Cotton Supply and Demand: NCC

Estimates from the World Agricultural Outlook Board of USDA

MY 2013-14

Million 480-Lb. Bales
Month	Beginning Stocks	Production	Imports	Mill Use	Exports	Ending Stocks	S-U-R Ratio
World
May	84.78	117.82	39.50	110.43	39.50	92.74	84.0%
United States
May	4.00	14.00	0.01	3.50	11.50	3.00	20.0%
Total Foreign
May	80.78	103.82	39.50	106.93	28.00	89.74	66.5%
China
May	48.26	34.00	12.00	36.00	0.08	58.18	161.3%

Historical Data

Million 480-Lb. Bales
Marketing Year	Beginning Stocks	Production	Imports	Mill Use	Exports	Ending Stocks	S-U-R Ratio
World
12/13	71.22	120.95	45.21	108.15	45.01	84.78	78.4%
11/12	49.44	125.14	45.07	103.31	45.87	71.22	68.9%
10/11	46.66	116.33	35.61	114.05	35.49	49.44	43.4%
09/10	61.54	102.16	36.35	118.64	35.56	46.66	39.3%
08/09	61.90	107.24	30.48	110.03	30.22	61.54	55.9%
07/08	62.86	119.58	39.32	123.50	38.99	61.90	50.1%
06/07	61.73	122.16	38.15	123.89	37.51	62.86	50.7%
05/06	60.62	116.35	44.67	116.83	44.82	61.73	52.8%
04/05	48.23	121.44	33.84	109.04	35.01	60.62	55.6%
03/04	47.66	96.78	34.11	98.03	33.18	48.23	49.2%
02/03	54.56	90.97	30.19	98.41	30.42	47.66	48.4%
01/02	49.44	98.67	29.31	94.46	29.11	54.56	57.8%
00/01	51.14	89.10	26.23	92.17	26.20	49.44	53.6%
99/00	52.85	87.92	27.98	91.09	27.13	51.14	56.1%
98/99	49.47	86.07	24.48	84.77	23.52	52.85	62.4%
97/98	44.63	92.37	25.93	87.27	26.78	49.47	56.7%
96/97	40.13	90.05	28.58	87.94	26.78	44.63	50.8%
95/96	32.01	93.90	27.00	85.94	27.40	40.13	46.7%
United States
12/13	3.35	17.32	0.01	3.40	13.25	4.00	24.0%
11/12	2.60	15.57	0.02	3.30	11.71	3.35	22.3%
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
12/13	67.87	103.63	45.21	104.75	31.76	80.78	59.2%
11/12	46.84	109.57	45.05	100.01	34.15	67.87	50.6%
10/11	43.71	98.23	35.60	110.15	21.11	46.84	35.7%
09/10	55.21	89.97	36.35	115.09	23.53	43.71	31.5%
08/09	51.84	94.43	30.48	106.49	16.95	55.21	44.7%
07/08	53.38	100.37	39.31	118.91	25.35	51.84	35.9%
06/07	55.66	100.57	38.13	118.96	24.55	53.38	37.2%
05/06	55.13	92.46	44.64	110.96	27.15	55.66	40.3%
04/05	44.78	98.19	33.81	102.35	20.57	55.13	44.8%
03/04	42.27	78.52	34.07	91.76	19.42	44.78	40.3%
02/03	47.11	73.76	30.12	91.14	18.52	42.27	38.5%
01/02	43.44	78.37	29.28	86.76	18.11	47.11	44.9%
00/01	47.23	71.91	26.21	83.31	19.46	43.44	42.3%
99/00	48.91	70.96	27.88	80.89	20.38	47.23	46.6%
98/99	45.58	72.16	24.04	74.36	19.22	48.91	52.3%
97/98	40.66	73.58	25.92	75.92	19.28	45.58	47.9%
96/97	37.52	71.11	28.18	76.81	19.91	40.66	42.0%
95/96	29.36	76.00	26.60	75.29	19.72	37.52	39.5%
China
12/13	31.08	35.00	18.25	36.00	0.08	48.26	133.8%
11/12	10.60	34.00	24.53	38.00	0.06	31.08	81.7%
10/11	14.25	30.50	11.98	46.00	0.12	10.60	23.0%
09/10	21.37	32.00	10.90	50.00	0.02	14.25	28.5%
08/09	20.50	36.70	7.00	44.00	0.08	21.37	48.5%
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%