The US Department Of Agriculture Reported October That All Cotton Production Is Estimated To Be 16 Million 600 Thousand Packs.
According to the report of the US Department of agriculture statistics, the October report shows that all cotton production is estimated at 16 million 600 thousand bales (480 pounds / pack), slightly higher than last month's report, but 8% less than last year.
The average yield is estimated at 809 pounds per harvest per mu, 3% less than last year.
The output of upland cotton is estimated at 15 million 900 thousand bales (480 pounds / pack), a decrease of 10% compared with 2010.
The US Pima cotton production is estimated at 737200 packs, unchanged from last month's report.
Compared with last month's report, 2011-12 years of American cotton
Exit
Expected downgrades and end inventory upgrades.
Output increased by 52000 packs.
The consumption of domestic textile mills has not been adjusted, but exports have been reduced because of the decrease in foreign import demand.
The final inventory is now estimated at 3 million 900 thousand bales.
The inventory to consumption ratio is 25.2%, higher than the previous two years, but lower than the 5 annual average ratio.
The average price received by growers is estimated at 87.5 cents -102.5 cents / pound, and the ends of each section are narrowed by 2.5 cents.
The world cotton forecast for the year 2011-12 includes:
Supply quantity
Up regulation, consumption reduction and ending inventory increase.
Inventories were raised by about 900000 packs at the beginning of the year, mainly due to the readjustment of data in Brazil and Bangladesh last year.
The world's output increased by 1 million 200 thousand packs due to the increase in output in Australia, India, Brazil, Pakistan and Mali, with an increase of more than that in China.
World cotton consumption has decreased by nearly 850000 packages, reflecting the current low demand and weaker world economic growth expectations.
As output increased and consumption decreased, world trade volume fell 2% from last month's report, including China.
Imported
Reduce 500000 packs.
World end inventory is expected to increase by nearly 3 million bales to 54 million 800 thousand bales.
The inventory to consumption ratio of the world is 48%, slightly higher than that of the previous 5 years.
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