports End. Stocks Malaysia 39 0 250 289 250 0 0 39 Mali 387 1,150 0 1,537 20 0 1,100 417 Mauritius 14 0 65 79 65 0 0 14 Mexico 1,369 750 1,200 3,319 1,900 25 200 1,194 Moldova; Republic of 4 0 10 14 10 0 0 4 Morocco 30 1 150 181 150 0 0 31 Mozambique 43 110 5 158 10 0 100 Netherlands 3 0 5 8 5 0 1 2 Nicaragua 2 10 0 12 1 0 9 2 Niger 3 5 0 8 4 0 1 3 Nigeria 144 420 45 609 360 0 125 Norway 0 0 0 0 0 0 0 Pakistan 3,405 9,500 2,000 14,905 11,750 25 250 2,880 Panama 1 0 3 4 3 0 0 Paraguay 102 400 0 502 30 0 350 Peru 322 320 75 717 440 0 10 267 Philippines 51 12 150 213 165 0 0 48 Poland 19 0 200 219 200 0 1 18 Portugal 98 1 275 374 300 0 2 72 Romania 32 0 50 82 60 0 0 22 Russian Federation 222 0 1,450 1,672 1,450 0 0 222 Senegal 36 90 0 126 20 0 70 Serbia and Montenegro 2 0 8 10 8 0 0 2 Singapore 8 0 55 63 0 0 55 Slovakia 2 0 10 12 10 0 0 Slovenia 12 0 45 57 45 0 0 12 Somalia 1 7 5 13 12 0 0 South Africa; Republic of 68 95 120 283 225 0 0 58 Spain 174 500 65 739 260 0 300 Sri Lanka 1 5 5 11 10 0 0 1 Sudan 310 370 0 680 8 0 425 Sweden 1 0 1 2 1 0 0 Switzerland 10 0 40 50 40 0 0 10 Syria 499 1,425 0 1,924 725 0 700 Taiwan 488 0 1,225 1,713 1,250 0 0 463 Tajikistan; Republic of 195 600 0 795 150 0 475 Tanzania; United Republic of 232 550 0 782 70 0 450 Thailand 580 54 2,150 2,784 2,175 25 1 583 Togo 147 315 0 462 15 0 300 Tunisia 13 10 100 123 110 0 0 13 Turkey 1,685 3,700 3,350 8,735 7,050 0 150 1,535 Turkmenistan 559 950 0 1,509 425 0 550 Uganda 135 225 0 360 20 0 175 Ukraine 19 0 60 79 65 0 0 14 United Kingdom 13 0 85 98 85 0 0 13 United States 5,538 23,161 40 28,739 6,000 39 16,200 6,500 Uruguay 1 0 3 4 3 0 0 Uzbekistan; Republic of 1,298 5,600 0 6,898 900 0 4,450 1,548 Venezuela 34 60 40 134 100 0 0 34 Vietnam 188 65 700 953 750 0 0 203 Yemen 9 65 0 74 25 0 40 Zambia 315 350 0 665 65 0 325 275 Zimbabwe 161 350 0 511 90 15 250

World Total 50,825 111,713 41,416 203,954 114,399 -1,443 40,815 50,183

* Loss for countries outside the Unitd States reflects cotton lost or destroyed while in the marketing channel. For the United States, loss reflects the difference between stocks as reported by the Bureau of the Census and implict stocks based on supply plus total use. A negative "loss" is a positive number.

, November 2005

0

1 122

36

8 2

1

179

247 1

499

170 262

147

534 165

1

9

156

Table 5A


1,000 Metric Tons MY


3 19 0 21 15 Loss

0 Exports

3 End. Stocks

3 Albania 2 0 7 9 8 0 0 2 Algeria 2 0 9 11 10 0 0 1 Angola 0 1 1 2 1 0 1 0 Argentina 125 142 27 293 139 2 22 130 Armenia; Republic of 0 0 0 0 0 0 0 0 Australia 425 523 0 948 13 -27 621 341 Austria 7 0 24 31 25 0 1 5 Azerbaijan; Republic of 24 65 0 89 5 0 54 29 Bahrain 3 0 16 20 16 0 0 3 Bangladesh 75 15 381 472 392 1 0 79 Belarus 2 0 8 10 9 0 0 1 Belgium-Luxembourg 5 0 38 43 22 0 17 4 Benin 59 136 0 195 2 0 142 51 Bolivia 8 10 3 21 13 0 1 7 Brazil 1,106 1,034 44 2,184 871 -22 435 899 Bulgaria 7 2 13 22 17 0 0 5 Burkina 86 250 0 337 1 0 245 91 Burma; Union of 17 59 1 76 44 0 16 16 Cambodia 1 0 4 6 4 0 0 1 Cameroon 37 109 0 146 10 0 98 38 Canada 20 0 71 90 73 0 1 16 Central African Republic 2 3 0 5 1 0 3 1 Chad 27 76 0 103 3 0 71 29 Chile 5 0 14 19 15 0 0 4 China; Peoples Republic of 2,300 5,334 3,484 11,118 9,253 -327 5 2,186 Colombia 15 57 35 106 87 1 2 16 Congo; Democratic Rep of the 1 3 3 8 7 0 0 1 Costa Rica 0 0 0 1 1 0 0 0 Cote d'Ivoire 78 124 0 202 11 0 120 71 Croatia 1 0 2 3 2 0 0 1 Cuba 2 1 9 11 10 0 0 1 Cyprus 0 0 0 1 0 0 0 0 Czech Republic 8 0 44 51 44 0 1 7 Denmark 0 0 0 0 0 0 0 0 Dominican Republic 0 1 1 2 2 0 0 0 Ecuador 4 2 10 15 13 0 0 2 Egypt 168 239 120 527 218 3 152 154 El Salvador 6 0 20 25 20 0 0 6 Estonia 2 0 13 15 13 0 0 2 Ethiopia 4 15 0 19 13 0 2 4 France 8 0 44 52 39 0 7 6 Germany 7 0 76 83 57 0 17 9 Ghana 2 9 0 11 3 0 4 3 Greece 109 414 4 527 87 11 316 113 Guatemala 6 1 27 34 27 0 0 6 Guinea 2 3 0 5 0 0 3 1 Haiti 0 1 1 2 2 0 0 0 Honduras 1 1 2 4 3 0 0 1 Hong Kong 13 0 70 83 65 0 5 12 Hungary 1 0 5 5 4 0 0 1 India 1,755 4,137 174 6,066 3,647 0 392 2,027 Indonesia 104 7 501 612 501 11 4 96 Iran 39 126 5 171 120 0 16 35 Iraq 4 7 15 26 22 0 0 4 Ireland 0 0 0 0 0 0 0 0 Israel 13 17 1 32 1 0 21 10 Italy 32 0 174 206 174 2 3 27 Japan 31 0 169 199 171 0 0 29 Kazakhstan; Republic of 32 136 0 168 11 0 125 32 Kenya 2 4 9 15 12 0 1 2 Korea; Democratic Peoples R 2 12 2 16 14 0 0 2 Korea; Republic of 91 0 272 364 272 2 2 87 Kyrgyzstan; Republic of 8 40 0 48 1 0 39 8 Latvia 1 0 2 3 2 0 0 1 Lebanon 0 0 1 1 1 0 0 0 Lithuania 1 0 3 4 4 0 0 0 Macedonia, Republic of 0 0 1 2 1 0 0 0 Madagascar 2 13 0 15 11 0 2 2 Malawi 20 20 0 40 2 0 20 18

, November 2005

Table 5A Cotton Production, Supply and Distribution by Country

MY 2005/20061,000 Metric Tons

Beg. Stocks Production Imports Total Supply Use Loss Exports End. Stocks Malaysia 8 0 54 63 54 0 0 8 Mali 84 250 0 335 4 0 239 91 Mauritius 3 0 14 17 14 0 0 3 Mexico 298 163 261 723 414 5 44 260 Moldova; Republic of 1 0 2 3 2 0 0 1 Morocco 7 0 33 39 33 0 0 7 Mozambique 9 24 1 34 2 0 22 10 Netherlands 1 0 1 2 1 0 0 0 Nicaragua 0 2 0 3 0 0 2 0 Niger 1 1 0 2 1 0 0 1 Nigeria 31 91 10 133 78 0 27 27 Norway 0 0 0 0 0 0 0 Pakistan 741 2,068 435 3,245 2,558 5 54 627 Panama 0 0 1 1 1 0 0 Paraguay 22 87 0 109 7 0 76 Peru 70 70 16 156 96 0 2 58 Philippines 11 3 33 46 36 0 0 10 Poland 4 0 44 48 44 0 0 Portugal 21 0 60 81 65 0 0 16 Romania 7 0 11 18 13 0 0 5 Russian Federation 48 0 316 364 316 0 0 48 Senegal 8 20 0 27 4 0 15 Serbia and Montenegro 0 0 2 2 2 0 0 0 Singapore 2 0 12 14 0 0 12 Slovakia 0 0 2 3 2 0 0 Slovenia 3 0 10 12 10 0 0 Somalia 0 2 1 3 3 0 0 South Africa; Republic of 15 21 26 62 49 0 0 13 Spain 38 109 14 161 57 0 65 Sri Lanka 0 1 1 2 2 0 0 0 Sudan 67 81 0 148 2 0 93 Sweden 0 0 0 0 0 0 0 Switzerland 2 0 9 11 9 0 0 2 Syria 109 310 0 419 158 0 152 Taiwan 106 0 267 373 272 0 0 101 Tajikistan; Republic of 42 131 0 173 33 0 103 Tanzania; United Republic of 51 120 0 170 15 0 98 Thailand 126 12 468 606 474 5 0 127 Togo 32 69 0 101 3 0 65 Tunisia 3 2 22 27 24 0 0 3 Turkey 367 806 729 1,902 1,535 0 33 334 Turkmenistan 122 207 0 329 93 0 120 Uganda 29 49 0 78 4 0 38 Ukraine 4 0 13 17 14 0 0 3 United Kingdom 3 0 19 21 19 0 0 United States 1,206 5,043 9 6,257 1,306 8 3,527 1,415 Uruguay 0 0 1 1 1 0 0 Uzbekistan; Republic of 283 1,219 0 1,502 196 0 969 Venezuela 7 13 9 29 22 0 0 Vietnam 41 14 152 207 163 0 0 44 Yemen 2 14 0 16 5 0 9 Zambia 69 76 0 145 14 0 71 Zimbabwe 35 76 0 111 20 3 54

World Total 11,066 24,323 9,017 44,406 24,908 -314 8,887 10,926


, November 2005

0

0 27

4

8

2 0 3 0

39

54 0

109

37 57

32

116 36

3

0 337

7

2 60 34

Table 6


(1,000 480 lb Bales) MY


13 85 0 98 70 Loss

0 Exports

15 End. Stocks

13 Albania 7 1 34 42 35 0 0 7 Algeria 4 0 52 56 45 0 0 11 Angola 4 5 3 12 5 0 5 2 Argentina 515 675 110 1,300 620 9 98 573 Armenia; Republic of 1 0 1 2 1 0 0 1 Australia 894 3,000 1 3,895 65 -125 2,002 1,953 Austria 17 0 151 168 130 0 6 32 Azerbaijan; Republic of 70 225 0 295 25 0 160 110 Bahrain 16 0 75 91 75 0 1 15 Bangladesh 316 60 1,700 2,076 1,725 5 0 346 Belarus 15 0 45 60 50 0 0 10 Belgium-Luxembourg 11 0 205 216 115 0 79 22 Benin 186 670 0 856 10 0 575 271 Bolivia 27 48 25 100 60 0 5 35 Brazil 4,626 5,900 212 10,738 4,200 -100 1,557 5,081 Bulgaria 26 10 75 111 80 0 0 31 Burkina 196 1,180 0 1,376 4 0 975 397 Burma; Union of 64 270 3 337 210 0 50 77 Cambodia 6 0 20 26 20 0 0 6 Cameroon 115 500 0 615 45 0 400 170 Canada 87 0 365 452 360 0 2 90 Central African Republic 10 30 0 40 5 0 25 10 Chad 63 375 0 438 15 0 300 123 Chile 15 0 77 92 70 0 0 22 China; Peoples Republic of 12,808 29,000 6,385 48,193 38,500 -900 30 10,563 Colombia 103 240 141 484 400 5 11 68 Congo; Democratic Rep of the 5 15 15 35 30 0 0 5 Costa Rica 1 1 2 4 3 0 0 1 Cote d'Ivoire 323 600 0 923 65 0 500 358 Croatia 3 0 10 13 9 0 0 4 Cuba 8 4 40 52 45 0 0 7 Cyprus 1 0 2 3 2 0 0 1 Czech Republic 36 0 230 266 220 0 10 36 Denmark 1 0 1 2 1 0 0 1 Dominican Republic 2 3 5 10 8 0 0 2 Ecuador 16 9 57 82 65 0 0 17 Egypt 601 1,332 400 2,333 950 13 600 770 El Salvador 25 1 95 121 95 0 0 26 Estonia 12 0 67 79 70 0 0 9 Ethiopia 17 70 0 87 60 0 10 17 France 44 0 242 286 215 0 33 38 Germany 21 0 371 392 280 0 82 30 Ghana 10 30 10 50 30 0 10 10 Greece 390 1,800 10 2,200 500 50 1,150 500 Guatemala 22 3 115 140 110 0 4 26 Guinea 10 14 0 24 0 0 17 7 Haiti 3 5 4 12 10 0 0 2 Honduras 3 4 11 18 15 0 0 3 Hong Kong 72 0 318 390 300 0 30 60 Hungary 7 0 27 34 25 1 4 4 India 4,061 19,000 800 23,861 15,000 0 800 8,061 Indonesia 366 32 2,400 2,798 2,250 50 20 478 Iran 115 615 50 780 550 0 50 180 Iraq 19 30 70 119 100 0 0 19 Ireland 1 0 1 2 1 0 0 1 Israel 43 119 5 167 5 0 100 62 Italy 143 0 962 1,105 925 10 23 147 Japan 141 0 815 956 815 0 0 141 Kazakhstan; Republic of 133 680 0 813 40 0 625 148 Kenya 10 20 40 70 55 0 5 10 Korea; Democratic Peoples R 10 55 10 75 65 0 0 10 Korea; Republic of 409 1 1,344 1,754 1,325 0 9 420 Kyrgyzstan; Republic of 32 185 0 217 5 0 175 37 Latvia 4 0 15 19 15 0 0 4 Lebanon 1 0 3 4 3 0 0 1 Lithuania 7 0 24 31 25 0 2 4 Macedonia, Republic of 2 1 5 8 6 0 0 2 Madagascar 11 60 0 71 50 0 10 11 Malawi 102 90 0 192 10 0 90 92

, November 2005

43

144

Table 6 Cotton Production, Supply and Distribution by Country

MY 2004/2005(1,000 480 lb Bales)

Beg. Stocks Production Imports Total Supply Use Loss Exports End. Stocks Malaysia 36 0 254 290 250 0 1 39 Mali 257 1,100 0 1,357 20 0 950 387 Mauritius 19 0 65 84 65 0 5 14 Mexico 1,144 625 1,810 3,579 2,050 25 135 1,369 Moldova; Republic of 4 0 10 14 10 0 0 4 Morocco 29 1 150 180 150 0 0 30 Mozambique 38 110 5 153 10 0 100 Netherlands 4 0 10 14 8 0 3 3 Nicaragua 2 10 0 12 1 0 9 2 Niger 3 5 0 8 4 0 1 3 Nigeria 129 420 70 619 375 0 100 Norway 0 0 0 0 0 0 0 Pakistan 2,030 11,300 1,400 14,730 10,750 25 550 3,405 Panama 1 0 3 4 3 0 0 Paraguay 129 300 0 429 30 0 297 Peru 226 298 221 745 415 0 8 322 Philippines 43 11 157 211 160 0 0 51 Poland 15 0 205 220 200 0 1 19 Portugal 99 1 325 425 325 0 2 98 Romania 40 0 77 117 85 0 0 32 Russian Federation 197 0 1,450 1,647 1,425 0 0 222 Senegal 26 100 0 126 20 0 70 Serbia and Montenegro 4 0 8 12 10 0 0 2 Singapore 8 0 55 63 0 0 55 Slovakia 4 0 15 19 10 0 7 Slovenia 11 0 47 58 45 0 1 12 Somalia 1 7 5 13 12 0 0 South Africa; Republic of 98 95 124 317 249 0 0 68 Spain 114 500 75 689 280 0 235 Sri Lanka 3 5 3 11 10 0 0 1 Sudan 78 525 0 603 9 0 284 Sweden 2 0 1 3 2 0 0 Switzerland 13 0 47 60 45 0 5 10 Syria 299 1,600 0 1,899 700 0 700 Taiwan 351 0 1,337 1,688 1,200 0 0 488 Tajikistan; Republic of 157 800 0 957 150 0 612 Tanzania; United Republic of 152 525 0 677 70 0 375 Thailand 418 57 2,282 2,757 2,150 25 2 580 Togo 122 325 0 447 15 0 285 Tunisia 13 10 100 123 110 0 0 13 Turkey 1,278 4,150 3,409 8,837 7,000 0 152 1,685 Turkmenistan 399 950 0 1,349 415 0 375 Uganda 80 200 0 280 20 15 110 Ukraine 13 0 66 79 60 0 0 19 United Kingdom 15 0 83 98 85 0 0 13 United States 3,506 23,251 29 26,786 6,523 316 14,409 5,538 Uruguay 1 0 3 4 3 0 0 Uzbekistan; Republic of 923 5,200 0 6,123 875 0 3,950 1,298 Venezuela 29 60 45 134 100 0 0 34 Vietnam 135 48 680 863 675 0 0 188 Yemen 9 65 0 74 25 0 40 Zambia 255 350 0 605 65 0 225 315 Zimbabwe 176 350 0 526 100 15 250

World Total 40,596 120,407 32,882 193,885 108,662 -561 34,959 50,825


, November 2005

0

1 102

36

8 2

1

174

310 1

499

195 232

147

559 135

1

9

161

Table 6A


1,000 Metric Tons MY


3 19 0 21 15 Loss

0 Exports

3 End. Stocks

3 Albania 2 0 7 9 8 0 0 2 Algeria 1 0 11 12 10 0 0 2 Angola 1 1 1 3 1 0 1 0 Argentina 112 147 24 283 135 2 21 125 Armenia; Republic of 0 0 0 0 0 0 0 0 Australia 195 653 0 848 14 -27 436 425 Austria 4 0 33 37 28 0 1 7 Azerbaijan; Republic of 15 49 0 64 5 0 35 24 Bahrain 3 0 16 20 16 0 0 3 Bangladesh 69 13 370 452 376 1 0 75 Belarus 3 0 10 13 11 0 0 2 Belgium-Luxembourg 2 0 45 47 25 0 17 5 Benin 40 146 0 186 2 0 125 59 Bolivia 6 10 5 22 13 0 1 8 Brazil 1,007 1,285 46 2,338 914 -22 339 1,106 Bulgaria 6 2 16 24 17 0 0 7 Burkina 43 257 0 300 1 0 212 86 Burma; Union of 14 59 1 73 46 0 11 17 Cambodia 1 0 4 6 4 0 0 1 Cameroon 25 109 0 134 10 0 87 37 Canada 19 0 79 98 78 0 0 20 Central African Republic 2 7 0 9 1 0 5 2 Chad 14 82 0 95 3 0 65 27 Chile 3 0 17 20 15 0 0 5 China; Peoples Republic of 2,789 6,314 1,390 10,493 8,382 -196 7 2,300 Colombia 22 52 31 105 87 1 2 15 Congo; Democratic Rep of the 1 3 3 8 7 0 0 1 Costa Rica 0 0 0 1 1 0 0 0 Cote d'Ivoire 70 131 0 201 14 0 109 78 Croatia 1 0 2 3 2 0 0 1 Cuba 2 1 9 11 10 0 0 2 Cyprus 0 0 0 1 0 0 0 0 Czech Republic 8 0 50 58 48 0 2 8 Denmark 0 0 0 0 0 0 0 0 Dominican Republic 0 1 1 2 2 0 0 0 Ecuador 3 2 12 18 14 0 0 4 Egypt 131 290 87 508 207 3 131 168 El Salvador 5 0 21 26 21 0 0 6 Estonia 3 0 15 17 15 0 0 2 Ethiopia 4 15 0 19 13 0 2 4 France 10 0 53 62 47 0 7 8 Germany 5 0 81 85 61 0 18 7 Ghana 2 7 2 11 7 0 2 2 Greece 85 392 2 479 109 11 250 109 Guatemala 5 1 25 30 24 0 1 6 Guinea 2 3 0 5 0 0 4 2 Haiti 1 1 1 3 2 0 0 0 Honduras 1 1 2 4 3 0 0 1 Hong Kong 16 0 69 85 65 0 7 13 Hungary 2 0 6 7 5 0 1 1 India 884 4,137 174 5,195 3,266 0 174 1,755 Indonesia 80 7 523 609 490 11 4 104 Iran 25 134 11 170 120 0 11 39 Iraq 4 7 15 26 22 0 0 4 Ireland 0 0 0 0 0 0 0 0 Israel 9 26 1 36 1 0 22 13 Italy 31 0 209 241 201 2 5 32 Japan 31 0 177 208 177 0 0 31 Kazakhstan; Republic of 29 148 0 177 9 0 136 32 Kenya 2 4 9 15 12 0 1 2 Korea; Democratic Peoples R 2 12 2 16 14 0 0 2 Korea; Republic of 89 0 293 382 288 0 2 91 Kyrgyzstan; Republic of 7 40 0 47 1 0 38 8 Latvia 1 0 3 4 3 0 0 1 Lebanon 0 0 1 1 1 0 0 0 Lithuania 2 0 5 7 5 0 0 1 Macedonia, Republic of 0 0 1 2 1 0 0 0 Madagascar 2 13 0 15 11 0 2 2 Malawi 22 20 0 42 2 0 20 20

, November 2005

Table 6A Cotton Production, Supply and Distribution by Country

MY 2004/20051,000 Metric Tons

Beg. Stocks Production Imports Total Supply Use Loss Exports End. Stocks Malaysia 8 0 55 63 54 0 0 8 Mali 56 239 0 295 4 0 207 84 Mauritius 4 0 14 18 14 0 1 3 Mexico 249 136 394 779 446 5 29 298 Moldova; Republic of 1 0 2 3 2 0 0 1 Morocco 6 0 33 39 33 0 0 7 Mozambique 8 24 1 33 2 0 22 9 Netherlands 1 0 2 3 2 0 1 1 Nicaragua 0 2 0 3 0 0 2 0 Niger 1 1 0 2 1 0 0 1 Nigeria 28 91 15 135 82 0 22 31 Norway 0 0 0 0 0 0 0 Pakistan 442 2,460 305 3,207 2,341 5 120 741 Panama 0 0 1 1 1 0 0 Paraguay 28 65 0 93 7 0 65 Peru 49 65 48 162 90 0 2 70 Philippines 9 2 34 46 35 0 0 11 Poland 3 0 45 48 44 0 0 Portugal 22 0 71 93 71 0 0 21 Romania 9 0 17 25 19 0 0 7 Russian Federation 43 0 316 359 310 0 0 48 Senegal 6 22 0 27 4 0 15 Serbia and Montenegro 1 0 2 3 2 0 0 0 Singapore 2 0 12 14 0 0 12 Slovakia 1 0 3 4 2 0 2 Slovenia 2 0 10 13 10 0 0 Somalia 0 2 1 3 3 0 0 South Africa; Republic of 21 21 27 69 54 0 0 15 Spain 25 109 16 150 61 0 51 Sri Lanka 1 1 1 2 2 0 0 0 Sudan 17 114 0 131 2 0 62 Sweden 0 0 0 1 0 0 0 Switzerland 3 0 10 13 10 0 1 2 Syria 65 348 0 413 152 0 152 Taiwan 76 0 291 368 261 0 0 106 Tajikistan; Republic of 34 174 0 208 33 0 133 Tanzania; United Republic of 33 114 0 147 15 0 82 Thailand 91 12 497 600 468 5 0 126 Togo 27 71 0 97 3 0 62 Tunisia 3 2 22 27 24 0 0 3 Turkey 278 904 742 1,924 1,524 0 33 367 Turkmenistan 87 207 0 294 90 0 82 122 Uganda 17 44 0 61 4 3 24 Ukraine 3 0 14 17 13 0 0 4 United Kingdom 3 0 18 21 19 0 0 United States 763 5,062 6 5,832 1,420 69 3,137 1,206 Uruguay 0 0 1 1 1 0 0 Uzbekistan; Republic of 201 1,132 0 1,333 191 0 860 Venezuela 6 13 10 29 22 0 0 Vietnam 29 10 148 188 147 0 0 41 Yemen 2 14 0 16 5 0 9 Zambia 56 76 0 132 14 0 49 Zimbabwe 38 76 0 115 22 3 54

World Total 8,839 26,216 7,159 42,214 23,659 -122 7,612 11,066


, November 2005

0

0 22

4

8

2 0 3 0

38

67 0

109

42 51

32

29

3

0 283

7

2 69 35

Table 7

U.S. Export Sales Summary MY 2005/06

(1,000 Running Bales)

Monthly Net Sales

06-Oct-05 through 27-Oct-05 Current Marketing Year

---------Upland---------Pima All Upland >1-1/16" 1" to 1-1/16" < 1"

European Union - 25 7.2 21.2 18.6 2.6 0.0 Other Europe 6.6 90.8 63.0 27.4 0.4 Eastern Europe 0.0 0.0 0.0 0.0 0.0 Former Soviet Union - 12 0.0 0.0 0.0 0.0 0.0 Japan 10.5 12.5 11.9 0.6 0.0 Taiwan 0.0 13.1 11.5 1.5 0.0 China 10.8 367.9 349.3 18.7 0.0 Korea, Republic of 0.1 -21.9 -24.4 2.5 0.0 India 30.7 2.8 2.8 0.0 0.0 Other Asian and Oceania 12.0 60.7 55.5 4.1 1.1 Africa 0.0 0.0 0.0 0.0 0.0 Western Hemisphere 0.0 87.4 62.0 25.4 0.0 Unknown 0.0 -1.9 0.4 -2.2 0.0

3-week TOTAL 78.0 632.6 550.6 80.6 1.4 Weekly Net Sales Average 26.0 210.9 183.5 26.9 0.5

Previous Marketing Year07-Oct-04 through 28-Oct-04

---------Upland---------

Pima All Upland >1-1/16" 1" to 1-1/16" < 1"

3-week TOTAL 144.7 437.9 400.9 36.0 1.0 Weekly Net Sales Average 48.2 146.0 133.6 12.0 0.3

Note: Totals may not add due to rounding. Source: USDA/FAS Nov-05

All Cotton Totals, Marketing Year-YTD

Current MY as of Previous MY as of 27-Oct-05 28-Oct-04

(13-week TOTAL) (13-week TOTAL) Accumulated Exports 2,681.7 1,555.9 Outstanding Sales 4,538.1 4,785.0 Total Commitments 7,219.8 6,340.9

Weekly Export Average 206.3 119.7 Note: Totals may not add due to rounding. Source: USDA/FAS Nov-05

, November 2005

Table 8

Northern European Cotton Price Quotations and USDA's Adjusted World Price (in cents per pound)

Date Cotlook Northen Europe (NE)

Lowest U.S. Quote

U.S. - NE Lowest NE Quote Adjusted World Price

Yearly Average 1994/1995 91.08 1995/1996 85.52 1996/1997 78.60 1997/1998 72.15 1998/1999 58.90 1999/2000 52.88 2000/2001 57.34 2001/2002 41.80 2002/2003 55.68 2003/2004 69.18 2004/2005 53.53 2005/2006 55.86

94.02 93.02 82.71 77.23 69.42 60.98 61.91 45.06 60.07 72.76 56.70 59.67

2.94 7.50 4.12 5.08

10.53 8.10 4.57 3.26 4.40 3.58 3.18 3.81

81.06 76.12 81.95 71.14 74.89 64.12 66.91 58.24 57.81 44.64 49.35 38.91 54.79 44.00 41.39 28.49 53.44 43.09 69.23 55.06 50.23 38.91 55.23 39.68

Monthly Average August 2004 53.56 September 2004 56.57 October 2004 52.68 November 2004 49.21 December 2004 48.60 January 2005 51.28 February 2005 52.17 March 2005 56.40 April 2005 56.95 May 2005 55.84 June 2005 53.99 July 2005 55.06 August 2005 54.07 September 2005 54.86 October 2005 58.37 November 2005 57.33

53.21 56.08 53.75 52.57 52.62 55.10 54.05 60.20 61.26 59.81 59.06 62.79 56.83 59.40 62.67 60.58

-0.35 -0.49 1.07 3.36 4.02 3.82 1.89 3.81 4.31 3.97 5.07 7.73 2.76 4.53 4.30 3.26

52.02 38.13 53.00 41.54 51.45 37.65 47.84 34.33 48.17 33.54 50.16 36.08 51.95 36.65 55.73 41.27 55.79 42.12 55.54 42.30 53.01 40.91 53.21 42.07 53.26 38.54 54.34 38.49 56.68 42.92 55.75 41.99

Weekly Average 6/16/2005 52.96 56.75 3.79 52.00 39.87 6/23/2005 53.67 58.60 4.93 52.85 40.50 6/30/2005 55.70 65.45 9.75 54.40 42.32 7/7/2005 56.92 66.55 9.63 55.45 43.72 7/14/2005 55.77 63.50 7.73 54.40 42.96 7/21/2005 53.66 60.35 6.69 51.95 40.75 7/28/2005 54.04 61.05 7.01 51.40 40.83 8/4/2005 55.70 59.35 3.65 55.25 40.47 8/11/2005 55.29 57.90 2.61 54.45 39.81 8/18/2005 53.18 55.45 2.27 52.45 37.70 8/25/2005 52.91 55.60 2.69 52.05 37.43 9/1/2005 52.88 56.88 4.00 52.12 37.35 9/8/2005 54.04 58.80 4.76 53.10 37.93 9/15/2005 54.69 59.25 4.56 54.00 39.21 9/22/2005 54.62 58.95 4.33 54.20 39.14 9/29/2005 55.91 60.40 4.49 55.10 40.43 10/6/2005 57.11 61.70 4.59 55.80 41.63 10/13/2005 58.48 62.90 4.42 56.60 43.00 10/20/2005 59.34 63.85 4.51 57.65 43.86 10/27/2005 58.68 62.80 4.12 57.00 43.20 11/3/2005 57.47 60.95 3.48 55.75 41.99 11/8/2005 57.27 60.25 2.98 55.75

1. The Cotlook Northern Europe quote is the average of the five lowest quotes of the following descriptions (all 1-3/32"): Memphis Terr.; Calif. Ariz; Mexico; Central America; Paraguayan; Turkish; Uzbeki; Pakistani 1503; Indian H-4; Chinese Type 329; West African; Tanzanian; Greek; Syrian; and Australian. Prior to 1 August 2004, was refered to as the "A-Index"

2. Reflects incorporation of forward shipment quotations but does not include the Secretary's discretionary adjustments Averages for August 1998 and forward reflect 1998/99 quotations; others are 1997/98 quotations SOURCE: Cotlook, Ltd. United Kingdom

, November 2005

Table 9 World Cotton Production, Yield, Supply and Utilization

(1,000 480-Lb. Bales, 1961/1962-2005/2006) Marketing 1,000 Yield Begining Production Imports Total Consu Loss Exports Ending

Year Hectares Kg/Ha Stocks Supply mption Stocks

44,566 19,181-19315,986 44,804299/1962 32,420

46,989 23,033-30916,472 43,990322/1963 31,761

50,815 26,048-18417,790 47,786337/1964 32,852

53,746 29,001017,370 51,225349/1965 33,526

56,949 32,550-26017,133 53,827372/1966 33,288

52,260 28,4541518,009 56,043365/1967 31,168

51,560 23,581-917,368 56,192363/1968 30,923

56,893 23,9763516,935 56,368388/1969 31,913

54,326 22,390-9517,698 55,970364/1970 32,461

55,572 21,8451424,612 57,133380/1971 31,803

59,152 22,449124,669 58,381390/1972 33,023

61,867 24,487-10927,377 59,499402/1973 33,541

62,478 27,1586326,744 60,268414/1974 32,846

63,817 33,35211123,824 57,041415/1975 33,509

53,975 25,90114526,286 61,600393/1976 29,874

56,527 22,38013824,931 60,238403/1977 30,535

63,908 25,63730827,120 61,022414/1978 33,576

59,496 21,856-7627,129 63,229394/1979 32,904

65,446 21,2321030,506 65,904442/1980 32,219

63,381 20,613-3327,253 65,021426/1981 32,368

68,839 25,83823925,698 63,309455/1982 32,933

66,332 25,45430226,071 66,970460/1983 31,394

66,277 24,28149627,059 68,680467/1984 30,920

88,706 42,12647427,629 70,816573/1985 33,734

80,153 47,60025228,981 75,330553/1986 31,584

70,359 35,42817933,093 82,095522/1987 29,353

81,446 32,62053430,529 84,146574/1988 30,871

84,220 31,06164233,582 85,238543/1989 33,767

79,716 24,98423432,703 86,905550/1990 31,559

87,141 27,49117030,578 85,524572/1991 33,160

95,295 37,02036829,022 86,192596/1992 34,786

82,307 34,4476327,053 86,332549/1993 32,642

77,646 27,69114327,951 85,550550/1994 30,710

86,254 31,892-33030,287 84,513583/1995 32,199

93,723 39,880-41926,997 85,790567/1996 35,977

90,028 44,297-41028,602 87,760581/1997 33,744

92,234 48,801-33125,928 87,267595/1998 33,774

85,501 51,337-83924,480 84,760566/1999 32,894

87,719 49,156-37727,976 91,058592/2000 32,274

88,850 46,776-1,11426,213 92,164604/2001 32,026

98,751 52,117-45629,458 94,318637/2002 33,730

88,251 42,332-47930,112 98,307631/2003 30,449

95,062 40,596-54533,908 98,090639/2004 32,369

50,825-56132,882731/2005 35,870

50,183-1,44341,416691/2006 35,224

18,875 15,635 79,427 1961

19,181 15,928 82,642 1962

23,033 17,988 91,638 1963

26,048 16,938 97,164 1964

29,001 16,966 103,083 1965

32,550 18,307 102,819 1966

28,456 17,620 97,384 1967

23,581 17,030 97,409 1968

23,976 17,735 96,000 1969

22,390 23,582 102,574 1970

21,845 24,835 105,666 1971

22,449 27,816 111,693 1972

24,487 26,220 113,709 1973

27,158 24,295 114,799 1974

33,352 25,967 113,613 1975

25,901 24,603 107,359 1976

22,380 26,441 113,408 1977

25,637 27,253 112,262 1978

21,856 30,662 117,808 1979

21,232 26,265 111,866 1980

20,613 25,764 115,150 1981

25,838 25,515 118,241 1982

25,454 25,333 118,790 1983

24,281 27,200 140,616 1984

42,126 28,078 151,260 1985

47,600 33,350 151,052 1986

35,428 30,103 147,403 1987

32,620 33,481 150,422 1988

31,061 31,357 143,480 1989

25,026 29,560 142,745 1990

27,511 28,248 151,828 1991

36,957 25,475 146,317 1992

34,447 26,660 140,044 1993

27,691 28,157 144,232 1994

31,892 27,361 152,612 1995

39,880 26,863 158,510 1996

44,297 26,722 162,459 1997

48,801 23,524 158,782 1998

51,337 27,195 167,032 1999

49,156 26,393 164,219 2000

46,776 29,006 174,985 2001

52,117 30,320 170,480 2002

42,332 33,161 171,302 2003

40,596 120,407 108,662 34,959 193,885 2004

50,825 111,713 114,399 40,815 203,954 2005

Note: Beginning with 1970/71, world and foreign import and export totals were expanded to include trade among the 12 countries of the former Soviet Union and the 3 Baltic states.

, November 2005

Table 10 United States Cotton Production, Yield, Supply and Utilization



14,283 7,699-280153 9,017492/1962 6,327

14,827 11,136-386137 8,484512/1963 6,301

15,294 12,351-257135 8,696579/1964 5,752

15,144 14,249-92118 9,261580/1965 5,689

14,951 17,028-341118 9,596591/1966 5,510

9,555 12,344-62105 9,574538/1967 3,866

7,443 6,584-86149 9,077501/1968 3,236

10,925 6,544-12468 8,332579/1969 4,112

9,990 5,843-24952 8,114486/1970 4,474

10,192 4,203-23237 8,204492/1971 4,514

10,477 3,258-15072 8,259491/1972 4,643

13,704 4,221-30534 7,769568/1973 5,255

12,974 3,808-16048 7,472583/1974 4,844

11,540 5,708-11234 5,860494/1975 5,086

8,302 3,681-14092 7,250508/1976 3,560

10,581 2,928-8638 6,674522/1977 4,417

14,389 5,34785 6,483583/1978 5,372

10,856 3,958-2834 6,352471/1979 5,018

14,629 3,000-1435 6,506613/1980 5,193

11,122 2,668-33528 5,891453/1981 5,348

15,646 6,632-12326 5,264608/1982 5,601

11,963 7,937-4220 5,513661/1983 3,939

7,771 2,77523812 5,921569/1984 2,973

12,982 4,102-7424 5,538673/1985 4,200

13,432 9,348-15433 6,413706/1986 4,140

9,731 5,026-803 7,452618/1987 3,427

14,760 5,771-1822 7,617792/1988 4,059

15,411 7,0921655 7,782694/1989 4,835

12,196 3,000-1632 8,759688/1990 3,860

15,505 2,344-2854 8,657711/1991 4,748

17,614 3,704813 9,613731/1992 5,245

16,218 4,662-1901 10,250785/1993 4,501

16,134 3,530-86 10,418679/1994 5,173

19,662 2,650-3820 11,198794/1995 5,391

17,900 2,60927408 10,647602/1996 6,478

18,942 3,971-8403 11,126791/1997 5,216

18,793 3,8874113 11,349754/1998 5,425

13,918 3,939-394439 10,401701/1999 4,324

16,968 3,91514597 10,194680/2000 5,433

17,188 6,000-48316 8,862708/2001 5,282

20,303 7,44818021 7,696790/2002 5,596

17,209 5,38516667 7,273746/2003 5,025

18,255 3,50620045 6,221818/2004 4,858

23,251 5,53831629 6,523958/2005 5,284

23,161 6,5003940 6,000911/2006 5,533

7,056 5,056 21,492 1961

7,699 3,429 22,663 1962

11,136 5,775 26,565 1963

12,351 4,195 27,613 1964

14,249 3,035 29,318 1965

17,028 4,832 26,688 1966

12,344 4,361 19,936 1967

6,584 2,825 17,577 1968

6,544 2,878 16,586 1969

5,843 3,897 16,072 1970

4,203 3,385 14,752 1971

3,258 5,311 16,996 1972

4,221 6,123 17,243 1973

3,808 3,926 15,382 1974

5,708 3,311 14,102 1975

3,681 4,784 14,300 1976

2,928 5,484 17,322 1977

5,347 6,180 16,207 1978

3,958 9,229 18,592 1979

3,000 5,926 14,150 1980

2,668 6,567 18,340 1981

6,632 5,207 18,615 1982

7,937 6,786 15,720 1983

2,775 6,215 15,781 1984

4,102 1,960 17,567 1985

9,348 6,684 19,082 1986

5,026 6,582 19,788 1987

5,771 6,148 21,187 1988

7,092 7,694 19,290 1989

3,000 7,793 18,509 1990

2,344 6,646 19,971 1991

3,704 5,201 19,923 1992

4,662 6,862 20,802 1993

3,530 9,402 23,212 1994

2,650 7,675 20,958 1995

2,609 6,865 21,954 1996

3,971 7,500 22,777 1997

3,887 4,298 18,244 1998

3,939 6,750 21,004 1999

3,915 6,740 21,119 2000

6,000 11,000 26,324 2001

7,448 11,900 24,724 2002

5,385 13,758 23,685 2003

3,506 14,409 26,786 2004

5,538 16,200 28,739 2005


, November 2005

Table 11 Foreign Cotton Production, Yield, Supply and Utilization



30,283 11,4828715,833 35,787253/1962 26,093

32,162 11,8977716,335 35,506275/1963 25,461

35,521 13,6977317,655 39,090285/1964 27,101

38,602 14,7529217,252 41,964302/1965 27,837

41,998 15,5228117,015 44,231329/1966 27,778

42,705 16,1107717,904 46,469341/1967 27,302

44,117 16,9977717,219 47,115347/1968 27,687

45,968 17,43215916,867 48,036360/1969 27,801

44,336 16,54715417,646 47,856345/1970 27,988

45,380 17,64224624,575 48,929362/1971 27,289

48,675 19,19115124,597 50,122373/1972 28,380

48,163 20,26619627,343 51,730371/1973 28,286

49,504 23,35022326,696 52,796385/1974 28,002

52,277 27,64422323,790 51,181400/1975 28,423

45,673 22,22028526,194 54,350378/1976 26,314

45,946 19,45222424,893 53,564383/1977 26,118

49,519 20,29030027,115 54,539382/1978 28,204

48,640 17,89820727,125 56,877380/1979 27,886

50,817 18,23215330,501 59,398409/1980 27,026

52,259 17,94530227,225 59,130421/1981 27,020

53,193 19,20636225,672 58,045424/1982 27,332

54,369 17,51734426,051 61,457431/1983 27,455

58,506 21,50625827,047 62,759456/1984 27,947

75,724 38,02454827,605 65,278558/1985 29,534

66,721 38,25240628,948 68,917529/1986 27,444

60,628 30,40225933,090 74,643509/1987 25,926

66,686 26,84971630,527 76,529542/1988 26,812

68,809 23,96947733,577 77,456518/1989 28,932

67,520 21,98439732,701 78,146531/1990 27,699

71,636 25,14745530,574 76,867549/1991 28,412

77,681 33,31636029,009 76,579573/1992 29,541

66,089 29,78525327,052 76,082511/1993 28,141

61,512 24,16115127,945 75,132524/1994 25,537

66,592 29,242-29230,267 73,315541/1995 26,808

75,823 37,271-44626,589 75,143560/1996 29,499

71,086 40,326-40228,199 76,634543/1997 28,528

73,441 44,914-37225,915 75,918564/1998 28,349

71,583 47,398-44524,041 74,359546/1999 28,570

70,751 45,241-52227,879 80,864574/2000 26,841

71,662 40,776-63126,197 83,302583/2001 26,744

78,448 44,669-63629,437 86,622607/2002 28,134

71,042 36,947-64530,045 91,034608/2003 25,424

76,807 37,090-74533,863 91,869608/2004 27,511

97,156 45,287-87732,853692/2005 30,586

88,552 43,683-1,48241,376649/2006 29,691

11,819 10,579 57,935 1961

11,482 12,499 59,979 1962

11,897 12,213 65,073 1963

13,697 12,743 69,551 1964

14,752 13,931 73,765 1965

15,522 13,475 76,131 1966

16,112 13,259 77,448 1967

16,997 14,205 79,832 1968

17,432 14,857 79,414 1969

16,547 19,685 86,502 1970

17,642 21,450 90,914 1971

19,191 22,505 94,697 1972

20,266 20,097 96,466 1973

23,350 20,369 99,417 1974

27,644 22,656 99,511 1975

22,220 19,819 93,059 1976

19,452 20,957 96,086 1977

20,290 21,073 96,055 1978

17,898 21,433 99,216 1979

18,232 20,339 97,716 1980

17,945 19,197 96,810 1981

19,206 20,308 99,626 1982

17,517 18,547 103,070 1983

21,506 20,985 124,835 1984

38,024 26,118 133,693 1985

38,252 26,666 131,970 1986

30,402 23,521 127,615 1987

26,849 27,333 129,235 1988

23,969 23,663 124,190 1989

22,026 21,767 124,236 1990

25,167 21,602 131,857 1991

33,253 20,274 126,394 1992

29,785 19,798 119,242 1993

24,161 18,755 121,020 1994

29,242 19,686 131,654 1995

37,271 19,998 136,556 1996

40,326 19,222 139,682 1997

44,914 19,226 140,538 1998

47,398 20,445 146,028 1999

45,241 19,653 143,100 2000

40,776 18,006 148,661 2001

44,669 18,420 145,756 2002

36,947 19,403 147,617 2003

37,090 102,139 20,550 167,099 2004

45,287 108,399 24,615 175,215 2005


, November 2005

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