Continued tight supply of global cotton

Recently, the United States FC Stone for the U.S. Department of Agriculture (USDA) 3 monthly report released forward-looking U.S. cotton supply and demand forecasts, data adjusted slightly.

    In yield, ginning and classification of the United States has been completed, U.S. cotton production expected this year will remain at 3.984 million tons. And consumption, according to statistics the U.S. Census Bureau in January this year U.S. domestic cotton consumption should be
827,000 tons or so. Therefore, the previous forecast of 806,000 tons is expected to increase slightly.
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    According to recently released USDA weekly export of U.S. cotton, Feb. 18 ~ Feb. 24 this week, the U.S. Net Upland sales of 33,373 tons contracted, up 118% over the previous week, the level of the previous 4 weeks, 50% higher. Bangladesh signed the increase in area (10,515 tons

), Turkey (6,879 tons), Vietnam (3,766 tons), Mexico (2,787 tons) and Peru (2046 tons). 2010/2011 new contract 54,425 tons of cotton, mainly exported to mainland China (23,098 tons), Turkey (5,203 tons), South Africa (4593 tons), China and Taiwan

Bay (4093 tons) and Vietnam (3,788 tons). Just a week, the net contract sales of U.S. cotton, as much as doubled, FC Stone estimated U.S. cotton exports this year will increase to 3.462 million tons. Although the phenomenon of an increase in breach of contract, but due to the recent speed of shipment

In the past week for 6 weeks of U.S. cotton shipments continued to over 87,000 tons, so the final export volume is expected to exceed previous forecasts.

    In addition, due to increased supply and demand will remain basically unchanged, could lower U.S. cotton ending stocks to 35.9 million tons, stock consumption ratio to fall to 8.4%, or the lowest level in half a century.

    Currently, the industry's attention focused on the global cotton production and area of ??the northern hemisphere spring. Recently, the National Advisory Committee on Indian cotton production forecast this year to reduce 28 million tons of cotton; the same time, in February China National Cotton Market Monitoring System

(NCMMS) will reduce the chain of cotton production forecast of about 10,000 tons; In addition, affected by the weather, cotton production in Australia may also be reduced by 5% to 7%. There are signs that the global cotton supply is still tight, the recent USDA is likely to be 25.09 million tons in the whole previously

Global production forecast by 218,000 tons, is expected to high cotton prices will continue into the second half of this year. a