June 2020 India: Record 2020/21 Stocks Despite …...AMS Cotton Market News Jun-20, 65.7 Jun-20,...

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India: Record 2020/21 Stocks Despite Higher Consumption

India’s 2020/21 stocks are forecast to surpass the previous year’s record despite a recovery in consumption from COVID-19’s significant effects in 2019/20. India’s stocks are forecast to more than double in the current year amidst the highest production in 6 years, a 4-million bale plunge in consumption, and a decline in exports. These factors have lowered domestic prices on the domestic MCX cotton contract more than 20 percent from last June, and pressured export bids to a significant discount to all origins.

For cotton lint exports, India’s first 6 months of shipments were down nearly one-fifth from the previous year. The 5-year pattern for shipments shows nearly 40 percent of exports occur in 2 months – December and January. The 2019 border closure with Pakistan (a major importer) affected exports along with reported quality issues, which helped sustain Indian quotes as the world’s lowest. Moreover, quarantine restrictions are reportedly slowing exports to neighboring Bangladesh. Since the start of the calendar year, Indian medium-grade bids are at significant discounts to Brazil and U.S. medium grades.

India’s cotton yarn exports are more than 15 percent below the previous year for the first 7 months of 2019/20. China was India’s largest export market last year, but its yarn demand has fallen and India’s market share has also declined. China imports of cotton yarn from India nearly halved from the previous year (August to April). 1

1 Raw cotton and cotton yarn exports accounted for around one-fifth of India’s 2018/19’s total use

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10

15

20

25

30

2016/17 2017/18 2018/19 2019/20 2020/21

Mil.

Bal

es2019/20 Consumption Dips While Stocks Almost Double

Ending Stocks Consumption

United States Department of Agriculture Foreign Agricultural Service June 2020

Cotton: World Markets and Trade

Source: Cotton Outlook

For domestic consumption, while COVID-19 significantly impacted all major cotton consuming countries, India is forecast to have the second-largest drop in consumption after China. Spinning mill operating rates were reported to have plunged from the second half of March to mid-May. Even before the pandemic took hold, domestic demand was limited as the country’s 2019/20 consumption prospects were mostly unchanged from the previous year, despite a crop that jumped nearly one-fifth.

Another significant contributor to the record stock level is the MSP (Minimum Support Price) program that’s driven the procurement of over 7 million 480-lb bales. The Cotton Corporation of India (CCI) procures and markets Indian cotton when domestic prices undershoot the MSP, and CCI has already offered supplies at bulk discounts to help spur demand. In addition to the record buying of the 2019/20 crop, it’s suspected that once previously-purchased stocks are included, public stockholders hold over 8 million bales.

Looking at 2020/21, a larger MSP for the 2020/21 crop is expected to sustain India’s record supplies as the global economy recovers from the COVID-19 epidemic. Furthermore, the recovery in consumption will not be enough to offset record 2020/21 stocks, as India is the most significant contributor to record stocks outside of China.

With MSP stocks expected to account for nearly half of beginning stocks and likely future purchases by CCI of the 2020/21 crop, the extent to which CCI markets its current supplies before and during its next procurement may influence global prices. This is amidst a significant carryin from the world’s two

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India Quoted at Significant Discounts

Brazilian Midd Indian medium grades **

Mali ROKY/KATI * Memphis/Orleans/Texas Midd

Foreign Agricultural Service/USDA 2 June 2020Global Market Analysis

largest exporters – a record for Brazil and the highest U.S. levels in 12 years. These factors are expected to pressure global prices in 2020/21.

2020/21

For 2020/21, the June forecast shows lower use with higher beginning and ending stocks. Production is lowered for Turkey and Uzbekistan, more than offsetting gains in Argentina and Tanzania. Consumption is also lowered due to weaker demand for the second consecutive month in China and India among others. Global trade is mostly unchanged. The U.S. forecast shows lower consumption and higher ending stocks, and the season-average farm price is unchanged at 57 cents per pound. For current prices received by farmers click here; NASS farm price

2019/20

For 2019/20, the June forecast shows lower use and higher ending stocks for the third consecutive month. Production is raised for Argentina and Tanzania, more than offsetting losses in Turkey. Consumption is lowered due to weaker demand and repeated downturns in China and India. Global imports are up slightly with greater demand in Turkey, India, and Pakistan. The U.S. forecast shows lower consumption and the U.S. season-average farm price is unchanged at 57 cents per pound.

Prices

The A-index and U.S. spot price have risen since last WASDE but remain below the season average. Strong China purchases of U.S. cotton and a climbing S&P Retail Index have strengthened the July ICE contract, with prices climbing for the second consecutive month. However, the December contract is below July and reveals a negative carry in the market. For more information on U.S. spot price click here; AMS Cotton Market News

Jun-20, 65.7

Jun-20, 52.5

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Monthly Average Cotton Prices

A-Index U.S. Spot Price


https://usda.library.cornell.edu/concern/publications/c821gj76b?locale=en

http://www.ams.usda.gov/market-news/cotton

http://www.ams.usda.gov/market-news/cotton

2020/21 TRADE OUTLOOK

Major Importers:

Previous Current Change Reason

WORLD 42,843 42,818 -25

China 9,500 9,000 -500 Strong early-season shipments

Turkey 3,700 4,200 500 Strong demand since March

Pakistan 4,700 4,500 -200 Slow recovery from COVID-19

Bangladesh 7,000 7,100 100 Strong recovery from COVID-19

Note: 1,000 Bales (480-lb)

2019/20 TRADE OUTLOOK

Major Importers:


WORLD 39,328 39,678 350

India 2,000 2,200 200 Strong early-season shipments

Turkey 3,800 4,000 200 Strong demand since March

Bangladesh 6,600 6,500 -100 Slow recovery from COVID-19

Pakistan 3,200 3,300 100 Strong recovery from COVID-19

Major Exporters:


WORLD 40,049 39,813 -236

India 3,200 3,000 -200 Slower-than-expected export pace

Cote d'Ivoire 875 725 -150 Slower-than-expected export pace

Mexico 375 525 150 Stronger-than-expected export pace

The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m.

FAS Reports and Databases: Current World Market and Trade and World Agricultural Production Reports:


https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads Archives World Market and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7 Production, Supply and Distribution Database (PSD Online): https://apps.fas.usda.gov/psdonline/app/index.html#/app/home Global Agricultural Trade System (U.S. Exports and Imports):

http://apps.fas.usda.gov/gats/default.aspx Export Sales Report:

http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports):

http://gain.fas.usda.gov/Pages/Default.aspx Other USDA Reports: World Agricultural Supply and Demand Estimates (WASDE):

http://www.usda.gov/oce/commodity/wasde/ Economic Research Service:

http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service:

http://www.nass.usda.gov/Publications/

Questions may be directed to:

James Johnson (202) 690-1546 ([email protected])

Graham Soley (202) 772-4235 ([email protected])


https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7

https://apps.fas.usda.gov/psdonline/app/index.html#/app/home

http://apps.fas.usda.gov/gats/default.aspx

http://apps.fas.usda.gov/esrquery/

http://gain.fas.usda.gov/Pages/Default.aspx

http://www.usda.gov/oce/commodity/wasde/

http://www.ers.usda.gov/topics/crops

http://www.nass.usda.gov/Publications/

Summary of Changes in estimates and Forecasts from Last Month

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks

Production Imports Exports Use Loss Total Dom.

Cons.

Ending

Stocks

Afghanistan

-15-200-20350000 2010/11

-20-300-303500-150 2011/12

-10-200-201000-200 2012/13

0-200-201000-100 2013/14

10-200-20100000 2014/15

10-200-202000100 2015/16

0-100-102000100 2016/17

0-50-550000 2017/18

0-50-550000 2018/19

15-150-1500000 2019/20

10-50-51000150 2020/21

Argentina

1800000018000 2017/18

180000000180-45 2018/19

5800000040018095 2019/20

93000000350580100 2020/21

Bangladesh

200-3000-3000-100000 2019/20

300000010002000 2020/21

Benin

00000000-35 2020/21

Brazil

100-1000-10000000 2019/20

1000000001000 2020/21

Burkina

0000-250-250-35 2020/21

Cameroon

00000000-5 2020/21

Chad

00000000-10 2020/21

China

1,000-1,0000-1,00000000 2019/20

1,500-1,0000-1,0000-50001,0000 2020/21

Cote d'Ivoire


Summary of Changes in estimates and Forecasts from Last Month (Continued)

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks


Cons.

Ending

Stocks

150000-1500000 2019/20

12500025001500 2020/21

Greece

500005000 2019/20

500000050 2020/21

India

900-5000-500-200200000 2019/20

1,400-5000-5000009000 2020/21

Japan

020020020000 2019/20

Korea, South

-500050000 2019/20

-5000000-50 2020/21

Kyrgyzstan

-500050000 2018/19

-5000000-50 2019/20

-5000000-50 2020/21

Mali

00000000-5 2020/21

Mexico

-175-500-50150-75000 2019/20

-125-500-50-5025-75-175-10 2020/21

Pakistan

120000-20100000 2019/20

170-2000-200-50-20001200 2020/21

Senegal

-300030000 2019/20

-3000000-30 2020/21

Spain

-101001000000 2018/19

-10000000-100 2019/20

-15505000-100 2020/21

Tajikistan

-25000250000 2019/20



(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks


Cons.

Ending

Stocks

-75000-250-75-25-20 2020/21

Tanzania

00000000-23 2002/03

00000000-101 2004/05

00000000226 2005/06

00000000-129 2006/07

00000000-50 2016/17

45000500950150 2019/20

7000085011045140 2020/21

Thailand

-100010000 2019/20

-1000000-10 2020/21

Togo

-20000-250-4500 2019/20

-20000000-200 2020/21

Turkey

500000200-15000 2019/20

300-1000-1000500-35050-50 2020/21

Turkmenistan

75000-750000 2019/20

75000000750 2020/21

United States

200-2000-20000000 2019/20

300-1000-1000002000 2020/21

Uzbekistan

-50-1000-10000-1500-25 2020/21

Vietnam

200-2000-20000000 2019/20

25000005002000 2020/21

World

World

00000000-23 2002/03

00000000-101 2004/05

00000000226 2005/06



(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks


Cons.

Ending

Stocks

00000000-129 2006/07

-15-200-20350000 2010/11

-20-300-303500-150 2011/12

-10-200-201000-200 2012/13

0-200-201000-100 2013/14

10-200-20100000 2014/15

10-200-202000100 2015/16

0-100-10200010-50 2016/17

180-50-55018000 2017/18

1655051000180-45 2018/19

3,396-2,3450-2,345-236350300165245 2019/20

5,236-2,0500-2,050-30-25-2153,39645 2020/21


Table 01 Cotton World Supply, Use, and Trade (Season Beginning August 1)

(1000 MT)

2016/17 2017/18 2018/19 2019/20

May

2020/21

Jun

2020/21

Production none

5,879 India 6,314 5,617 6,641 6,205 6,205

4,953 China 5,987 6,042 5,933 5,770 5,770

3,738 United States 4,555 3,999 4,336 4,246 4,246

1,528 Brazil 2,007 2,830 2,874 2,613 2,613

1,676 Pakistan 1,785 1,655 1,350 1,372 1,372

697 Turkey 871 816 751 795 718

811 Uzbekistan 840 713 762 740 708

3,943 Other 4,628 4,161 4,127 4,159 4,221

23,226 Total 26,989 25,834 26,774 25,899 25,852

USE Dom. Consumption none

8,382 China 8,927 8,600 7,185 8,274 8,056

5,302 India 5,258 5,225 4,355 5,117 5,008

2,243 Pakistan 2,373 2,330 1,960 2,286 2,243

1,481 Bangladesh 1,633 1,611 1,350 1,524 1,524

1,426 Turkey 1,622 1,502 1,393 1,524 1,502

1,176 Vietnam 1,437 1,524 1,328 1,481 1,481

697 Brazil 740 740 653 697 697

4,585 Other 4,735 4,666 4,127 4,454 4,400

25,290 Total 26,725 26,199 22,350 25,356 24,910

Imports none

1,096 China 1,243 2,099 1,633 2,068 1,960

1,481 Bangladesh 1,655 1,568 1,415 1,524 1,546

1,197 Vietnam 1,524 1,502 1,415 1,513 1,524

533 Pakistan 740 621 718 1,023 980

801 Turkey 876 762 871 806 914

738 Indonesia 766 664 621 664 664

596 India 365 392 479 239 239

1,763 Other 1,790 1,640 1,487 1,490 1,495

8,205 Total 8,959 9,248 8,639 9,328 9,323

Exports none

3,248 United States 3,544 3,214 3,266 3,484 3,484

607 Brazil 909 1,310 1,872 1,960 1,960

991 India 1,128 764 653 980 980

221 Greece 234 295 305 321 321

180 Benin 233 283 261 283 283

239 Mali 283 294 256 283 283

812 Australia 852 791 272 218 218

1,953 Other 1,871 2,002 1,783 1,819 1,813

8,251 Total 9,055 8,954 8,668 9,347 9,340

Ending Stocks none

9,998 China 8,272 7,766 8,109 7,429 7,755

1,716 India 2,009 2,028 4,140 4,292 4,597

1,509 Brazil 1,885 2,668 3,022 2,962 2,984

599 United States 914 1,056 1,589 1,676 1,742

504 Pakistan 616 543 630 675 712

333 Turkey 387 358 510 505 570

355 Bangladesh 404 388 482 468 533

2,463 Other 3,131 2,713 3,410 3,641 3,895

17,475 Total 17,618 17,521 21,894 21,649 22,789


Table 02 Cotton World Supply, Use, and Trade (Season Beginning August 1)

(1000 Bales)

2016/17 2017/18 2018/19 2019/20

May

2020/21

Jun

2020/21

Production none

7,020 Brazil 9,220 13,000 13,200 12,000 12,000

22,750 China 27,500 27,750 27,250 26,500 26,500

27,000 India 29,000 25,800 30,500 28,500 28,500

7,700 Pakistan 8,200 7,600 6,200 6,300 6,300

3,200 Turkey 4,000 3,750 3,450 3,650 3,300

17,170 United States 20,923 18,367 19,913 19,500 19,500

3,725 Uzbekistan 3,860 3,275 3,500 3,400 3,250

18,112 Other 21,256 19,112 18,957 19,103 19,388

106,677 Total 123,959 118,654 122,970 118,953 118,738

USE Dom. Consumption none

6,800 Bangladesh 7,500 7,400 6,200 7,000 7,000

3,200 Brazil 3,400 3,400 3,000 3,200 3,200

38,500 China 41,000 39,500 33,000 38,000 37,000

24,350 India 24,150 24,000 20,000 23,500 23,000

3,300 Indonesia 3,500 3,150 2,700 3,000 3,000

10,300 Pakistan 10,900 10,700 9,000 10,500 10,300

6,550 Turkey 7,450 6,900 6,400 7,000 6,900

3,250 United States 3,225 2,975 2,500 2,900 2,800

2,000 Uzbekistan 2,500 2,800 3,000 3,200 3,100

5,400 Vietnam 6,600 7,000 6,100 6,800 6,800

12,507 Other 12,523 12,504 10,753 11,359 11,309

116,157 Total 122,748 120,329 102,653 116,459 114,409

Imports none

6,800 Bangladesh 7,600 7,200 6,500 7,000 7,100

5,032 China 5,710 9,640 7,500 9,500 9,000

2,736 India 1,677 1,800 2,200 1,100 1,100

3,391 Indonesia 3,517 3,051 2,850 3,050 3,050

392 Malaysia 739 744 1,300 750 750

1,000 Mexico 925 850 525 875 900

2,450 Pakistan 3,400 2,850 3,300 4,700 4,500

1,226 Thailand 1,149 1,075 700 925 925

3,679 Turkey 4,024 3,499 4,000 3,700 4,200

5,500 Vietnam 7,000 6,900 6,500 6,950 7,000

5,481 Other 5,409 4,864 4,303 4,293 4,293

37,687 Total 41,150 42,473 39,678 42,843 42,818

Exports none

3,731 Australia 3,915 3,632 1,250 1,000 1,000

825 Benin 1,070 1,300 1,200 1,300 1,300

2,789 Brazil 4,174 6,018 8,600 9,000 9,000

1,155 Burkina 1,225 800 825 900 875

500 Cameroon 400 575 500 575 575

625 Cote d'Ivoire 620 895 725 925 950

1,017 Greece 1,076 1,355 1,400 1,475 1,475

4,550 India 5,182 3,511 3,000 4,500 4,500

1,100 Mali 1,300 1,350 1,175 1,300 1,300

14,917 United States 16,279 14,763 15,000 16,000 16,000

6,688 Other 6,348 6,927 6,138 5,955 5,925

37,897 Total 41,589 41,126 39,813 42,930 42,900

Ending Stocks none

1,630 Bangladesh 1,855 1,783 2,215 2,150 2,450

6,929 Brazil 8,657 12,256 13,881 13,606 13,706

45,919 China 37,993 35,670 37,245 34,120 35,620

7,880 India 9,225 9,314 19,014 19,714 21,114

2,315 Pakistan 2,830 2,495 2,895 3,100 3,270

1,528 Turkey 1,777 1,644 2,344 2,319 2,619

2,750 United States 4,200 4,850 7,300 7,700 8,000

11,312 Other 14,381 12,461 15,663 16,724 17,890

80,263 Total 80,918 80,473 100,557 99,433 104,669


Table 04 Cotton Area, Yield, and Production

From last month From last year

MBalesPercent

Yield

(Kilograms per hectare)

Jun 2018/19 MBales

Country / Region

Area

(Million hectares)

Production

(Million 480 lb. bales)

Change in Production

2018/19

Prel.

2019/20 May May

Prel.

2019/20 Jun

Prel.

2019/20 May Jun Percent

2020/21 Proj.2020/21 Proj. 2020/21 Proj.

2018/19

33.36World -3.44-4.23-0.18-0.22118.7435.00 33.40 33.45 774 765 775 773 118.65 122.97 118.95

4.04United States -2.07-0.410.000.0019.504.70 4.59 4.59 989 922 924 924 18.37 19.91 19.50

29.31Total Foreign -3.71-3.82-0.22-0.2299.2430.30 28.81 28.85 745 741 752 749 100.29 103.06 99.45

none

Western Hemisphere

1.64 Brazil -9.09-1.200.000.0012.001.67 1.55 1.55 1,726 1,721 1,686 1,686 13.00 13.20 12.00

0.24 Mexico -26.75-0.42-6.12-0.081.150.23 0.18 0.17 1,555 1,519 1,524 1,517 1.74 1.57 1.23

0.34 Argentina -3.57-0.0535.000.351.350.46 0.35 0.45 728 670 622 653 1.12 1.40 1.00

0.01 Paraguay 0.000.000.000.000.020.01 0.01 0.01 416 416 416 416 0.02 0.02 0.02

0.02 Peru -3.850.000.000.000.050.01 0.01 0.01 1,169 1,029 1,089 1,089 0.10 0.05 0.05

0.01 Colombia 0.000.000.000.000.070.02 0.02 0.02 1,350 823 987 987 0.06 0.07 0.07

Africa

0.63 Burkina -5.00-0.05-2.56-0.030.950.58 0.61 0.58 294 379 348 360 0.85 1.00 0.98

0.73 Mali 0.000.000.000.001.350.74 0.74 0.74 381 400 397 400 1.27 1.35 1.35

0.39 Cote d'Ivoire 1.010.010.000.001.000.41 0.41 0.41 520 528 531 531 0.94 0.99 1.00

0.25 Cameroon -0.78-0.010.000.000.640.25 0.26 0.25 523 562 546 557 0.60 0.65 0.64

0.65 Benin 0.000.000.000.001.450.68 0.71 0.68 469 468 445 468 1.40 1.45 1.45

0.06 Chad 1.540.010.000.000.330.25 0.26 0.25 145 283 276 287 0.04 0.33 0.33

0.18 Togo 18.180.040.000.000.260.19 0.18 0.18 308 259 314 314 0.26 0.22 0.26

0.02 Senegal 20.690.010.000.000.040.02 0.02 0.02 301 395 381 381 0.03 0.03 0.04

0.14 Egypt -29.51-0.090.000.000.220.10 0.07 0.07 757 664 720 720 0.49 0.31 0.22

0.20 Zimbabwe 5.260.010.000.000.200.20 0.21 0.21 218 207 207 207 0.20 0.19 0.20

0.27 Nigeria 0.000.000.000.000.240.27 0.27 0.27 190 190 190 190 0.24 0.24 0.24

Asia Oceania

3.50 China -2.75-0.750.000.0026.503.45 3.30 3.30 1,726 1,720 1,748 1,748 27.75 27.25 26.50

12.60 India -6.56-2.000.000.0028.5013.30 12.50 12.50 446 499 496 496 25.80 30.50 28.50

2.30 Pakistan 1.610.100.000.006.302.45 2.20 2.20 719 551 623 623 7.60 6.20 6.30

0.13 Kazakhstan -14.86-0.060.000.000.320.13 0.11 0.11 587 644 623 623 0.35 0.37 0.32

0.18 Tajikistan -14.53-0.09-13.04-0.080.500.18 0.18 0.16 502 708 696 680 0.42 0.59 0.58

0.55 Turkmenistan 9.780.090.000.001.010.55 0.60 0.60 364 368 367 367 0.91 0.92 1.01

1.10 Uzbekistan -7.14-0.25-4.41-0.153.251.01 1.00 0.98 648 754 740 726 3.28 3.50 3.40

0.52 Turkey -4.35-0.15-9.59-0.353.300.57 0.50 0.45 1,570 1,318 1,589 1,597 3.75 3.45 3.65

0.38 Australia 172.001.080.000.001.700.06 0.18 0.18 1,261 2,268 2,056 2,056 2.20 0.63 1.70

0.03 Syria 0.000.000.000.000.140.03 0.03 0.03 1,219 1,219 1,219 1,219 0.14 0.14 0.14

0.24 Burma 0.830.010.000.000.730.25 0.24 0.24 637 641 662 662 0.70 0.72 0.73

Europe

0.25 Greece -2.09-0.040.000.001.640.29 0.28 0.28 1,253 1,280 1,275 1,275 1.41 1.68 1.64

1.77Others -0.47-0.022.790.114.052.00 1.85 1.99 448 443 463 442 3.65 4.07 3.94

Note: Yeild for Total Foreign and Others is an incorrect calculation.


(1,000 HA and 1000 480-lb. Bales)

Table 05 Cotton Supply and Distribution MY 2020/21

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 500301228545 Afghanistan 42

0 001211 Albania 1

40 00354500 Algeria 10

0 0051053 Angola 5

5 45005252,5461,350450 Argentina 1,571

0 000000 Armenia 0

0 1,0000352,6121,700180 Australia 1,577

15 00151800 Austria 3

0 3500100591480140 Azerbaijan 141

40 00404800 Bahrain 8

7,100 0107,0009,46014545 Bangladesh 2,450

40 00404600 Belarus 6

30 100203600 Belgium-Luxembour 6

0 1,3000151,9181,450675 Benin 603

2 00101484 Bolivia 4

25 9,00003,20025,90612,0001,550 Brazil 13,706

25 003542102 Bulgaria 7

0 8750251,380950575 Burkina 480

50 5007251,057730240 Burma 282

1 001200 Cambodia 1

0 575020909640250 Cameroon 314

2 002200 Canada 0

0 4000564134 Central African Republic 16

0 225010536330250 Chad 301

0 000000 Chile 0

9,000 125037,00072,74526,5003,300 China 35,620

45 001151526815 Colombia 37

2 0017211530 Congo (Kinshasa) 4

45 00455811 Costa Rica 13

0 9500301,5021,000410 Cote d'Ivoire 522

0 000000 Croatia 0

10 00141644 Cuba 2

0 000000 Cyprus 0

7 007900 Czech Republic 2

0 000000 Denmark 0


(1,000 HA and 1000 480-lb. Bales)

Table 05 Cotton Supply and Distribution MY 2020/21 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

1 004534 Dominican Republic 1

60 00609093 Ecuador 30

550 2001056095921565 Egypt 189

165 0016522011 El Salvador 55

15 00151800 Estonia 3

20 5027535024082 Ethiopia 70

35 00354300 France 8

70 00759100 Germany 16

0 15010372815 Ghana 12

30 1,47525901,9351,640280 Greece 345

135 0013518532 Guatemala 50

0 1800211813 Guinea 3

5 00101157 Haiti 1

26 00303542 Honduras 5

5 500800 Hong Kong 3

3 300300 Hungary 0

1,100 4,500023,00048,61428,50012,500 India 21,114

3,050 503,0003,73333 Indonesia 728

250 0052569527580 Iran 170

35 0050731510 Iraq 23

0 000000 Ireland 0

2 350449354 Israel 10

145 5013019600 Italy 61

220 0022526400 Japan 39

0 250060493315110 Kazakhstan 183

15 0040642826 Kenya 24

95 001402155519 Korea, North 75

550 5055067600 Korea, South 121

0 1050013011518 Kyrgyzstan 25

7 106900 Latvia 2

5 005600 Lebanon 1

80 008511000 Lesotho 25

0 000000 Lithuania 0

5 005600 North Macedonia 1

0 10020453020 Madagascar 15


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 80051649080 Malawi 79

750 40003751,89600 Malaysia 1,121

0 1,3000251,9711,350735 Mali 646

120 0011514600 Mauritius 31

900 200251,8002,6601,150165 Mexico 635

50 00507200 Moldova 22

30 00303911 Morocco 9

0 10505201115125 Mozambique 91

15 00151700 Netherlands 2

0 90112104 Nicaragua 2

0 6031495 Niger 5

10 600185354235270 Nigeria 109

4,500 1002510,30013,6956,3002,200 Pakistan 3,270

0 000000 Panama 0

10 15015382111 Paraguay 8

250 203003805010 Peru 78

65 00658521 Philippines 20

17 00172000 Poland 3

175 0016522600 Portugal 61

1 001200 Romania 1

75 00859900 Russia 14

0 3500393520 Senegal 4

8 0081000 Serbia 2

3 300400 Singapore 1

1 001100 Slovakia 0

8 0081000 Slovenia 2

3 001011712 Somalia 1

50 13009046220040 South Africa 242

10 27502534230065 Spain 42

5 00101255 Sri Lanka 2

0 475070844600200 Sudan 299

0 000000 Sweden 0

2 002300 Switzerland 1

0 7006519414025 Syria 59

425 5042555900 Taiwan 129


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 350080921500160 Tajikistan 491

0 2750160980550580 Tanzania 545

925 0258501,03021 Thailand 155

0 235015342260180 Togo 92

20 003035102 Tunisia 5

4,200 32506,9009,8443,300450 Turkey 2,619

0 20008001,7341,010600 Turkmenistan 734

0 150015308170100 Uganda 143

5 005600 Ukraine 1

2 002300 United Kingdom 1

5 16,00052,80026,80519,5004,593 United States 8,000

0 000000 Uruguay 0

0 10003,1004,6083,250975 Uzbekistan 1,408

15 00951358515 Venezuela 40

7,000 006,8008,59431 Vietnam 1,794

0 3025342818 Yemen 6

0 18005518200120 Zambia 333

0 1751030384200210 Zimbabwe 169

World

42,818 42,900135114,409262,113118,73833,447 World 104,669


(1000 MT and 1000 HA)

Table 05A Cotton Supply and Distribution MY 2020/21

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 1107271945 Afghanistan 9

0 000001 Albania 0

9 0081000 Algeria 2

0 001213 Angola 1

1 980114554294450 Argentina 342

0 000000 Armenia 0

0 21808569370180 Australia 343

3 003400 Austria 1

0 76022129105140 Azerbaijan 31

9 0091000 Bahrain 2

1,546 021,5242,0603245 Bangladesh 533

9 0091000 Belarus 1


0 28303418316675 Benin 131

0 002324 Bolivia 1

5 1,96006975,6402,6131,550 Brazil 2,984

5 008922 Bulgaria 2

0 19105300207575 Burkina 105

11 110158230159240 Burma 61

0 000000 Cambodia 0

0 12504198139250 Cameroon 68

0 000000 Canada 0


0 490211772250 Chad 66

0 000000 Chile 0

1,960 2708,05615,8395,7703,300 China 7,755

10 0025331515 Colombia 8


10 00101301 Costa Rica 3

0 20707327218410 Cote d'Ivoire 114

0 000000 Croatia 0

2 003314 Cuba 0

0 000000 Cyprus 0


0 000000 Denmark 0


(1000 MT and 1000 HA)

Table 05A Cotton Supply and Distribution MY 2020/21 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country


13 00132023 Ecuador 7

120 4421222094765 Egypt 41

36 00364801 El Salvador 12

3 003400 Estonia 1

4 1060765282 Ethiopia 15

8 008900 France 2

15 00162000 Germany 3

0 3028615 Ghana 3

7 321520421357280 Greece 75

29 00294012 Guatemala 11

0 4005413 Guinea 1

1 002217 Haiti 0

6 007812 Honduras 1


1 100100 Hungary 0

239 98005,00810,5856,20512,500 India 4,597

664 1065381313 Indonesia 159

54 001141516080 Iran 37

8 001116310 Iraq 5

0 000000 Ireland 0

0 8011184 Israel 2

32 10284300 Italy 13

48 00495700 Japan 8

0 5401310769110 Kazakhstan 40

3 00914626 Kenya 5

21 0030471219 Korea, North 16

120 1012014700 Korea, South 26

0 2300282518 Kyrgyzstan 5

2 001200 Latvia 0

1 001100 Lebanon 0

17 00192400 Lesotho 5



0 20410720 Madagascar 3


(1000 MT and 1000 HA)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 1701362080 Malawi 17

163 8708241300 Malaysia 244

0 28305429294735 Mali 141

26 00253200 Mauritius 7

196 445392579250165 Mexico 138

11 00111600 Moldova 5

7 007801 Morocco 2

0 23014425125 Mozambique 20



0 101325 Niger 1

2 130407751270 Nigeria 24

980 2252,2432,9821,3722,200 Pakistan 712

0 000000 Panama 0

2 3038511 Paraguay 2

54 0065831110 Peru 17


4 004400 Poland 1

38 00364900 Portugal 13

0 000000 Romania 0

16 00192200 Russia 3

0 8008820 Senegal 1

2 002200 Serbia 0


0 000000 Slovakia 0

2 002200 Slovenia 0

1 0022212 Somalia 0

11 280201014440 South Africa 53

2 6005746565 Spain 9

1 002315 Sri Lanka 0

0 103015184131200 Sudan 65

0 000000 Sweden 0


0 15014423025 Syria 13

93 109312200 Taiwan 28


(1000 MT and 1000 HA)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 76017201109160 Tajikistan 107

0 60035213120580 Tanzania 119

201 0518522401 Thailand 34

0 51037457180 Togo 20

4 007822 Tunisia 1

914 7101,5022,143718450 Turkey 570

0 440174378220600 Turkmenistan 160

0 33036737100 Uganda 31

1 001100 Ukraine 0


1 3,48416105,8364,2464,593 United States 1,742

0 000000 Uruguay 0

0 2206751,003708975 Uzbekistan 307

3 0021291915 Venezuela 9

1,524 001,4811,87111 Vietnam 391

0 1057618 Yemen 1

0 390111344120 Zambia 73

0 38278444210 Zimbabwe 37

World

9,323 9,3402924,91057,06925,85233,447 World 22,789


(1,000 HA and 1000 480-lb. Bales)

Table 06: Cotton Supply and Distribution by Country 2019/20

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 500201079048 Afghanistan 37

0 001211 Albania 1

30 00303500 Algeria 5

0 0051052 Angola 5

0 42504802,0961,400455 Argentina 1,191

0 000000 Armenia 0

0 1,2500352,19762560 Australia 912

15 00151800 Austria 3

0 350080541480140 Azerbaijan 111

40 00404800 Bahrain 8

6,500 0106,2008,42514245 Bangladesh 2,215

40 00404600 Belarus 6


0 1,2000151,6831,450675 Benin 468

2 00101484 Bolivia 4

25 8,60003,00025,48113,2001,670 Brazil 13,881

25 003542102 Bulgaria 7

0 8250251,2801,000575 Burkina 430

50 400675992724246 Burma 277

1 001200 Cambodia 1

0 500020789645250 Cameroon 269

2 002200 Canada 0


0 170010386325250 Chad 206

0 000000 Chile 0

7,500 175033,00070,42027,2503,450 China 37,245

65 501201646818 Colombia 39


42 00455711 Costa Rica 12

0 7250301,257990408 Cote d'Ivoire 502

0 000000 Croatia 0

10 00141644 Cuba 2

0 000000 Cyprus 0


0 000000 Denmark 0


(1,000 HA and 1000 480-lb. Bales)

Table 06: Cotton Supply and Distribution by Country 2019/20 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country


60 00658693 Ecuador 21

450 22510550979305100 Egypt 194

170 0016021411 El Salvador 54

15 00151800 Estonia 3

30 10025035025080 Ethiopia 90

40 50354800 France 8

90 1007510600 Germany 21

0 20010392815 Ghana 9

30 1,40025801,7701,675285 Greece 265

150 0014018732 Guatemala 47

0 1800211812 Guinea 3

5 00101157 Haiti 1

26 00303542 Honduras 5


3 300300 Hungary 0

2,200 3,000020,00042,01430,50013,300 India 19,014

2,850 502,7003,38533 Indonesia 680

250 0050067027580 Iran 170

35 0050731510 Iraq 23

0 000000 Ireland 0

2 400456435 Israel 12

160 5012518100 Italy 51

230 0022026400 Japan 44

0 275060513370125 Kazakhstan 178

15 0040612825 Kenya 21

95 001402055519 Korea, North 65

585 20060074600 Korea, South 126

0 1050012011518 Kyrgyzstan 15

7 106900 Latvia 2

5 005600 Lebanon 1

90 008511500 Lesotho 30



0 10020453020 Madagascar 15


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 70051499080 Malawi 74

1,300 37503251,84600 Malaysia 1,146

0 1,1750251,8211,350735 Mali 621

120 0011514100 Mauritius 26

525 525251,7002,8601,570225 Mexico 610

70 00608200 Moldova 22

35 00354311 Morocco 8

0 9505186115125 Mozambique 86



0 6031495 Niger 5

10 300175314235270 Nigeria 109

3,300 75259,00011,9956,2002,450 Pakistan 2,895

0 000000 Panama 0

8 15014362111 Paraguay 7

220 202703525211 Peru 80


17 00172000 Poland 3

160 0015020100 Portugal 51

1 001200 Romania 1

100 0010512900 Russia 24

0 3000342916 Senegal 4

8 0081000 Serbia 2


1 001100 Slovakia 0

8 0081000 Slovenia 2

3 001011712 Somalia 1

50 10008539713128 South Africa 212

15 30002035231366 Spain 32

5 00101255 Sri Lanka 2

0 425070739600200 Sudan 244

0 000000 Sweden 0


0 5006016414025 Syria 54

400 10040054400 Taiwan 134


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 400070891585180 Tajikistan 421

0 2500165845595600 Tanzania 430

700 12575087921 Thailand 103

0 200015297220185 Togo 82

20 003035102 Tunisia 5

4,000 35006,4009,0943,450570 Turkey 2,344

0 10007251,549920545 Turkmenistan 724

0 14001529317089 Uganda 138

5 005600 Ukraine 1


5 15,000-322,50024,76819,9134,700 United States 7,300

0 000000 Uruguay 0

0 30003,0004,6583,5001,010 Uzbekistan 1,358

15 00851208515 Venezuela 35

6,500 006,1007,69131 Vietnam 1,591

0 3025342818 Yemen 6

0 12505448210130 Zambia 318

0 1251030349190200 Zimbabwe 184

World

39,678 39,81398102,653243,121122,97035,000 World 100,557


(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2019/20

Area

Harvested

Ending

Stocks

ExportsLossUseImportsProductio

n

Country

0 811042048 Afghanistan

0 000001 Albania

7 100700 Algeria

0 100112 Angola

0 259930105305455 Argentina

0 000000 Armenia

0 1992720813660 Australia

3 100300 Austria

0 2476017105140 Azerbaijan

9 200900 Bahrain

1,415 482021,3503145 Bangladesh

9 100900 Belarus

7 120400 Belgium-Luxembour

0 10226103316675 Benin

0 100224 Bolivia

5 3,0221,87206532,8741,670 Brazil

5 200822 Bulgaria

0 9418005218575 Burkina

11 6090147158246 Burma

0 000000 Cambodia

0 5910904140250 Cameroon

0 000000 Canada

0 3900934 Central African Republic

0 45370271250 Chad

0 000000 Chile

1,633 8,1093807,1855,9333,450 China

14 810261518 Colombia

0 1004330 Congo (Kinshasa)

9 3001001 Costa Rica

0 10915807216408 Cote d'Ivoire

0 000000 Croatia

2 000314 Cuba

0 000000 Cyprus

2 000200 Czech Republic

0 000000 Denmark


(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2019/20 (Continued)

Area

Harvested

Ending

Stocks


n

Country

0 000114 Dominican Republic

13 5001423 Ecuador

98 4249212066100 Egypt

37 12003501 El Salvador

3 100300 Estonia

7 2020545480 Ethiopia

9 210800 France

20 5201600 Germany

0 2402615 Ghana

7 58305517365285 Greece

33 10003012 Guatemala

0 1400412 Guinea

1 000217 Haiti

6 100712 Honduras

1 110000 Hong Kong

1 010000 Hungary

479 4,14065304,3556,64113,300 India

621 1481058813 Indonesia

54 37001096080 Iran

8 50011310 Iraq

0 000000 Ireland

0 390195 Israel

35 11102700 Italy

50 10004800 Japan

0 396001381125 Kazakhstan

3 5009625 Kenya

21 1400301219 Korea, North

127 274013100 Korea, South

0 323002518 Kyrgyzstan

2 000100 Latvia

1 000100 Lebanon

20 7001900 Lesotho

0 000000 Lithuania

1 000100 North Macedonia

0 3204720 Madagascar


(1,000 Metric Tons)


Area

Harvested

Ending

Stocks


n

Country

0 1615012080 Malawi

283 2508207100 Malaysia

0 13525605294735 Mali

26 6002500 Mauritius

114 1331145370342225 Mexico

15 5001300 Moldova

8 200801 Morocco

0 19210125125 Mozambique

3 000300 Netherlands

0 020024 Nicaragua

0 110125 Niger

2 24703851270 Nigeria

718 6301651,9601,3502,450 Pakistan

0 000000 Panama

2 2303511 Paraguay

48 1700591111 Peru

14 4001301 Philippines

4 100400 Poland

35 11003300 Portugal

0 000000 Romania

22 5002300 Russia

0 1700616 Senegal

2 000200 Serbia

1 010000 Singapore

0 000000 Slovakia

2 000200 Slovenia

1 0002212 Somalia

11 46220192928 South Africa

3 765046866 Spain

1 000215 Sri Lanka

0 5393015131200 Sudan

0 000000 Sweden

0 000000 Switzerland

0 12110133025 Syria

87 29208700 Taiwan


(1,000 Metric Tons)


Area

Harvested

Ending

Stocks


n

Country

0 9287015127180 Tajikistan

0 9454036130600 Tanzania

152 220516301 Thailand

0 18440348185 Togo

4 100722 Tunisia

871 5107601,393751570 Turkey

0 158220158200545 Turkmenistan

0 3030033789 Uganda

1 000100 Ukraine

0 000000 United Kingdom

1 1,5893,266-75444,3364,700 United States

0 000000 Uruguay

0 2966506537621,010 Uzbekistan

3 800191915 Venezuela

1,415 346001,32811 Vietnam

0 1105618 Yemen

0 69270146130 Zambia

0 40272741200 Zimbabwe

World

8,639 21,8948,6682122,35026,77435,000 World


Table 09: World Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Beginning

Stocks

Area

Harvested

Production Imports Total

Supply

Exports Use Loss Total Dom.

Cons.

Ending

Stocks

Stock to

Use %

World

2924,98487,13923486,90531,357143,48032,70379,72031,69631,057 1989/90

3227,47385,69417085,52429,560142,72730,57887,16533,15324,984 1990/91

4336,97186,55636886,18828,204151,73129,02495,23434,75827,473 1991/92

4034,51086,4006386,33725,435146,34527,06782,30732,64336,971 1992/93

3327,83385,70314385,56026,620140,15627,96777,67930,71834,510 1993/94

3832,02084,292-33084,62228,118144,43030,30086,29732,25027,833 1994/95

4740,13585,396-54485,94027,396152,92727,00493,90335,92032,020 1995/96

5144,63987,351-58587,93626,777158,76728,57990,05333,74040,135 1996/97

5749,47386,686-58187,26726,777162,93625,92992,36833,79744,639 1997/98

6252,85883,651-1,11484,76523,517160,02624,48086,07332,88549,473 1998/99

5651,14490,490-60291,09227,126168,76027,99387,90932,35052,858 1999/00

5449,56290,724-1,42492,14826,156166,44226,20989,08932,01151,144 2000/01

5854,68093,601-78194,38229,081177,36229,29798,50333,71749,562 2001/02

4947,88297,608-80498,41230,400175,89030,18891,02230,75654,680 2002/03

4948,37697,179-90998,08833,152178,70734,15096,67532,25847,882 2003/04

5660,977107,960-1,245109,20534,949203,88633,965121,54535,65848,376 2004/05

5361,906115,178-1,793116,97144,922222,00644,668116,36134,72060,977 2005/06

5162,987122,493-1,715124,20837,416222,89638,305122,68534,57661,906 2006/07

5061,878121,743-2,094123,83738,868222,48939,453120,04932,87862,987 2007/08

5661,453108,860-1,436110,29630,207200,52030,573108,06930,62261,878 2008/09

3946,179119,482-12119,49435,804201,46536,928103,08430,18761,453 2009/10

4349,273115,591119115,47234,910199,77436,297117,29833,82646,179 2010/11

6972,035103,876-210104,08646,029221,94045,423127,24436,05649,273 2011/12

8389,326107,880-343108,22346,360243,56647,630123,90134,31672,035 2012/13

9199,904109,97892109,88641,007250,88941,204120,35932,85589,326 2013/14

95106,749112,479268112,21135,958255,18636,065119,21733,86599,904 2014/15

8090,159113,476264113,21234,721238,35635,44496,16330,752106,749 2015/16

6980,263116,363206116,15737,897234,52337,687106,67729,76190,159 2016/17

6680,918122,865117122,74841,589245,37241,150123,95933,75580,263 2017/18

6780,473120,446117120,32941,126242,04542,473118,65433,35680,918 2018/19

98100,557102,75198102,65339,813243,12139,678122,97035,00080,473 2019/20

91104,669114,544135114,40942,900262,11342,818118,73833,447100,557 2020/21


Table 10: United States Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Area

Harvested

Yield Beginning

Stocks


Supply

Exports Use Loss Ending

Stocks

Stock to

Use %

United States

183,000-1638,7597,69419,290212,1967,0926883,860 1989/90

142,344-2858,6577,79318,509415,5053,0007114,748 1990/91

233,70489,6136,64619,9711317,6142,3447315,245 1991/92

304,662-19010,2505,20119,923116,2183,7047854,501 1992/93

203,530-810,4186,86220,802616,1344,6626795,173 1993/94

132,650-3811,1989,40223,2122019,6623,5307945,391 1994/95

142,6092710,6477,67520,95840817,9002,6506026,478 1995/96

223,971-811,1266,86521,95440318,9422,6097915,216 1996/97

213,8874111,3497,50022,7771318,7933,9717545,425 1997/98

273,939-39410,4014,29818,24443913,9183,8877014,324 1998/99

233,91514510,1946,75021,0049716,9683,9396805,433 1999/00

386,000-4838,8626,74021,1191617,1883,9157085,282 2000/01

407,4481807,69611,00026,3242120,3036,0007905,596 2001/02

285,3851667,27311,90024,7246717,2097,4487465,025 2002/03

173,4502116,26613,75823,6854518,2555,3858184,858 2003/04

265,4951086,69114,43626,7302923,2513,4509585,284 2004/05

266,069-2005,87117,67329,4132823,8905,4959315,586 2005/06

539,4793034,93512,95927,6761921,5886,0699125,152 2006/07

5510,0514294,58413,63428,6981219,2079,4799854,245 2007/08

386,337-2633,54113,26122,876012,82510,0519123,063 2008/09

192,947-143,55012,03718,520012,1836,3378703,049 2009/10

142,6001823,90014,37621,058918,1022,9479104,330 2010/11

223,350-1723,30011,71418,1921915,5732,6008863,829 2011/12

233,8003483,50013,02620,6741017,3143,3509993,772 2012/13

172,3502923,55010,53016,7221312,9093,8009213,051 2013/14

253,6502103,57511,24618,6811216,3192,3509393,785 2014/15

303,8001683,4509,15316,5713312,8883,6508593,268 2015/16

152,750603,25014,91720,977717,1703,8009723,848 2016/17

224,200-283,22516,27923,676320,9232,7501,0144,492 2017/18

274,850-182,97514,76322,570318,3674,2009894,043 2018/19

427,300-322,50015,00024,768519,9134,8509224,700 2019/20

438,00052,80016,00026,805519,5007,3009244,593 2020/21


Table 11: Foreign Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Area

Harvested

Yield Beginning

Stocks


Supply

Exports Use Loss Ending

Stocks

Total Foreign

25,12945576,86721,767124,21830,57471,66021,98454928,405 1990/91

33,26736076,57521,558131,76029,01177,62025,12957329,513 1991/92

29,84825376,08720,234126,42227,06666,08933,26751128,142 1992/93

24,30315175,14219,758119,35427,96161,54529,84852525,545 1993/94

29,370-29273,42418,716121,21830,28066,63524,30354026,859 1994/95

37,526-57175,29319,721131,96926,59676,00329,37056229,442 1995/96

40,668-57776,81019,912136,81328,17671,11137,52654328,524 1996/97

45,586-62275,91819,277140,15925,91673,57540,66856528,372 1997/98

48,919-72074,36419,219141,78224,04172,15545,58655028,561 1998/99

47,229-74780,89820,376147,75627,89670,94148,91957426,917 1999/00

43,562-94183,28619,416145,32326,19371,90147,22958626,729 2000/01

47,232-96186,68618,081151,03829,27678,20043,56260528,121 2001/02

42,497-97091,13918,500151,16630,12173,81347,23262525,731 2002/03

44,926-1,12091,82219,394155,02234,10578,42042,49762327,400 2003/04

55,482-1,353102,51420,513177,15633,93698,29444,92670530,374 2004/05

55,837-1,593111,10027,249192,59344,64092,47155,48269129,134 2005/06

53,508-2,018119,27324,457195,22038,286101,09755,83774829,424 2006/07

51,827-2,523119,25325,234193,79139,441100,84253,50876728,633 2007/08

55,116-1,173106,75516,946177,64430,57395,24451,82775227,559 2008/09

43,2322115,94423,767182,94536,92890,90155,11672927,138 2009/10

46,673-63111,57220,534178,71636,28899,19643,23273229,496 2010/11

68,685-38100,78634,315203,74845,404111,67146,67375432,227 2011/12

85,526-691104,72333,334222,89247,620106,58768,68576030,544 2012/13

97,554-200106,33630,477234,16741,191107,45085,52678529,804 2013/14

103,09958108,63624,712236,50536,053102,89897,55474530,080 2014/15

86,35996109,76225,568221,78535,41183,275103,09966027,484 2015/16

77,513146112,90722,980213,54637,68089,50786,35975225,913 2016/17

76,718145119,52325,310221,69641,147103,03677,51376729,263 2017/18

75,623135117,35426,363219,47542,470100,28776,71874529,313 2018/19

93,257130100,15324,813218,35339,673103,05775,62374130,300 2019/20

96,669130111,60926,900235,30842,81399,23893,25774928,854 2020/21


June 2020 India: Record 2020/21 Stocks Despite …...AMS Cotton Market News Jun-20, 65.7 Jun-20,...

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