USDA Indicates 2013 To 2014 Reduction In Total Cotton Demand In The United States

< p > 2013/14 cotton demand in the United States is expected to be reduced by 10% to 15 million packages, compared with approximately 16 million 700 thousand packages in 2012/13.

The supply of cotton in the United States is small and foreign import demand is decreasing, especially in China, making the demand for us cotton down by nearly 2011/12.

Exports are expected to decrease, while 2013/14 < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > plant consumption is expected to increase.

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Exports are still the largest demand for cotton in the United States. Exports are expected to be 11 million 500 thousand packages, and 2013/14 exports are expected to account for 77% of the total cotton demand.

In 2012/13, US exports will exceed the previous year, as China continues to expand imports, China's imports are larger than its initial expectations, and the US share of world trade in 2012/13 is expected to be 29%.

In 2013/14, world trade is expected to drop to its lowest level in 3 years, but the US trade ratio is expected to remain at 29%, as foreign cotton supply outside China is expected to decrease in 2013/14.

Similarly, China expects to reduce imports in 2013/14, and by the end of the year, China's national reserve is expected to hold more than 50% of world cotton stocks.

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< p > 2013/14 the amount of US cotton mill is expected to reach 3 million 500 thousand packs, which is 3% higher than the latest 2012/13 assessment (3 million 400 thousand packs).

Due to a slight increase in the consumption of textile mills worldwide, the demand for American cotton textile products in 2013/14 is also expected to improve, because consumers' demand for cotton < a target= "_blank" href= "//www.sjfzxm.com/" > clothing /a > follows the global economic development.

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< p > cotton demand in the United States is expected to exceed production in the first 3 years, and the end of 2013/14 is expected to be lower than 2012/13.

By July 31, 2014, the inventory is expected to be 3 million bales, 1 million fewer than the beginning of the year.

The inventory to consumption ratio is estimated to be 20%, lower than 2012/13, but similar to the average in the last 4 years.

According to these initial supply and demand expectations, the 2013/14 American land cotton farm price is estimated at 68 cents -88 cents / pound.

According to the middle point of this interval, farm prices will be 6 cents higher than the estimated 72 cents / pound in 2012/13.

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