US Department Of Agriculture Announces August 2011 Cotton Supply And Demand Forecast Report
US Department of agriculture (USDA) August global cotton
Supply and demand forecast
The monthly report lowered the global cotton consumption and output in 2010/11 and 2011/12 this month, and increased the global end inventory of 320 thousand tons in 2011/12. The initial inventory in 2011/12 also increased by 130 thousand tons, mainly due to consumption at the end of 2010/11.
Fatigued and weak
。
2011/12, due to
Brazil
Wu
Buick
The output of Buji's FASCO and Benin has been cut down, and the global cotton output has been cut by 100 thousand tons. In addition, the revision of last year's consumption and the growth rate of only 1% of consumption also reflect the continuous demand for cotton fiber.
Fatigued and weak
And the competitiveness of chemical fiber and other alternatives.
The volume of Global trade has also been lowered.
The end of the world inventory is expected to be 11 million 470 thousand tons, the inventory consumption ratio of 44%, higher than the first two years, but still lower than the historical average water?
This month's report also raised the output, export volume and final inventory of US cotton in 2011/12. The US Department of agriculture's first production survey showed that the acquisition area of cotton was 58 million 880 thousand mu, and 30% of the sowing cotton was abandoned due to severe drought. The output was estimated to be 3 million 600 thousand tons, increasing by 120 thousand tons, but still 9% lower than that in 2010/11. The amount of cotton used in the United States was 827 thousand tons, but the export volume was increased to 2 million 680 thousand tons due to the increase in supply. The end of the stock was expected to be 720 thousand tons, 16% higher than that at the beginning of the year, and the average price range of 2011/12 was 85-105 cents per pound (+ 5 per cent).
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