Global cotton market will continue to maintain a large supply of global cotton supply cotton imports

recently, World Agricultural Outlook board (WAOB) published in 2012 August cotton supply and demand estimates.

the United States cotton season cotton supply and demand estimates compared with the previous month, including production and ending stocks rose. With production up by 651000, reached 17700000, up nearly 4%. According to the United States Department of agriculture (USDA) of the first crop survey, the United States domestic cotton consumption remain unchanged.

according to the forecast, the United States of America cotton exports still reached 12100000 package, the stocks are forecast at 5500000 bales, roughly equivalent to the total amount of 35%.

in the 2012/2013 annual sales season, the average price of cotton producers sell shrank by 1%, to about 61 cents / lb ~79 cents / lb.

2012/2013 global cotton market will continue to maintain a larger supply and final inventory. Compared with the initial inventory, our final stock up close to 2000000 packets, this is 2011/2012 annual adjustment results.

in 2011/2012 year, the growth of China's cotton imports, the reduction of consumption. At the same time, China's high inventory levels were offset by Australia, Malaysia, Pakistan and other countries with low initial inventory, so the net inventory global growth is 1100000.

the United States of America, Burkina Faso, Ma Lan and China's cotton production has increased, but were offset by lower yield of India, Brazil, Argentina and other countries, so the world cotton production is forecast at 300000 bales.

because of China's and Pakistan's cotton consumption has reduced, the world cotton consumption will be reduced to 820000. The rise of

the world cotton stocks to 74700000. Including our own cotton stocks, growth close to 2400000 packets, the United States, Pakistan and Uzbekistan cotton stocks with smaller growth, India, Australia and Brazil's cotton production has declined, so these countries inventory decreased.

according to the forecast, China's cotton inventory of about 34200000 packets, accounts for the world final inventory forecast of 46% (assuming that our national cotton reserve a net increase of 20%).