Cotton Supply and Demand: NCC

Estimates from the World Agricultural Outlook Board of USDA

MY 2010-11

Million 480-Lb. Bales
Month	Beginning Stocks	Production	Imports	Mill Use	Exports	Ending Stocks	S-U-R Ratio
World
May	52.75	113.88	35.73	119.08	35.72	50.13	42.1%
June	52.21	114.32	36.12	119.49	36.14	49.59	41.5%
July	50.99	116.02	37.05	119.70	37.02	49.91	41.7%
August	47.58	116.85	38.25	120.87	38.24	45.61	37.7%
United States
May	3.10	16.70	0.00	3.30	13.50	3.00	17.9%
June	2.90	16.70	0.00	3.30	13.50	2.80	16.7%
July	2.90	18.30	0.00	3.40	14.30	3.50	19.8%
August	3.10	18.53	0.01	3.40	15.00	3.20	17.4%
Total Foreign
May	49.65	97.18	35.73	115.78	22.22	47.13	34.2%
June	49.31	97.62	36.12	116.19	22.64	46.79	33.7%
July	48.09	97.72	37.05	116.30	22.72	46.41	33.4%
August	44.48	98.32	38.24	117.47	23.24	42.41	30.1%
China
May	19.84	33.00	11.50	49.00	0.03	17.82	36.3%
June	20.64	33.00	11.50	49.00	0.03	18.62	38.0%
July	20.49	33.00	11.65	49.00	0.03	18.62	38.0%
August	19.28	33.00	12.50	50.00	0.03	16.76	33.5%

Historical Data

Million 480-Lb. Bales
Marketing Year	Beginning Stocks	Production	Imports	Mill Use	Exports	Ending Stocks	S-U-R Ratio
World
09/10	60.53	102.15	36.21	117.71	35.65	47.58	40.4%
08/09	60.69	107.16	30.07	109.94	30.11	60.53	55.1%
07/08	62.11	119.75	38.99	123.34	39.00	60.69	49.2%
06/07	61.84	121.75	38.06	123.80	37.58	62.11	50.2%
05/06	60.58	116.48	44.77	116.78	44.82	61.84	53.0%
04/05	48.08	121.57	33.84	109.07	35.01	60.58	55.5%
03/04	47.63	96.73	34.11	98.07	33.20	48.08	49.0%
02/03	54.53	90.98	30.19	98.39	30.46	47.63	48.4%
01/02	49.41	98.70	29.30	94.44	29.15	54.53	57.7%
00/01	51.10	89.10	26.23	92.16	26.20	49.41	53.6%
99/00	52.82	87.96	27.98	91.08	27.17	51.10	56.1%
98/99	49.41	86.10	24.48	84.76	23.52	52.82	62.3%
97/98	44.61	92.28	25.93	87.27	26.72	49.41	56.6%
96/97	40.10	90.12	28.58	87.94	26.84	44.61	50.7%
95/96	31.99	93.87	27.00	85.94	27.36	40.10	46.7%
United States
09/10	6.34	12.19	0.00	3.40	12.00	3.10	20.1%
08/09	10.05	12.82	0.00	3.59	13.28	6.34	37.6%
07/08	9.48	19.21	0.01	4.58	13.65	10.05	55.1%
06/07	6.07	21.59	0.02	4.94	13.01	9.48	52.8%
05/06	5.50	23.89	0.03	5.87	17.55	6.07	25.9%
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
09/10	54.20	89.96	36.21	114.31	23.65	44.48	32.2%
08/09	50.64	94.34	30.07	106.35	16.83	54.20	44.0%
07/08	52.63	100.54	38.98	118.75	25.34	50.64	35.1%
06/07	55.77	100.16	38.04	118.86	24.57	52.63	36.7%
05/06	55.08	92.59	44.74	110.91	27.27	55.77	40.4%
04/05	44.63	98.32	33.81	102.38	20.58	55.08	44.8%
03/04	42.24	78.48	34.07	91.81	19.44	44.63	40.1%
02/03	47.08	73.77	30.12	91.12	18.56	42.24	38.5%
01/02	43.41	78.40	29.28	86.75	18.15	47.08	44.9%
00/01	47.19	71.91	26.21	83.30	19.46	43.41	42.2%
99/00	48.88	70.99	27.88	80.89	20.42	47.19	46.6%
98/99	45.52	72.18	24.04	74.36	19.23	48.88	52.2%
97/98	40.64	73.49	25.92	75.92	19.22	45.52	47.8%
96/97	37.50	71.18	28.17	76.81	19.97	40.64	42.0%
95/96	29.34	75.97	26.59	75.29	19.69	37.50	39.5%
China
09/10	22.37	32.50	10.94	48.50	0.03	19.28	39.7%
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%