Cotton Supply and Demand

Print Version

Estimates from the World Agricultural Outlook Board of USDA

MY 2011-12

Million 480-Lb. Bales

Month Beginning Stocks Production Imports Mill Use Exports Ending Stocks S-U-R
Ratio

World

May

42.52

124.72

39.86

119.50

39.87

47.93

40.1%

June

43.24

123.77

39.41

118.95

39.42

48.25

40.6%

July

44.40

123.16

38.29

116.75

38.29

51.00

43.7%

August

44.99

122.71

37.58

115.18

37.59

52.66

45.7%

September

43.97

122.96

37.31

115.22

37.30

51.91

45.1%

October

44.87

124.19

36.53

114.38

36.51

54.83

47.9%

November

45.22

123.89

36.31

114.27

36.33

54.96

48.1%

December

45.49

123.42

36.55

111.34

36.57

57.67

51.8%

January

45.35

122.84

36.51

109.99

36.52

58.35

53.1%

February

46.99

123.34

37.42

109.71

37.42

60.77

55.4%

United States

May

1.75

18.00

0.01

3.80

13.50

2.50

14.5%

June

2.25

17.00

0.01

3.80

13.00

2.50

14.9%

July

2.75

16.00

0.01

3.80

12.00

3.00

19.0%

August

2.85

16.55

0.01

3.80

12.30

3.30

20.5%

September

2.60

16.56

0.01

3.80

12.0

3.40

21.5%

October

2.60

16.61

0.01

3.80

11.50

3.90

25.5%

November

2.60

16.30

0.01

3.80

11.30

3.80

25.2%

December

2.60

15.83

0.01

3.60

11.30

3.50

23.5%

January

2.60

15.67

0.01

3.60

11.00

3.70

25.3%

February

2.60

15.67

0.01

3.50

11.00

3.80

26.2%

Total Foreign

May

40.77

106.72

39.86

115.70

26.37

45.43

32.0%

June

40.99

106.77

39.41

115.15

26.42

45.75

32.3%

July

41.65

107.16

38.28

112.95

26.29

48.00

34.5%

August

42.14

106.16

37.58

111.38

25.29

49.36

36.1%

September

41.37

106.41

37.30

111.42

25.30

48.51

35.5%

October

42.27

107.58

36.52

110.58

25.01

50.93

37.6%

November

42.62

107.59

36.30

110.47

25.03

51.16

37.8%

December

42.89

107.59

36.54

107.74

25.27

54.17

40.7%

January

42.75

107.16

36.50

106.39

25.52

54.65

41.4%

February

44.39

107.67

37.41

106.21

26.42

56.97

43.0%

China

May

12.17

33.00

16.00

48.00

0.05

13.12

27.3%

June

11.67

33.00

16.00

47.50

0.05

13.12

27.6%

July

11.62

33.00

15.25

46.50

0.05

13.32

28.6%

August

11.62

33.00

15.00

46.00

0.05

13.57

29.5%

September

11.60

34.00

14.50

46.00

0.05

14.05

30.5%

October

11.60

33.50

14.00

45.50

0.05

13.55

29.7%

November

11.60

33.50

14.00

45.50

0.05

13.55

29.7%

December

11.60

33.50

15.50

45.00

0.05

15.55

34.5%

January

11.60

33.50

16.00

44.00

0.05

17.05

38.7%

February

11.60

33.50

17.00

44.00

0.05

18.05

41.0%

 

Historical Data

Million 480-Lb. Bales

Marketing
Year

Beginning Stocks Production Imports Mill Use Exports Ending Stocks S-U-R
Ratio

World

10/11

45.29

116.46

35.69

114.64

35.75

46.99

41.0%

09/10

60.81

102.59

36.35

119.01

35.59

45.29

38.1%

08/09

60.97

107.47

30.48

110.32

30.40

60.81

55.1%

07/08

62.48

119.70

39.32

123.63

39.05

60.97

49.3%

06/07

61.76

122.25

38.15

123.91

37.57

62.48

50.4%

05/06

60.57

116.41

44.67

116.79

44.85

61.76

52.9%

04/05

48.15

121.50

33.84

109.08

35.01

60.57

55.5%

03/04

47.65

96.79

34.11

98.07

33.21

48.15

49.1%

02/03

54.55

90.99

30.19

98.39

30.46

47.65

48.4%

01/02

49.42

98.69

29.30

94.44

29.14

54.55

57.8%

00/01

51.13

89.12

26.23

92.16

26.23

49.42

53.6%

99/00

52.84

87.96

27.98

91.08

27.18

51.13

56.1%

98/99

49.46

86.10

24.48

84.76

23.55

52.84

62.3%

97/98

44.61

92.41

25.93

87.27

26.81

49.46

56.7%

96/97

40.11

90.09

28.58

87.94

26.81

44.61

50.7%

95/96

31.99

93.95

27.00

85.94

27.44

40.11

46.7%

United States

10/11

2.95

18.10

0.01

3.90

14.38

2.60

14.2%

09/10

6.34

12.19

0.00

3.55

12.04

2.95

18.9%

08/09

10.05

12.82

0.00

3.54

13.26

6.34

37.7%

07/08

9.48

19.21

0.01

4.58

13.63

10.05

55.2%

06/07

6.07

21.59

0.02

4.94

12.96

9.48

53.0%

05/06

5.50

23.89

0.03

5.87

17.67

6.07

25.8%

04/05

3.45

23.25

0.03

6.69

14.44

5.50

26.0%

03/04

5.39

18.26

0.05

6.27

13.76

3.45

17.2%

02/03

7.45

17.21

0.07

7.27

11.90

5.39

28.1%

01/02

6.00

20.30

0.02

7.70

11.00

7.45

39.8%

00/01

3.92

17.19

0.02

8.86

6.74

6.00

38.5%

99/00

3.94

16.97

0.10

10.19

6.75

3.92

23.1%

98/99

3.89

13.92

0.44

10.40

4.30

3.94

26.8%

97/98

3.97

18.79

0.01

11.35

7.50

3.89

20.6%

96/97

2.61

18.94

0.40

11.13

6.87

3.97

22.1%

95/96

2.65

17.90

0.41

10.65

7.68

2.61

14.2%

Total Foreign

10/11

42.34

98.35

35.68

110.74

21.37

44.39

33.6%

09/10

54.47

90.40

36.35

115.46

23.56

42.34

30.5%

08/09

50.92

94.66

30.48

106.78

17.14

54.47

44.0%

07/08

53.00

100.49

39.31

119.04

25.42

50.92

35.3%

06/07

55.69

100.66

38.13

118.98

24.61

53.00

36.9%

05/06 55.08 92.52 44.64 110.92 27.18 55.69 40.3%
04/05 44.70 98.25 33.81 102.39 20.57 55.08 44.8%
03/04 42.27 78.54 34.07 91.81 19.46 44.70 40.2%
02/03 47.10 73.78 30.12 91.12 18.56 42.27 38.5%
01/02 43.42 78.39 29.28 86.75 18.14 47.10 44.9%
00/01 47.21 71.93 26.21 83.30 19.49 43.42 42.2%
99/00 48.90 71.00 27.88 80.89 20.43 47.21 46.6%
98/99 45.57 72.18 24.04 74.36 19.25 48.90 52.2%
97/98 40.64 73.62 25.92 75.92 19.31 45.57 47.9%
96/97 37.50 71.15 28.17 76.81 19.95 40.64 42.0%
95/96 29.34 76.05 26.59 75.29 19.76 37.50 39.4%

China

10/11

15.25

30.50

11.98

46.00

0.12

11.60

25.2%

09/10

22.37

32.00

10.90

50.00

0.02

15.25

30.5%

08/09

20.50

36.70

7.00

44.00

0.08

22.37

50.7%

07/08

20.54

37.00

11.53

51.00

0.06

20.50

40.2%

06/07

22.54

35.50

10.59

50.00

0.09

20.54

41.0%

05/06 18.39 28.40 19.28 45.00 0.04 22.54 50.0%
04/05 18.98 30.30 6.39 38.50 0.03 18.39 47.7%
03/04 17.47 23.80 8.83 32.00 0.17 18.98 59.0%
02/03 18.85 25.20 3.13 29.90 0.75 17.47 57.0%
01/02 19.74 24.40 0.45 26.25 0.34 18.85 70.9%
00/01 22.38 20.30 0.23 23.50 0.44 19.74 82.5%
99/00 26.93 17.60 0.12 21.30 1.69 22.38 97.3%
98/99 24.55 20.70 0.33 18.70 0.68 26.93 139.0%
97/98 20.20 21.10 1.73 19.15 0.03 24.55 128.0%
96/97 16.74 19.30 3.49 19.95 0.01 20.20 101.2%
95/96 10.78 21.90 2.91 19.40 0.02 16.74 86.2%