The USDA released its World Cotton Supply and Demand estimates on July 11, 2008.
|
|
2008/09 |
| Item |
2007/08 |
May |
June |
July |
|
|
|
|
|
|
Million 480-lb. bales |
| Supply: |
|
|
|
|
| Beginning stocks-- |
|
|
|
|
| World |
62.98 |
61.55 |
61.82 |
61.26 |
| Foreign |
53.51 |
51.65 |
51.62 |
51.06 |
| Production-- |
|
|
|
|
| World |
119.91 |
118.00 |
116.43 |
114.94 |
| Foreign |
100.71 |
103.50 |
101.93 |
100.94 |
| Imports-- |
|
|
|
|
| World |
39.02 |
41.00 |
40.89 |
39.88 |
| Foreign |
39.00 |
40.99 |
40.88 |
39.87 |
|
|
|
|
|
| Use: |
|
|
|
|
| Mill use-- |
|
|
|
|
| World |
124.25 |
127.00 |
127.16 |
125.91 |
| Foreign |
119.65 |
122.70 |
122.86 |
121.51 |
| Exports-- |
|
|
|
|
| World |
38.85 |
41.00 |
40.87 |
39.89 |
| Foreign |
24.95 |
26.50 |
25.87 |
25.39 |
| Ending stocks-- |
|
|
|
|
| World |
61.26 |
55.55 |
54.09 |
53.24 |
| Foreign |
51.06 |
49.95 |
48.69 |
47.94 |
|
|
|
|
|
|
Percent |
|
|
|
|
|
| Stocks-to-use ratio: |
|
|
|
|
| World |
49.3 |
43.7 |
42.5 |
42.3 |
| Foreign |
42.7 |
40.7 |
39.6 |
39.5 |
Source: USDA, World Agricultural Outlook Board
|
