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The U.S. and World Cotton Outlook

Carol Skelly


 
ABSTRACT

World production is estimated to rise more than 3 percent in 1999/2000, with mostly in the U.S. World cotton consumption is also projected to rise significantly, by an estimated 3.3 percent, well. A significant portion of this year's larger U.S. supply will flow into world export markets; however, larger exports are insufficient to offset the effects of both higher production and lower domestic use and, ending stocks are likely to rise. USDA's early projections show lower foreign, but higher U.S. production for 2000/01. World consumption is likely to continue to rise, and there is potential for the U.S. to capture a very competitive share of the world export market. This scenario, based on normal weather and crop conditions, results in lower world ending stocks, with U.S. stocks rising.



Reprinted from Proceedings of the 2000 Beltwide Cotton Conferences pp. 255 - 257
©National Cotton Council, Memphis TN

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Document last modified Saturday, Jun 17 2000