Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports...

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Indian Mill Use and Production Hit Records 2.00 2.20 2.40 2.60 2.80 3.00 3.20 1994/95 1995/96 1996/97 1997/98 1998/99 1999/2000 2000/01 2001/02 2002/03 2003/04 2004/05 Volume in MMT Production Consumption According to newly available USDA data, Indian mill use and production are expected to hit historic highs in MY 2004/05. Consumption is forecast at 3.0 million metric tons, up 4 percent from the previous year. Production is forecast at 3.1 million metric tons, up 3 percent from the previous year. India is already the second largest user of cotton in the world with an average 2.9 million metric tons of mill use per year. Because of its low cost of production and economies of scale, India is expected to expand its apparel and textile industries. Experts believe that India will benefit when the current system of quotas governed by the Multi-Fiber Arrangement (MFA) is terminated. Also concerns about Chinese mill use raised b tighter credit, increasing labor and energy costs, and the threat of U.S. safeguards is making India an attractive alternative. Targeting both domestic and export markets has helped the apparel industry to grow at an annual rate of 15 to 20 percent. India is the third largest cotton producer in the world, with an average 2.6 million metric tons production a year. With the exception of some high-quality ELS, India produces most of the cotton used by its textile industry. Better than average late-season rainfall is likely to result in favorable yields; however, the increase in production from last season is attributable to additional area. Last year's record yields and high cotton prices combined with extended monsoon rains, have encouraged Indian cotton farmers to plant more area. Cotton: World Markets and Trade United States Department of Agriculture Foreign Agricultural Service October 2004 FC-10-04 Circular Series Approved by the World Agricultural Outlook Board

Transcript of Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports...

Page 1: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

Indian Mill Use and Production Hit Records

2.00

2.20

2.40

2.60

2.80

3.00

3.20

1994/95 1995/96 1996/97 1997/98 1998/99 1999/2000 2000/01 2001/02 2002/03 2003/04 2004/05

Vol

ume

in M

MT

Production Consumption

According to newly available USDA data, Indian mill use and production are expected to hit historic highs in MY 2004/05. Consumption is forecast at 3.0 million metric tons, up 4 percent from the previous year. Production is forecast at 3.1 million metric tons, up 3 percent from the previous year.

India is already the second largest user of cotton in the world with an average 2.9 million metric tons of mill use per year. Because of its low cost of production and economies of scale, India is expected to expand its apparel and textile industries. Experts believe that India will benefit when the current system of quotas governed by the Multi-Fiber Arrangement (MFA) is terminated. Also concerns about Chinese mill use raised by tighter credit, increasing labor and energy costs, and the threat of U.S. safeguards is making India an attractive alternative. Targeting both domestic and export markets has helped the apparel industry to grow at an annual rate of 15 to 20 percent.

India is the third largest cotton producer in the world, with an average 2.6 million metric tons production a year. With the exception of some high-quality ELS, India produces most of the cotton used by its textile industry. Better than average late-season rainfall is likely to result in favorable yields; however, the increase in production from last season is attributable to additional area. Last year's record yields and high cotton prices combined with extended monsoon rains, have encouraged Indian cotton farmers to plant more area.

Cotton: World Markets and Trade

United States Department of Agriculture

Foreign Agricultural Service

October 2004FC-10-04Circular Series

Approved by the World Agricultural Outlook Board

Page 2: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

Further Information Contact:

U.S. Department of Agriculture Foreign Agricultural Service

Cotton, Oilseeds, Tobacco, and Seeds Division Stop 1051

1400 Independence Ave., SW Washington, D.C. 20250-1051 Telephone -- (202) 720-9516

Fax -- (202) 690-1171

J. Lawrence Blum, Director Patrick Packnett, Deputy Director for Analysis

John Wade, Group Leader, Cotton and Tobacco

Principal Contributors

James Johnson.......................................................................................Senior Cotton Analyst [email protected] Paul Provance..................................................Chairperson for Foreign Area and Production [email protected] Hooshang Fazel............................................................. Analyst, Middle East and South Asia [email protected] Teresa McKeivier...........................................Analyst, Americas, Europe and Southeast Asia [email protected] Morgan Haas................................................................................................................... Intern [email protected] This circular, and other information, can be found at the FAS/COTS Division Internet site: http://www.fas.usda.gov/cots/cotton.html

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List of Tables Summary of Changes 2000/01-2003/04 (1,000 480-lb. bales) ................................................... 4 Table 1. World Cotton Supply, Use and Trade 1999/00-2004/05 (1,000 metric tons) ...... 7 Table 2. World Cotton Supply, Use and Trade 1999/00-2004/05 (1,000 480-lb. bales) ... 8 Table 3. FY 2002 GSM-102 and Supplier Credit Programs .............................................. 9 Table 4. Area, Yield, and Production 2003/04-2004/05 .................................................... 9 Table 5. Cotton Supply & Distribution by Country 2004/05 (1,000 480-lb. bales) ......... 10 Table 5-A. Cotton Supply & Distribution by Country 2004/05 (1,000 metric tons)............ 12 Table 6. Cotton Supply & Distribution by Country 2003/04 (1,000 480-lb. bales) ......... 14 Table 6-A. Cotton Supply & Distribution by Country 2003/04 (1,000 metric tons)............ 16 Table 7. U.S. Export Sales Summary............................................................................... 18 Table 8. Northern European Cotton and Adjusted World Price....................................... 19 Table 9. World Cotton Production, Yield, Supply, and Utilization ................................. 20 Table 10. United States Cotton Production, Yield, Supply, and Utilization ...................... 21 Table 11. Foreign Cotton Production, Yield, Supply, and Utilization ............................... 22 Revised Historical Data Peru..................................................................................................................... 23 Malawi ............................................................................................................... 24

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Page 4: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

Marketing YearArea

HarvestedBeginning

Stocks Production Imports Use Loss ExportsEnding Stocks

Yield Kg/Ha

Summary of Changes in Estimates and Forecasts from Last Month2000/01 to 2004/05 (1,000 480 lb Bales and 1,000 Ha)

Argentina2003/2004 0 0 -1915 0 0 -22 18132004/2005 0 18 -250 0 0 -25 180

Austria2003/2004 0 0 200 20 0 0 002004/2005 0 0 100 10 0 0 00

Azerbaijan; Republic of2003/2004 0 0 00 2 0 0 -202004/2005 0 -2 025 8 0 5 1068

Belgium-Luxembourg2003/2004 0 0 350 30 0 0 502004/2005 0 5 200 15 0 0 100

Benin2004/2005 0 0 00 0 0 0 00

Brazil2003/2004 0 0 050 50 0 0 0102004/2005 0 0 00 50 0 0 -500

Burkina2004/2005 0 0 00 0 0 -25 250

Chad2004/2005 0 0 00 0 0 -15 150

Chile2003/2004 0 0 -20 0 0 0 -202004/2005 0 -2 00 0 0 0 -20

China; Peoples Republic of2004/2005 0 0 5000 250 0 0 2500

Cote d'Ivoire2004/2005 0 0 00 0 0 -25 250

France2003/2004 0 0 190 15 0 3 102004/2005 0 1 00 0 0 0 10

Germany2003/2004 0 0 -500 -75 0 20 502004/2005 0 5 -700 -75 0 15 -50

Greece2004/2005 0 0 050 -30 0 0 8029

Hong Kong2003/2004 0 0 -300 -30 0 -8 802004/2005 0 8 00 0 0 0 80

Hungary2004/2005 0 0 00 0 0 0 00

India2003/2004 -100 0 -10050 50 0 75 -17562004/2005 400 -175 -2251,200 250 0 200 35014

Kazakhstan; Republic of2004/2005 0 0 0-25 0 0 -25 0-27

Korea; Republic of2004/2005 0 0 250 0 0 0 250

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Marketing YearArea

HarvestedBeginning

Stocks Production Imports Use Loss ExportsEnding Stocks

Yield Kg/Ha

Summary of Changes in Estimates and Forecasts from Last Month2000/01 to 2004/05 (1,000 480 lb Bales and 1,000 Ha)

Malawi2000/2001 -23 35 04 0 0 23 16792001/2002 -23 16 016 0 0 -4 361202002/2003 -23 36 018 0 0 -11 651292003/2004 -23 65 018 0 0 20 631292004/2005 -23 63 018 5 0 15 61129

Mali2004/2005 0 0 00 0 0 -25 250

Mexico2004/2005 0 0 00 0 0 -100 1000

Mozambique2004/2005 0 0 00 0 0 0 00

Netherlands2004/2005 0 0 00 0 0 0 00

Pakistan2004/2005 0 0 -100250 100 0 0 5017

Peru2000/2001 -5 162 020 50 0 0 1321092001/2002 1 132 0-7 40 0 0 85-312002/2003 -2 85 035 50 0 0 701362003/2004 -3 70 -1348 40 0 0 651612004/2005 0 65 036 40 0 0 61105

Romania2003/2004 0 0 50 0 0 0 502004/2005 0 5 00 0 0 0 50

Spain2003/2004 0 0 00 -40 0 40 002004/2005 0 0 00 -50 0 50 00

Switzerland2003/2004 0 0 -90 -10 0 1 002004/2005 0 0 -100 -10 0 0 00

Tajikistan; Republic of2004/2005 0 0 025 0 0 15 1019

Tanzania; United Republic of2001/2002 0 0 00 5 0 -21 1602002/2003 0 16 00 5 0 15 -402003/2004 0 -4 00 10 0 -45 3102004/2005 0 31 050 10 0 0 7128

Thailand2003/2004 0 0 -220 -20 0 -4 202004/2005 0 2 00 -25 25 0 20

Togo2003/2004 25 0 00 0 0 0 0-602004/2005 40 0 020 0 0 10 10-68

Turkey2003/2004 0 0 180 0 0 -3 2102004/2005 0 21 -25100 0 0 20 7630

Turkmenistan2004/2005 0 0 00 0 0 -25 250

Uganda2004/2005 0 0 00 0 0 0 00

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Marketing YearArea

HarvestedBeginning

Stocks Production Imports Use Loss ExportsEnding Stocks

Yield Kg/Ha

Summary of Changes in Estimates and Forecasts from Last Month2000/01 to 2004/05 (1,000 480 lb Bales and 1,000 Ha)

United Kingdom2003/2004 0 0 150 14 0 0 102004/2005 0 1 100 10 0 0 10

United States2003/2004 0 0 -50 1 29 -41 602004/2005 0 6 0650 0 -44 100 60026

Uzbekistan; Republic of2004/2005 0 0 00 0 0 -50 500

Zambia2004/2005 0 0 025 0 0 10 1525

World Total2000/2001 -28 197 024 50 0 23 14812001/2002 -22 148 09 45 0 -25 13702002/2003 -25 137 053 55 0 4 13112003/2004 -101 131 -138181 57 29 36 5232004/2005 417 52 1102,424 558 -19 125 1,9227

Foreign Total2000/20012000/2001 -28 197 024 50 0 23 14812001/20022001/2002 -22 148 09 45 0 -25 13712002/20032002/2003 -25 137 053 55 0 4 13112003/20042003/2004 -101 131 -133181 56 0 77 4642004/20052004/2005 417 46 1101,774 558 25 25 1,3224

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Percent change2002/031999/00 2000/01 2001/02

Table 1World Cotton Supply, Use, and Trade

1999/2000 - 2004/05 (Season Beginning August 1)In 1,000 Metric Tons

Estimate Forecast2003/04 2004/05

ProductionWorld 16.0%19,075 19,331 21,473 19,232 20,578 23,878China; Peoples Republic of 32.3%3,832 4,420 5,313 4,921 4,855 6,423United States 18.0%3,694 3,742 4,421 3,747 3,975 4,691India 2.9%2,652 2,380 2,678 2,308 3,005 3,092Pakistan 16.1%1,872 1,785 1,807 1,698 1,687 1,960Brazil 2.6%700 939 766 847 1,274 1,306Turkey 6.1%791 784 865 910 893 947Uzbekistan; Republic of 17.1%1,128 958 1,067 1,002 893 1,045

3,7994,5574,3234,405 5.2%3,997Other 4,414UseWorld 2.5%19,814 20,073 20,590 21,480 21,535 22,079China; Peoples Republic of 7.3%4,638 5,117 5,715 6,510 7,054 7,566India 3.7%2,950 2,949 2,890 2,896 2,939 3,048Pakistan 4.2%1,666 1,764 1,851 2,047 2,090 2,177United States -6.0%2,220 1,929 1,676 1,584 1,413 1,328Turkey 1.7%1,219 1,125 1,339 1,372 1,306 1,328Brazil 3.9%922 914 827 784 827 860Indonesia 2.3%435 533 501 490 468 479

5,7995,7915,7425,765 -6.2%5,437Other 5,292ImportsWorld -6.5%6,124 5,738 6,452 6,580 7,424 6,942China; Peoples Republic of -22.4%25 52 98 681 1,923 1,491Turkey -9.2%523 381 624 493 516 468Indonesia 7.0%452 577 513 485 468 501Pakistan -12.2%103 98 218 185 403 354Mexico -17.8%395 406 450 501 397 327Thailand 28.1%371 342 448 423 365 468Bangladesh 8.8%169 218 261 348 335 365

3,4633,8403,6634,086 -12.9%3,017Other 2,969ExportsWorld -4.1%5,907 5,758 6,291 6,611 7,186 6,891United States -10.6%1,470 1,467 2,395 2,591 2,996 2,678Uzbekistan; Republic of 8.5%893 740 740 762 642 697Australia -26.0%699 850 675 578 471 348Greece -28.6%235 310 218 250 267 191Mali -12.8%196 125 201 185 256 223Brazil 128.2%3 69 147 106 210 479Burkina -7.9%113 113 142 158 207 191

1,9801,7732,0832,299 8.0%2,137Other 2,084Ending StocksWorld 25.3%9,949 9,309 10,331 7,999 7,289 9,134China; Peoples Republic of 22.4%3,866 3,125 2,745 1,673 1,359 1,664Brazil 9.8%521 646 526 627 1,004 1,102India 14.2%1,070 821 1,116 781 884 1,009United States 91.1%852 1,306 1,622 1,172 763 1,459Pakistan 19.7%587 576 710 491 442 529Turkey 10.7%180 192 316 281 305 337Australia 107.1%503 456 481 268 129 267

2,7062,8152,1862,369 -11.2%2,402Other 2,766

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Percent change2002/031999/00 2000/01 2001/02

Table 2World Cotton Supply, Use, and Trade

1999/2000 - 2004/05 (Season Beginning August 1)In 1,000 480 Lb. Bales

Estimate Forecast2003/04 2004/05

ProductionWorld 87,612 88,785 98,626 88,329 16.0%94,513 109,670China; Peoples Republic of 17,600 20,300 24,400 22,600 32.3%22,300 29,500United States 16,968 17,188 20,303 17,209 18.0%18,255 21,545India 12,180 10,931 12,300 10,600 2.9%13,800 14,200Pakistan 8,600 8,200 8,300 7,800 16.1%7,750 9,000Brazil 3,216 4,312 3,519 3,890 2.6%5,850 6,000Turkey 3,634 3,600 3,975 4,179 6.1%4,100 4,350Uzbekistan; Republic of 5,180 4,400 4,900 4,600 17.1%4,100 4,800

17,45120,92919,85420,234 5.2%Other 18,358 20,275UseWorld 91,006 92,195 94,567 98,656 2.5%98,909 101,405China; Peoples Republic of 21,300 23,500 26,250 29,900 7.3%32,400 34,750India 13,547 13,544 13,275 13,300 3.7%13,500 14,000Pakistan 7,650 8,100 8,500 9,400 4.2%9,600 10,000United States 10,194 8,862 7,696 7,273 -6.0%6,489 6,100Turkey 5,600 5,167 6,150 6,300 1.7%6,000 6,100Brazil 4,236 4,200 3,800 3,600 3.9%3,800 3,950Indonesia 2,000 2,450 2,300 2,250 2.3%2,150 2,200

26,63326,59626,37226,479 -6.2%Other 24,970 24,305ImportsWorld 28,129 26,353 29,633 30,222 -6.5%34,099 31,885China; Peoples Republic of 117 241 449 3,127 -22.4%8,832 6,850Turkey 2,400 1,750 2,868 2,265 -9.2%2,368 2,150Indonesia 2,076 2,650 2,356 2,228 7.0%2,150 2,300Pakistan 475 450 1,000 850 -12.2%1,850 1,625Mexico 1,813 1,865 2,065 2,300 -17.8%1,825 1,500Thailand 1,706 1,573 2,057 1,945 28.1%1,678 2,150Bangladesh 775 1,000 1,200 1,600 8.8%1,540 1,675

15,90717,63816,82418,767 -12.9%Other 13,856 13,635ExportsWorld 27,130 26,445 28,894 30,362 -4.1%33,003 31,648United States 6,750 6,740 11,000 11,900 -10.6%13,759 12,300Uzbekistan; Republic of 4,100 3,400 3,400 3,500 8.5%2,950 3,200Australia 3,209 3,904 3,101 2,655 -26.0%2,163 1,600Greece 1,080 1,424 1,000 1,150 -28.6%1,225 875Mali 900 575 925 850 -12.8%1,175 1,025Brazil 12 315 674 489 128.2%964 2,200Burkina 520 520 650 725 -7.9%950 875

9,0938,1449,56710,559 8.0%Other 9,817 9,573Ending StocksWorld 45,694 42,756 47,450 36,737 25.3%33,476 41,954China; Peoples Republic of 17,758 14,351 12,608 7,684 22.4%6,243 7,643Brazil 2,393 2,968 2,416 2,880 9.8%4,611 5,061India 4,913 3,773 5,126 3,586 14.2%4,061 4,636United States 3,915 6,000 7,448 5,385 91.1%3,506 6,700Pakistan 2,696 2,646 3,261 2,255 19.7%2,030 2,430Turkey 827 882 1,450 1,289 10.7%1,400 1,550Australia 2,309 2,095 2,211 1,231 107.1%593 1,228

12,42712,93010,04110,883 -11.2%Other 11,032 12,706

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02-Jul 06-Augto to

Country (months) YTD 06-Aug 03-Sep YTD TotalCentral America (36) 4/ 300.00 254.40 45.60 19.50 0.20 0.00 14.10 14.70India 25.00 0.70 24.30 0.70 0.00 0.00 N/A N/AIndonesia 200.00 138.60 61.40 34.10 0.00 0.60 5.90 10.00South Korea (24) 615.00 408.10 206.90 67.00 2.10 1.50 69.50 74.10Mexico (24) 300.00 137.40 162.60 85.80 3.40 3.10 92.40 98.70South America Region (36) 5/ 900.00 900.00 - 94.44 5.30 0.04 20.40 24.40Turkey (36) 400.00 400.00 - 169.50 1.20 0.00 119.90 119.90Other 1,784.00 556.27 1,227.73 0.90 1.40 0.00 0.00 0.00TOTAL 4,554.00 2,795.31 1,758.69 470.94 13.60 5.24 322.20 341.80

(Million $ U.S.)

02-Jul 06-Augto to

Country (days) YTD 06-Aug 03-Sep YTD TotalCentral America (180) 4/ 50.00 50.00 - 0.74 -0.06 0.00 0.30 0.30India (180) 25.00 0.30 24.70 0.00 0.00 0.00 0.00 0.00Mexico (180) 500.00 499.90 0.10 13.87 0.80 0.71 10.00 10.10South America Region (180) 5/ 20.00 12.99 7.01 1.80 0.30 0.00 0.24 0.24Turkey (180) 10.00 0.66 9.34 0.00 0.00 0.00 0.09 0.09Southeast Balkans Region (180) 6/ 75.00 0.32 74.68 0.00 0.00 0.00 0.00 0.00Caribbean Region (180) 7/ 10.00 0.37 9.63 0.00 0.00 0.00 1.20 1.30Other 732.00 174.63 557.37 0.00 0.00 0.00 0.00 0.00TOTAL 1,422.00 739.17 682.83 16.41 1.04 0.71 11.83 12.03

1/ Includes Cottton, Cotton Yarn, and Cotton Fabric.2/ Total Cotton Registrations includes registrations and/or cancellations from Oct 1, 2003.3/ Total Cotton Registrations includes registrations and/or cancellations from Oct 1, 2002.4/ Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama.5/ Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Peru, and Venezuela.6/ Romania and Bulgaria.

NOTES:Registrations current as of September 3, 2004Oct-04

FY 2004 Supplier Credit Guarantee Program (SCGP) Activity Summary

FY 2003 Cotton 1/, 3/

Table 3

FY 2004 GSM-102 Export Credit Guarantees Summary(Million $U.S.)

Announced Allocation

Application received Balance

FY 2004 YTD Total for all Commodities

7/ Barbados, Biritish Vigin Islands, Cayman Island, Domenican Republic,Grenada, Haiti, Jamaica, Netherlands Antilles, St. and the Grenadies and Trinidad and Tobago

FY 2004 Cotton Registered 1/, 2/

FY 2004 Cotton Registered 1/, 2/

Announced Allocation

Application received Balance

FY 2003 Cotton 1/, 3/

FY 2004 YTD Total for all Commodities

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2003/2004 2004/2005 2004/20052004/20052003/200 2003/2004

Area (1,000 Ha) Yield (KG/Ha) Production (1,000 Bales)

Table 4Cotton Area, Yield, and Production

World and Selected Countries and Regions

Western HemisphereUnited States 18,255 21,5454,858 5,351 818 877Brazil 5,850 6,0001,070 1,090 1,190 1,198Mexico 357 55062 105 1,254 1,140Argentina 515 550250 300 449 399Paraguay 500 490270 285 403 374Peru 243 22075 75 705 639Colombia 225 19063 66 778 627Others 125 12580 80 340 340Total 26,070 29,6706,728 7,352 844 879

EuropeEU 1,960 2,050455 465 938 960

Greece 1,530 1,600363 375 918 929Spain 430 45092 90 1,018 1,089

Others 32 3217 17 410 410Total 1,992 2,082472 482 919 940

AfricaFZA 4,435 4,4952,345 2,512 412 390

Mali 1,200 1,125550 540 475 454Burkina 965 920400 400 525 501Benin 685 675375 385 398 382Cote d'Ivoire 400 525230 260 379 440Cameroon 500 480220 220 495 475Togo 325 350185 200 382 381Chad 225 320300 425 163 164

Egypt 920 1,300218 305 919 928Zimbabwe 460 500330 400 303 272Nigeria 415 420375 380 241 241Sudan 350 400180 200 423 435Tanzania; United R 235 375387 390 132 209Zambia 185 225200 220 201 223Uganda 125 135250 275 109 107Mozambique 110 110155 155 155 155South Africa; Repu 115 9041 40 611 490Ethiopia 60 70113 60 116 254Others 208 233209 205 217 247Total 7,618 8,3534,803 5,142 345 354

Asia and OceaniaChina; Peoples Rep 22,300 29,5005,110 5,700 950 1,127India 13,800 14,2007,800 8,700 385 355Pakistan 7,750 9,0003,092 3,200 546 612FSU 6,735 7,6702,445 2,580 600 647

Uzbekistan; Rep 4,100 4,8001,400 1,415 638 739Turkmenistan 940 1,000480 550 426 396Tajikistan; Repub 780 800285 290 596 601Kazakhstan; Rep 550 625185 205 647 664Azerbaijan; Repu 180 22560 80 653 612Kyrgyzstan; Rep 185 22035 40 1,151 1,197

Turkey 4,100 4,350710 715 1,257 1,325Australia 1,500 2,200225 325 1,451 1,474Syria 1,300 1,350200 215 1,415 1,367Iran 550 475145 160 826 646Burma 257 270270 300 207 196Afghanistan 85 8550 50 370 370Israel 80 8013 13 1,340 1,340Others 376 385190 195 431 430Total 58,833 69,56520,250 22,153 633 684

ForeignTotal 76,258 88,12527,395 29,778 606 644

WorldTotal 94,513 109,67032,253 35,129 638 680

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Beg. Stocks End. StocksLossUseTotal SupplyImportsProduction Exports

2004/2005

Table 5Cotton Production, Supply and Distribution by Country

(1,000 480 lb Bales)MY

Afghanistan 13 85 0 98 70 0 15 13Albania 7 1 34 42 35 0 0 7Algeria 16 0 90 106 90 0 0 16Angola 4 5 3 12 5 0 5 2Argentina 517 550 125 1,192 550 9 75 558Armenia; Republic of 1 0 1 2 1 0 0 1Australia 593 2,200 0 2,793 65 -100 1,600 1,228Austria 20 0 90 110 90 0 0 20Azerbaijan; Republic of 70 225 0 295 15 0 180 100Bahrain 16 0 45 61 50 0 1 10Bangladesh 316 70 1,675 2,061 1,700 5 0 356Belarus 15 0 45 60 50 0 0 10Belgium-Luxembourg 21 0 160 181 100 0 55 26Benin 166 675 0 841 10 0 650 181Bolivia 10 23 3 36 15 0 10 11Brazil 4,611 6,000 500 11,111 3,950 -100 2,200 5,061Bulgaria 13 30 30 73 60 0 0 13Burkina 196 920 0 1,116 4 0 875 237Burma 64 270 3 337 210 0 50 77Cambodia 1 0 5 6 5 0 0 1Cameroon 115 480 0 595 45 0 425 125Canada 95 0 335 430 350 0 0 80Central African Republic 10 30 0 40 5 0 25 10Chad 63 320 0 383 15 0 260 108Chile 15 0 50 65 50 0 0 15China; Peoples Republic of 6,243 29,500 6,850 42,593 34,750 0 200 7,643Colombia 85 190 325 600 500 5 0 95Congo; Democratic Rep of th 5 15 15 35 30 0 0 5Costa Rica 3 1 13 17 14 0 0 3Cote d'Ivoire 323 525 0 848 65 0 475 308Cuba 8 4 40 52 45 0 0 7Cyprus 1 0 2 3 2 0 0 1Czech Republic 42 0 200 242 200 0 5 37Denmark 1 0 1 2 1 0 0 1Dominican Republic 2 3 5 10 8 0 0 2Ecuador 30 21 75 126 95 0 0 31Egypt 601 1,300 550 2,451 900 13 725 813El Salvador 25 1 95 121 95 0 0 26Estonia 11 0 90 101 90 0 0 11Ethiopia 17 70 0 87 60 0 10 17France 43 0 225 268 200 0 30 38Germany 42 0 350 392 275 0 70 47Ghana 10 30 20 60 50 0 0 10Greece 390 1,600 20 2,010 600 50 875 485Guatemala 35 3 95 133 95 0 0 38Guinea 10 37 0 47 0 0 35 12Haiti 3 5 4 12 10 0 0 2Honduras 3 4 11 18 15 0 0 3Hong Kong 72 0 300 372 275 0 25 72Hungary 16 0 36 52 35 1 0 16India 4,061 14,200 775 19,036 14,000 0 400 4,636Indonesia 371 37 2,300 2,708 2,200 50 20 438Iran 120 475 75 670 525 0 10 135Iraq 19 30 70 119 100 0 0 19Ireland 1 0 1 2 1 0 0 1Israel 40 80 5 125 5 0 80 40Italy 108 0 900 1,008 875 10 0 123Japan 188 0 750 938 750 0 0 188Kazakhstan; Republic of 133 625 0 758 40 0 550 168Kenya 10 20 40 70 55 0 5 10Korea; Democratic Peoples R 10 55 10 75 65 0 0 10Korea; Republic of 406 1 1,350 1,757 1,325 0 5 427Kyrgyzstan; Republic of 32 220 0 252 5 0 200 47Latvia 3 0 17 20 17 0 0 3Lebanon 3 0 10 13 10 0 0 3Lithuania 5 0 20 25 20 0 0 5Madagascar 11 60 0 71 50 0 10 11Malawi 76 48 0 124 10 0 40 74Malaysia 44 0 225 269 225 0 0 44Mali 257 1,125 0 1,382 20 0 1,025 337

Page 11 Oct. 2004

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Beg. Stocks End. StocksLossUseTotal SupplyImportsProduction Exports

2004/2005

Table 5Cotton Production, Supply and Distribution by Country

(1,000 480 lb Bales)MY

Mauritius 11 0 60 71 50 0 10 11Mexico 1,064 550 1,500 3,114 1,900 25 200 989Moldova; Republic of 4 0 10 14 10 0 0 4Morocco 28 1 150 179 150 0 0 29Mozambique 25 110 5 140 10 0 100 30Netherlands 5 0 21 26 20 0 0 6Nicaragua 2 10 0 12 1 0 9 2Niger 3 5 0 8 4 0 1 3Nigeria 129 420 70 619 375 0 100 144Norway 0 0 1 1 1 0 0 0Pakistan 2,030 9,000 1,625 12,655 10,000 25 200 2,430Panama 1 0 5 6 5 0 0 1Paraguay 165 490 0 655 25 0 425 205Peru 231 220 150 601 360 0 10 231Philippines 42 3 120 165 125 0 0 40Poland 22 0 220 242 210 0 2 30Portugal 94 0 360 454 360 0 0 94Romania 40 0 100 140 100 0 0 40Russian Federation 197 0 1,475 1,672 1,450 0 0 222Senegal 26 65 0 91 20 0 45 26Singapore 8 0 55 63 0 0 55 8Slovakia 9 0 25 34 25 0 0 9Somalia 1 7 5 13 12 0 0 1South Africa; Republic of 108 90 265 463 325 0 30 108Spain 123 450 75 648 275 0 225 148Sri Lanka 16 5 100 121 100 0 0 21Sudan 233 400 0 633 20 0 325 288Sweden 3 0 14 17 14 0 0 3Switzerland 13 0 65 78 65 0 0 13Syria 299 1,350 0 1,649 650 0 650 349Taiwan 330 0 1,125 1,455 1,100 0 0 355Tajikistan; Republic of 157 800 0 957 150 0 615 192Tanzania; United Republic of 152 375 0 527 70 0 225 232Thailand 378 62 2,150 2,590 2,025 25 5 535Togo 122 350 0 472 15 0 320 137Tunisia 13 10 100 123 110 0 0 13Turkey 1,400 4,350 2,150 7,900 6,100 0 250 1,550Turkmenistan 399 1,000 0 1,399 425 0 500 474Uganda 23 135 0 158 20 15 95 28Ukraine 9 0 50 59 45 0 5 9United Kingdom 10 0 60 70 60 0 0 10United States 3,506 21,545 40 25,091 6,100 -9 12,300 6,700Uruguay 5 0 10 15 10 0 0 5Uzbekistan; Republic of 748 4,800 0 5,548 1,325 0 3,200 1,023Venezuela 26 50 50 126 95 0 0 31Vietnam 122 57 550 729 575 0 0 154Yemen 9 65 0 74 25 0 40 9Yugoslavia 22 1 60 83 60 0 0 23Zambia 115 225 0 340 65 0 135 140Zimbabwe 111 500 0 611 120 0 350 141

33,476 24101,405175,03131,885109,670 31,648 41,954World Total

* Loss for countries outside the Unitd States reflects cotton lost or destroyed while in the marketing channel. For the United States, loss reflects the difference between stocks as reported by the Bureau of the Census and implict stocks based on supply plus total use. A negative "loss" is a positive number.

Page 12 Oct. 2004

Page 13: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

Beg. Stocks End. StocksLossUseTotal SupplyImportsProduction Exports

2004/2005

Table 5ACotton Production, Supply and Distribution by Country

1,000 Metric TonsMY

Afghanistan 3 19 0 21 15 0 3 3Albania 2 0 7 9 8 0 0 2Algeria 3 0 20 23 20 0 0 3Angola 1 1 1 3 1 0 1 0Argentina 113 120 27 260 120 2 16 121Armenia; Republic of 0 0 0 0 0 0 0 0Australia 129 479 0 608 14 -22 348 267Austria 4 0 20 24 20 0 0 4Azerbaijan; Republic of 15 49 0 64 3 0 39 22Bahrain 3 0 10 13 11 0 0 2Bangladesh 69 15 365 449 370 1 0 78Belarus 3 0 10 13 11 0 0 2Belgium-Luxembourg 5 0 35 39 22 0 12 6Benin 36 147 0 183 2 0 142 39Bolivia 2 5 1 8 3 0 2 2Brazil 1,004 1,306 109 2,419 860 -22 479 1,102Bulgaria 3 7 7 16 13 0 0 3Burkina 43 200 0 243 1 0 191 52Burma 14 59 1 73 46 0 11 17Cambodia 0 0 1 1 1 0 0 0Cameroon 25 105 0 130 10 0 93 27Canada 21 0 73 94 76 0 0 17Central African Republic 2 7 0 9 1 0 5 2Chad 14 70 0 83 3 0 57 24Chile 3 0 11 14 11 0 0 3China; Peoples Republic of 1,359 6,423 1,491 9,274 7,566 0 44 1,664Colombia 19 41 71 131 109 1 0 21Congo; Democratic Rep of th 1 3 3 8 7 0 0 1Costa Rica 1 0 3 4 3 0 0 1Cote d'Ivoire 70 114 0 185 14 0 103 67Cuba 2 1 9 11 10 0 0 2Cyprus 0 0 0 1 0 0 0 0Czech Republic 9 0 44 53 44 0 1 8Denmark 0 0 0 0 0 0 0 0Dominican Republic 0 1 1 2 2 0 0 0Ecuador 7 5 16 27 21 0 0 7Egypt 131 283 120 534 196 3 158 177El Salvador 5 0 21 26 21 0 0 6Estonia 2 0 20 22 20 0 0 2Ethiopia 4 15 0 19 13 0 2 4France 9 0 49 58 44 0 7 8Germany 9 0 76 85 60 0 15 10Ghana 2 7 4 13 11 0 0 2Greece 85 348 4 438 131 11 191 106Guatemala 8 1 21 29 21 0 0 8Guinea 2 8 0 10 0 0 8 3Haiti 1 1 1 3 2 0 0 0Honduras 1 1 2 4 3 0 0 1Hong Kong 16 0 65 81 60 0 5 16Hungary 3 0 8 11 8 0 0 3India 884 3,092 169 4,145 3,048 0 87 1,009Indonesia 81 8 501 590 479 11 4 95Iran 26 103 16 146 114 0 2 29Iraq 4 7 15 26 22 0 0 4Ireland 0 0 0 0 0 0 0 0Israel 9 17 1 27 1 0 17 9Italy 24 0 196 219 191 2 0 27Japan 41 0 163 204 163 0 0 41Kazakhstan; Republic of 29 136 0 165 9 0 120 37Kenya 2 4 9 15 12 0 1 2Korea; Democratic Peoples R 2 12 2 16 14 0 0 2Korea; Republic of 88 0 294 383 288 0 1 93Kyrgyzstan; Republic of 7 48 0 55 1 0 44 10Latvia 1 0 4 4 4 0 0 1Lebanon 1 0 2 3 2 0 0 1Lithuania 1 0 4 5 4 0 0 1Madagascar 2 13 0 15 11 0 2 2Malawi 17 10 0 27 2 0 9 16Malaysia 10 0 49 59 49 0 0 10Mali 56 245 0 301 4 0 223 73

Page 13 Oct. 2004

Page 14: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

Beg. Stocks End. StocksLossUseTotal SupplyImportsProduction Exports

2004/2005

Table 5ACotton Production, Supply and Distribution by Country

1,000 Metric TonsMY

Mauritius 2 0 13 15 11 0 2 2Mexico 232 120 327 678 414 5 44 215Moldova; Republic of 1 0 2 3 2 0 0 1Morocco 6 0 33 39 33 0 0 6Mozambique 5 24 1 30 2 0 22 7Netherlands 1 0 5 6 4 0 0 1Nicaragua 0 2 0 3 0 0 2 0Niger 1 1 0 2 1 0 0 1Nigeria 28 91 15 135 82 0 22 31Norway 0 0 0 0 0 0 0 0Pakistan 442 1,960 354 2,755 2,177 5 44 529Panama 0 0 1 1 1 0 0 0Paraguay 36 107 0 143 5 0 93 45Peru 50 48 33 131 78 0 2 50Philippines 9 1 26 36 27 0 0 9Poland 5 0 48 53 46 0 0 7Portugal 20 0 78 99 78 0 0 20Romania 9 0 22 30 22 0 0 9Russian Federation 43 0 321 364 316 0 0 48Senegal 6 14 0 20 4 0 10 6Singapore 2 0 12 14 0 0 12 2Slovakia 2 0 5 7 5 0 0 2Somalia 0 2 1 3 3 0 0 0South Africa; Republic of 24 20 58 101 71 0 7 24Spain 27 98 16 141 60 0 49 32Sri Lanka 3 1 22 26 22 0 0 5Sudan 51 87 0 138 4 0 71 63Sweden 1 0 3 4 3 0 0 1Switzerland 3 0 14 17 14 0 0 3Syria 65 294 0 359 142 0 142 76Taiwan 72 0 245 317 239 0 0 77Tajikistan; Republic of 34 174 0 208 33 0 134 42Tanzania; United Republic of 33 82 0 115 15 0 49 51Thailand 82 13 468 564 441 5 1 116Togo 27 76 0 103 3 0 70 30Tunisia 3 2 22 27 24 0 0 3Turkey 305 947 468 1,720 1,328 0 54 337Turkmenistan 87 218 0 305 93 0 109 103Uganda 5 29 0 34 4 3 21 6Ukraine 2 0 11 13 10 0 1 2United Kingdom 2 0 13 15 13 0 0 2United States 763 4,691 9 5,463 1,328 -2 2,678 1,459Uruguay 1 0 2 3 2 0 0 1Uzbekistan; Republic of 163 1,045 0 1,208 288 0 697 223Venezuela 6 11 11 27 21 0 0 7Vietnam 27 12 120 159 125 0 0 34Yemen 2 14 0 16 5 0 9 2Yugoslavia 5 0 13 18 13 0 0 5Zambia 25 49 0 74 14 0 29 30Zimbabwe 24 109 0 133 26 0 76 31

7,289 522,07938,1096,94223,878 6,891 9,134World Total

* Loss for countries outside the Unitd States reflects cotton lost or destroyed while in the marketing channel. For the United States, loss reflects the difference between stocks as reported by the Bureau of the Census and implict stocks based on supply plus total use. A negative "loss" is a positive number.

Page 14 Oct. 2004

Page 15: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

Beg. Stocks End. StocksLossUseTotal SupplyImportsProduction Exports

2003/2004

Table 6Cotton Production, Supply and Distribution by Country

(1,000 480 lb Bales)MY

Afghanistan 13 85 0 98 70 0 15 13Albania 15 1 26 42 35 0 0 7Algeria 16 0 100 116 100 0 0 16Angola 4 5 5 14 10 0 0 4Argentina 383 515 206 1,104 550 9 28 517Armenia; Republic of 1 0 1 2 1 0 0 1Australia 1,231 1,500 0 2,731 75 -100 2,163 593Austria 20 0 115 135 115 0 0 20Azerbaijan; Republic of 60 180 0 240 10 0 160 70Bahrain 17 0 75 92 75 0 1 16Bangladesh 308 70 1,540 1,918 1,600 2 0 316Belarus 15 0 55 70 55 0 0 15Belgium-Luxembourg 26 0 185 211 130 0 60 21Benin 216 685 0 901 10 0 725 166Bolivia 14 23 3 40 15 0 15 10Brazil 2,880 5,850 545 9,275 3,800 -100 964 4,611Bulgaria 13 30 35 78 65 0 0 13Burkina 185 965 0 1,150 4 0 950 196Burma 54 257 3 314 200 0 50 64Cambodia 1 0 5 6 5 0 0 1Cameroon 135 500 0 635 45 0 475 115Canada 95 0 375 470 375 0 0 95Central African Republic 10 30 0 40 5 0 25 10Chad 103 225 0 328 15 0 250 63Chile 22 0 53 75 60 0 0 15China; Peoples Republic of 7,684 22,300 8,832 38,816 32,400 0 173 6,243Colombia 78 225 287 590 500 5 0 85Congo; Democratic Rep of th 5 15 15 35 30 0 0 5Costa Rica 3 1 13 17 14 0 0 3Cote d'Ivoire 488 400 0 888 65 0 500 323Cuba 9 4 40 53 45 0 0 8Cyprus 1 0 2 3 2 0 0 1Czech Republic 47 0 225 272 225 0 5 42Denmark 1 0 1 2 1 0 0 1Dominican Republic 2 3 5 10 8 0 0 2Ecuador 24 21 85 130 100 0 0 30Egypt 619 920 375 1,914 900 13 400 601El Salvador 24 1 100 125 100 0 0 25Estonia 11 0 100 111 100 0 0 11Ethiopia 27 60 0 87 60 0 10 17France 57 0 269 326 235 0 48 43Germany 47 0 375 422 300 0 80 42Ghana 15 25 20 60 50 0 0 10Greece 765 1,530 20 2,315 650 50 1,225 390Guatemala 37 3 95 135 100 0 0 35Guinea 15 40 0 55 0 0 45 10Haiti 4 5 4 13 10 0 0 3Honduras 4 4 10 18 15 0 0 3Hong Kong 89 0 300 389 280 0 37 72Hungary 19 0 43 62 45 1 0 16India 3,586 13,800 800 18,186 13,500 0 625 4,061Indonesia 404 37 2,150 2,591 2,150 50 20 371Iran 120 550 50 720 500 0 100 120Iraq 19 30 70 119 100 0 0 19Ireland 1 0 1 2 1 0 0 1Israel 46 80 3 129 4 0 85 40Italy 138 0 950 1,088 950 10 20 108Japan 235 0 778 1,013 825 0 0 188Kazakhstan; Republic of 148 550 0 698 40 0 525 133Kenya 15 20 40 75 55 0 10 10Korea; Democratic Peoples R 10 55 10 75 65 0 0 10Korea; Republic of 487 1 1,273 1,761 1,350 0 5 406Kyrgyzstan; Republic of 37 185 0 222 15 0 175 32Latvia 3 0 17 20 17 0 0 3Lebanon 3 0 10 13 10 0 0 3Lithuania 5 0 25 30 25 0 0 5Madagascar 14 37 10 61 50 0 0 11Malawi 83 48 0 131 5 0 50 76Malaysia 44 0 250 294 250 0 0 44Mali 252 1,200 0 1,452 20 0 1,175 257

Page 15 Oct. 2004

Page 16: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

Beg. Stocks End. StocksLossUseTotal SupplyImportsProduction Exports

2003/2004

Table 6Cotton Production, Supply and Distribution by Country

(1,000 480 lb Bales)MY

Mauritius 11 0 85 96 70 0 15 11Mexico 1,032 357 1,825 3,214 2,000 25 125 1,064Moldova; Republic of 5 0 9 14 10 0 0 4Morocco 32 1 165 198 170 0 0 28Mozambique 30 110 5 145 10 0 110 25Netherlands 5 0 21 26 21 0 0 5Nicaragua 2 10 0 12 1 0 9 2Niger 3 5 0 8 4 0 1 3Nigeria 144 415 70 629 410 0 90 129Norway 0 0 1 1 1 0 0 0Pakistan 2,255 7,750 1,850 11,855 9,600 25 200 2,030Panama 1 0 5 6 5 0 0 1Paraguay 90 500 0 590 25 0 400 165Peru 241 243 147 631 390 0 10 231Philippines 59 3 130 192 150 0 0 42Poland 24 0 220 244 220 0 2 22Portugal 105 0 390 495 400 0 1 94Romania 40 0 100 140 100 0 0 40Russian Federation 222 0 1,475 1,697 1,500 0 0 197Senegal 21 100 0 121 20 0 75 26Singapore 8 0 55 63 0 0 55 8Slovakia 14 0 25 39 30 0 0 9Somalia 1 7 5 13 12 0 0 1South Africa; Republic of 68 115 325 508 360 0 40 108Spain 183 430 85 698 310 0 265 123Sri Lanka 16 5 110 131 115 0 0 16Sudan 278 350 0 628 20 0 375 233Sweden 3 0 14 17 14 0 0 3Switzerland 13 0 71 84 70 0 1 13Syria 349 1,300 0 1,649 650 0 700 299Taiwan 482 0 1,000 1,482 1,150 0 2 330Tajikistan; Republic of 132 780 0 912 130 0 625 157Tanzania; United Republic of 142 235 0 377 70 0 155 152Thailand 595 61 1,678 2,334 1,930 25 1 378Togo 122 325 0 447 15 0 310 122Tunisia 13 10 110 133 120 0 0 13Turkey 1,289 4,100 2,368 7,757 6,000 0 357 1,400Turkmenistan 384 940 0 1,324 375 0 550 399Uganda 23 125 0 148 20 0 105 23Ukraine 9 0 50 59 45 0 5 9United Kingdom 11 0 75 86 75 0 1 10United States 5,385 18,255 45 23,685 6,489 -69 13,759 3,506Uruguay 5 0 10 15 10 0 0 5Uzbekistan; Republic of 893 4,100 5 4,998 1,300 0 2,950 748Venezuela 21 50 50 121 95 0 0 26Vietnam 113 49 485 647 525 0 0 122Yemen 9 65 0 74 25 0 40 9Yugoslavia 26 1 55 82 60 0 0 22Zambia 145 185 0 330 65 0 150 115Zimbabwe 121 460 0 581 130 15 325 111

36,737 -3998,909165,34934,09994,513 33,003 33,476World Total

* Loss for countries outside the Unitd States reflects cotton lost or destroyed while in the marketing channel. For the United States, loss reflects the difference between stocks as reported by the Bureau of the Census and implict stocks based on supply plus total use. A negative "loss" is a positive number.

Page 16 Oct. 2004

Page 17: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

Beg. Stocks End. StocksLossUseTotal SupplyImportsProduction Exports

2003/2004

Table 6ACotton Production, Supply and Distribution by Country

1,000 Metric TonsMY

Afghanistan 3 19 0 21 15 0 3 3Albania 3 0 6 9 8 0 0 2Algeria 3 0 22 25 22 0 0 3Angola 1 1 1 3 2 0 0 1Argentina 83 112 45 240 120 2 6 113Armenia; Republic of 0 0 0 0 0 0 0 0Australia 268 327 0 595 16 -22 471 129Austria 4 0 25 29 25 0 0 4Azerbaijan; Republic of 13 39 0 52 2 0 35 15Bahrain 4 0 16 20 16 0 0 3Bangladesh 67 15 335 418 348 0 0 69Belarus 3 0 12 15 12 0 0 3Belgium-Luxembourg 6 0 40 46 28 0 13 5Benin 47 149 0 196 2 0 158 36Bolivia 3 5 1 9 3 0 3 2Brazil 627 1,274 119 2,019 827 -22 210 1,004Bulgaria 3 7 8 17 14 0 0 3Burkina 40 210 0 250 1 0 207 43Burma 12 56 1 68 44 0 11 14Cambodia 0 0 1 1 1 0 0 0Cameroon 29 109 0 138 10 0 103 25Canada 21 0 82 102 82 0 0 21Central African Republic 2 7 0 9 1 0 5 2Chad 22 49 0 71 3 0 54 14Chile 5 0 12 16 13 0 0 3China; Peoples Republic of 1,673 4,855 1,923 8,451 7,054 0 38 1,359Colombia 17 49 62 128 109 1 0 19Congo; Democratic Rep of th 1 3 3 8 7 0 0 1Costa Rica 1 0 3 4 3 0 0 1Cote d'Ivoire 106 87 0 193 14 0 109 70Cuba 2 1 9 12 10 0 0 2Cyprus 0 0 0 1 0 0 0 0Czech Republic 10 0 49 59 49 0 1 9Denmark 0 0 0 0 0 0 0 0Dominican Republic 0 1 1 2 2 0 0 0Ecuador 5 5 19 28 22 0 0 7Egypt 135 200 82 417 196 3 87 131El Salvador 5 0 22 27 22 0 0 5Estonia 2 0 22 24 22 0 0 2Ethiopia 6 13 0 19 13 0 2 4France 12 0 59 71 51 0 10 9Germany 10 0 82 92 65 0 17 9Ghana 3 5 4 13 11 0 0 2Greece 167 333 4 504 142 11 267 85Guatemala 8 1 21 29 22 0 0 8Guinea 3 9 0 12 0 0 10 2Haiti 1 1 1 3 2 0 0 1Honduras 1 1 2 4 3 0 0 1Hong Kong 19 0 65 85 61 0 8 16Hungary 4 0 9 13 10 0 0 3India 781 3,005 174 3,960 2,939 0 136 884Indonesia 88 8 468 564 468 11 4 81Iran 26 120 11 157 109 0 22 26Iraq 4 7 15 26 22 0 0 4Ireland 0 0 0 0 0 0 0 0Israel 10 17 1 28 1 0 19 9Italy 30 0 207 237 207 2 4 24Japan 51 0 169 221 180 0 0 41Kazakhstan; Republic of 32 120 0 152 9 0 114 29Kenya 3 4 9 16 12 0 2 2Korea; Democratic Peoples R 2 12 2 16 14 0 0 2Korea; Republic of 106 0 277 383 294 0 1 88Kyrgyzstan; Republic of 8 40 0 48 3 0 38 7Latvia 1 0 4 4 4 0 0 1Lebanon 1 0 2 3 2 0 0 1Lithuania 1 0 5 7 5 0 0 1Madagascar 3 8 2 13 11 0 0 2Malawi 18 10 0 29 1 0 11 17Malaysia 10 0 54 64 54 0 0 10Mali 55 261 0 316 4 0 256 56

Page 17 Oct. 2004

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Beg. Stocks End. StocksLossUseTotal SupplyImportsProduction Exports

2003/2004

Table 6ACotton Production, Supply and Distribution by Country

1,000 Metric TonsMY

Mauritius 2 0 19 21 15 0 3 2Mexico 225 78 397 700 435 5 27 232Moldova; Republic of 1 0 2 3 2 0 0 1Morocco 7 0 36 43 37 0 0 6Mozambique 7 24 1 32 2 0 24 5Netherlands 1 0 5 6 5 0 0 1Nicaragua 0 2 0 3 0 0 2 0Niger 1 1 0 2 1 0 0 1Nigeria 31 90 15 137 89 0 20 28Norway 0 0 0 0 0 0 0 0Pakistan 491 1,687 403 2,581 2,090 5 44 442Panama 0 0 1 1 1 0 0 0Paraguay 20 109 0 128 5 0 87 36Peru 52 53 32 137 85 0 2 50Philippines 13 1 28 42 33 0 0 9Poland 5 0 48 53 48 0 0 5Portugal 23 0 85 108 87 0 0 20Romania 9 0 22 30 22 0 0 9Russian Federation 48 0 321 369 327 0 0 43Senegal 5 22 0 26 4 0 16 6Singapore 2 0 12 14 0 0 12 2Slovakia 3 0 5 8 7 0 0 2Somalia 0 2 1 3 3 0 0 0South Africa; Republic of 15 25 71 111 78 0 9 24Spain 40 94 19 152 67 0 58 27Sri Lanka 3 1 24 29 25 0 0 3Sudan 61 76 0 137 4 0 82 51Sweden 1 0 3 4 3 0 0 1Switzerland 3 0 15 18 15 0 0 3Syria 76 283 0 359 142 0 152 65Taiwan 105 0 218 323 250 0 0 72Tajikistan; Republic of 29 170 0 199 28 0 136 34Tanzania; United Republic of 31 51 0 82 15 0 34 33Thailand 130 13 365 508 420 5 0 82Togo 27 71 0 97 3 0 67 27Tunisia 3 2 24 29 26 0 0 3Turkey 281 893 516 1,689 1,306 0 78 305Turkmenistan 84 205 0 288 82 0 120 87Uganda 5 27 0 32 4 0 23 5Ukraine 2 0 11 13 10 0 1 2United Kingdom 2 0 16 19 16 0 0 2United States 1,172 3,975 10 5,157 1,413 -15 2,996 763Uruguay 1 0 2 3 2 0 0 1Uzbekistan; Republic of 194 893 1 1,088 283 0 642 163Venezuela 5 11 11 26 21 0 0 6Vietnam 25 11 106 141 114 0 0 27Yemen 2 14 0 16 5 0 9 2Yugoslavia 6 0 12 18 13 0 0 5Zambia 32 40 0 72 14 0 33 25Zimbabwe 26 100 0 126 28 3 71 24

7,999 -821,53536,0017,42420,578 7,186 7,289World Total

* Loss for countries outside the Unitd States reflects cotton lost or destroyed while in the marketing channel. For the United States, loss reflects the difference between stocks as reported by the Bureau of the Census and implict stocks based on supply plus total use. A negative "loss" is a positive number.

Page 18 Oct. 2004

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Region/Country Pima All Upland >1-1/16"1" to 1-1/16" < 1"

EUROPEAN UNION -25 1.2 -0.8 -0.8 0.0 0.0OTHER EUROPE 0.7 129.6 59.7 69.8 0.0EASTERN EUROPE 0.0 0.0 0.0 0.0 0.0FORMER SOVIET UNION -12 0.0 0.0 0.0 0.0 0.0JAPAN 0.6 13.5 13.7 -0.3 0.1TAIWAN 9.1 31.2 24.0 7.2 0.0CHINA 15.1 104.3 96.8 7.5 0.0KOR REP 0.7 32.3 29.9 2.4 0.0INDIA 0.0 0.6 0.6 0.0 0.0OTHER ASIA AND OCEANIA 25.2 132.8 109.0 23.8 0.0AFRICA 0.0 0.0 0.0 0.0 0.0WESTERN HEMISPHERE 11.0 82.7 84.9 -2.2 0.0UNKNOWN 0.0 3.0 3.0 0.0 0.0TOTAL 63.7 529.2 420.9 108.2 0.1Weekly Ave. 21.2 176.4 140.3 36.1 0.0

Total Net Sales 50.2 390.0 326.0 57.6 6.3Weekly Ave. 12.6 97.5 81.5 14.4 1.6Note: Totals may not add due to rounding.Source: USDA/FAS Oct-04

Accumulated ExportsOutstanding SalesCommitmentsWeekly Export Ave

Oct-04Note: Totals may not add due to rounding.Source: USDA/FAS

Table 7: U.S. Export Sales Summary

Monthly Export Sales for-3 Week Period

Sep 09, 2004 - Sep 30, 2004 (1,000 Running Bales)

---------Upland---------

All Cotton Marketing Year Totals to Date

Current Year through Sep 30

Last MY through Oct 2

MY2003/2004 (Sep 04 - Oct 02)

1,133,500 1,364,9004,624,700 2,366,3005,758,200 3,731,200

126 152

Page 19 Oct. 2004

Page 20: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

Table 8

Northern European Cotton Price Quotations and USDA's Adjusted World Price (in cents per pound)

Date Cotlook Northen Europe (NE)

Lowest U.S. Quote U.S. - NE Lowest NE Quote Adjusted World Price

Yearly Average1994/1995 91.08 94.02 2.94 81.06 76.121995/1996 85.52 93.02 7.50 81.95 71.141996/1997 78.60 82.71 4.12 74.89 64.121997/1998 72.15 77.23 5.08 66.91 58.241998/1999 58.90 69.42 10.53 57.81 44.641999/2000 52.88 60.98 8.10 49.35 38.912000/2001 57.34 61.91 4.57 54.79 44.002001/2002 41.82 45.17 3.35 41.49 28.492002/2003 55.89 60.42 4.52 53.44 43.092003/2004 69.21 72.76 3.55 69.23 55.062004/2005 54.93 54.56 -0.37 52.50 39.86

Monthly AverageAugust 2003 60.52 62.49 1.97 59.86 52.97September 2003 63.55 67.62 4.07 63.32 47.55October 2003 72.56 77.57 5.01 72.39 55.59November 2003 76.94 78.24 1.29 74.50 64.88December 2003 73.36 74.12 0.76 72.50 60.37January 2004 76.16 77.89 1.73 75.36 62.45February 2004 73.91 75.00 1.09 73.08 61.17March 2004 72.23 73.80 1.58 71.01 59.03April 2004 69.45 70.85 1.40 68.54 55.99May 2004 70.04 76.18 6.14 67.57 54.96June 2004 64.55 71.23 6.68 62.25 48.95July 2004 57.02 67.09 10.08 55.10 41.25August 2004 53.56 53.21 -0.35 52.02 38.13September 2004 56.57 56.08 -0.49 53.00 41.54October 2004 53.48 53.50 0.02 52.40 38.42

Weekly Average5/13/2004 70.84 77.10 6.26 71.05 54.625/20/2004 70.46 77.45 6.99 71.05 55.205/27/2004 69.35 75.95 6.60 69.80 54.266/3/2004 67.91 72.81 4.90 68.06 51.076/10/2004 66.38 70.75 4.37 66.20 49.866/17/2004 65.43 71.55 6.12 65.30 49.026/24/2004 62.30 70.00 7.70 62.20 45.847/1/2004 61.30 71.85 10.55 60.50 45.267/8/2004 58.50 69.40 10.90 57.55 42.027/15/2004 57.15 66.80 9.65 56.15 40.547/22/2004 56.86 67.25 10.39 55.85 40.307/29/2004 55.50 64.85 9.35 54.90 38.128/5/2004 52.60 53.65 1.05 51.40 36.968/12/2004 52.57 51.70 -0.87 50.85 37.518/19/2004 52.45 51.75 -0.70 51.05 37.398/26/2004 55.72 56.60 0.88 54.05 40.669/2/2004 57.80 58.00 0.20 56.62 42.749/9/2004 58.13 58.15 0.02 56.40 43.079/16/2004 57.38 56.75 -0.63 56.50 42.329/23/2004 55.00 53.95 -1.05 54.40 39.949/30/2004 54.67 54.00 -0.67 53.00 39.6110/7/2004 53.48 53.50 0.02 52.40 38.42

1. The Cotlook Northern Europe quote is the average of the five lowest quotes of the following descriptions (all 1-3/32"): Memphis Terr.; Calif. Ariz; Mexico; Central America; Paraguayan; Turkish; Uzbeki; Pakistani 1503; Indian H-4; Chinese Type 329; West African; Tanzanian; Greek; Syrian; and Australian. Prior to 1 August 2004, was refered to as the "A-Index"

2. Reflects incorporation of forward shipment quotations but does not include the Secretary's discretionary adjustments.Averages for August 1998 and forward reflect 1998/99 quotations; others are 1997/98 quotationsSOURCE: Cotlook, Ltd. United Kingdom

Page 20 Oct. 2004

Page 21: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

World

1,000 Hectares

Begining Stocks

Production Ending Stocks

LossImports Consumption

Yield Kg/Ha

Total Supply

Exports

Cotton Production, Yield, Supply and UtilizationTable 9

(1,000 480-Lb. Bales, 1961/1962-2004/2005)

Marketing Year

21,157 44,566 21,463-19315,986 44,804 15,63581,7092991961/1962 32,420

21,463 46,989 25,315-30916,472 43,990 15,92884,9243221962/1963 31,761

25,315 50,815 28,330-18417,790 47,786 17,98893,9203371963/1964 32,852

28,330 53,746 31,283017,370 51,225 16,93899,4463491964/1965 33,526

31,283 56,949 34,832-26017,133 53,827 16,966105,3653721965/1966 33,288

34,832 52,260 30,7361518,009 56,043 18,307105,1013651966/1967 31,168

30,736 51,560 25,861-917,368 56,192 17,62099,6643631967/1968 30,923

25,861 56,893 26,2563516,935 56,368 17,03099,6893881968/1969 31,913

26,256 54,326 24,670-9517,698 55,970 17,73598,2803641969/1970 32,461

24,670 55,572 24,1251424,612 57,133 23,582104,8543801970/1971 31,803

24,125 59,152 24,729124,669 58,381 24,835107,9463901971/1972 33,023

24,729 61,867 26,767-10927,377 59,499 27,816113,9734021972/1973 33,541

26,767 62,478 29,4386326,744 60,268 26,220115,9894141973/1974 32,846

29,438 63,817 35,63211123,824 57,041 24,295117,0794151974/1975 33,509

35,632 53,975 28,18114526,286 61,600 25,967115,8933931975/1976 29,874

28,181 56,527 24,66013824,931 60,238 24,603109,6394031976/1977 30,535

24,660 63,908 27,91730827,120 61,022 26,441115,6884141977/1978 33,576

27,917 59,496 24,136-7627,129 63,229 27,253114,5423941978/1979 32,904

24,136 65,446 23,5121030,506 65,904 30,662120,0884421979/1980 32,219

23,512 63,381 22,893-3327,253 65,021 26,265114,1464261980/1981 32,368

22,893 68,839 28,11823925,698 63,309 25,764117,4304551981/1982 32,933

28,118 66,332 27,73430226,071 66,970 25,515120,5214601982/1983 31,394

27,734 66,277 26,56149627,059 68,680 25,333121,0704671983/1984 30,920

26,561 88,706 44,40647427,629 70,816 27,200142,8965731984/1985 33,734

44,406 80,153 49,88025228,981 75,330 28,078153,5405531985/1986 31,584

49,880 70,359 37,70817933,093 82,095 33,350153,3325221986/1987 29,353

37,708 81,446 34,90053430,529 84,146 30,103149,6835741987/1988 30,871

34,900 84,220 33,34164233,582 85,238 33,481152,7025431988/1989 33,767

33,341 79,716 27,26423432,703 86,905 31,357145,7605501989/1990 31,559

27,264 87,141 29,73917030,598 85,534 29,560145,0035721990/1991 33,160

29,739 95,310 38,94366829,062 86,252 28,248154,1115971991/1992 34,784

36,663 82,325 33,55166327,018 86,317 25,475146,0065491992/1993 32,647

33,551 77,522 26,44444327,871 85,397 26,660138,9445501993/1994 30,712

26,444 86,111 30,15012030,560 84,393 28,452143,1155821994/1995 32,222

30,150 93,668 37,7913127,304 85,654 27,646151,1225671995/1996 35,986

37,791 89,894 41,8884028,886 87,612 27,031156,5715801996/1997 33,736

41,888 92,031 45,98811926,206 87,151 26,867160,1255941997/1998 33,743

45,988 85,358 48,212-38924,662 84,653 23,532156,0085661998/1999 32,851

48,212 87,612 45,69412328,129 91,006 27,130163,9535901999/2000 32,346

45,694 88,785 42,756-56426,353 92,195 26,445160,8326022000/2001 32,114

42,756 98,626 47,45010429,633 94,567 28,894171,0156362001/2002 33,784

47,450 88,329 36,73724630,222 98,656 30,362166,0016312002/2003 30,454

36,737 94,513 33,476-3934,099 98,909 33,003165,3496382003/2004 32,253

33,476 109,670 41,9542431,885 101,405 31,648175,0316802004/2005 35,129

Note: Beginning with 1970/71, world and foreign import and export totals were expanded to include trade among the 12 countries of the former Soviet Union and the 3 Baltic states.

Page 21 Oct. 2004

Page 22: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

United States

1,000 Hectares

Begining Stocks

Production Ending Stocks

LossImports Consumption

Yield Kg/Ha

Total Supply

Exports

Cotton Production, Yield, Supply and UtilizationTable 10

(1,000 480-Lb. Bales, 1961/1962-2004/2005)

Marketing Year

7,056 14,283 7,699-280153 9,017 5,05621,4924921961/1962 6,327

7,699 14,827 11,136-386137 8,484 3,42922,6635121962/1963 6,301

11,136 15,294 12,351-257135 8,696 5,77526,5655791963/1964 5,752

12,351 15,144 14,249-92118 9,261 4,19527,6135801964/1965 5,689

14,249 14,951 17,028-341118 9,596 3,03529,3185911965/1966 5,510

17,028 9,555 12,344-62105 9,574 4,83226,6885381966/1967 3,866

12,344 7,443 6,584-86149 9,077 4,36119,9365011967/1968 3,236

6,584 10,925 6,544-12468 8,332 2,82517,5775791968/1969 4,112

6,544 9,990 5,843-24952 8,114 2,87816,5864861969/1970 4,474

5,843 10,192 4,203-23237 8,204 3,89716,0724921970/1971 4,514

4,203 10,477 3,258-15072 8,259 3,38514,7524911971/1972 4,643

3,258 13,704 4,221-30534 7,769 5,31116,9965681972/1973 5,255

4,221 12,974 3,808-16048 7,472 6,12317,2435831973/1974 4,844

3,808 11,540 5,708-11234 5,860 3,92615,3824941974/1975 5,086

5,708 8,302 3,681-14092 7,250 3,31114,1025081975/1976 3,560

3,681 10,581 2,928-8638 6,674 4,78414,3005221976/1977 4,417

2,928 14,389 5,34785 6,483 5,48417,3225831977/1978 5,372

5,347 10,856 3,958-2834 6,352 6,18016,2074711978/1979 5,018

3,958 14,629 3,000-1435 6,506 9,22918,5926131979/1980 5,193

3,000 11,122 2,668-33528 5,891 5,92614,1504531980/1981 5,348

2,668 15,646 6,632-12326 5,264 6,56718,3406081981/1982 5,601

6,632 11,963 7,937-4220 5,513 5,20718,6156611982/1983 3,939

7,937 7,771 2,77523812 5,921 6,78615,7205691983/1984 2,973

2,775 12,982 4,102-7424 5,538 6,21515,7816731984/1985 4,200

4,102 13,432 9,348-15433 6,413 1,96017,5677061985/1986 4,140

9,348 9,731 5,026-803 7,452 6,68419,0826181986/1987 3,427

5,026 14,760 5,771-1822 7,617 6,58219,7887921987/1988 4,059

5,771 15,411 7,0921655 7,782 6,14821,1876941988/1989 4,835

7,092 12,196 3,000-1632 8,759 7,69419,2906881989/1990 3,860

3,000 15,505 2,344-2854 8,657 7,79318,5097111990/1991 4,748

2,344 17,614 3,704813 9,613 6,64619,9717311991/1992 5,245

3,704 16,218 4,662-1901 10,250 5,20119,9237851992/1993 4,501

4,662 16,134 3,530-86 10,418 6,86220,8026791993/1994 5,173

3,530 19,662 2,650-3820 11,198 9,40223,2127941994/1995 5,391

2,650 17,900 2,60927408 10,647 7,67520,9586021995/1996 6,478

2,609 18,942 3,971-8403 11,126 6,86521,9547911996/1997 5,216

3,971 18,793 3,8874113 11,349 7,50022,7777541997/1998 5,425

3,887 13,918 3,939-394439 10,401 4,29818,2447011998/1999 4,324

3,939 16,968 3,91514597 10,194 6,75021,0046801999/2000 5,433

3,915 17,188 6,000-48316 8,862 6,74021,1197082000/2001 5,282

6,000 20,303 7,44818021 7,696 11,00026,3247902001/2002 5,596

7,448 17,209 5,38516667 7,273 11,90024,7247462002/2003 5,025

5,385 18,255 3,506-6945 6,489 13,75923,6858182003/2004 4,858

3,506 21,545 6,700-940 6,100 12,30025,0918772004/2005 5,351

Note: Beginning with 1970/71, world and foreign import and export totals were expanded to include trade among the 12 countries of the former Soviet Union and the 3 Baltic states.

Page 22 Oct. 2004

Page 23: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

Foreign

1,000 Hectares

Begining Stocks

Production Ending Stocks

LossImports Consumption

Yield Kg/Ha

Total Supply

Exports

Cotton Production, Yield, Supply and UtilizationTable 11

(1,000 480-Lb. Bales, 1961/1962-2004/2005)

Marketing Year

14,101 30,283 13,7648715,833 35,787 10,57960,2172531961/1962 26,093

13,764 32,162 14,1797716,335 35,506 12,49962,2612751962/1963 25,461

14,179 35,521 15,9797317,655 39,090 12,21367,3552851963/1964 27,101

15,979 38,602 17,0349217,252 41,964 12,74371,8333021964/1965 27,837

17,034 41,998 17,8048117,015 44,231 13,93176,0473291965/1966 27,778

17,804 42,705 18,3927717,904 46,469 13,47578,4133411966/1967 27,302

18,392 44,117 19,2777717,219 47,115 13,25979,7283471967/1968 27,687

19,277 45,968 19,71215916,867 48,036 14,20582,1123601968/1969 27,801

19,712 44,336 18,82715417,646 47,856 14,85781,6943451969/1970 27,988

18,827 45,380 19,92224624,575 48,929 19,68588,7823621970/1971 27,289

19,922 48,675 21,47115124,597 50,122 21,45093,1943731971/1972 28,380

21,471 48,163 22,54619627,343 51,730 22,50596,9773711972/1973 28,286

22,546 49,504 25,63022326,696 52,796 20,09798,7463851973/1974 28,002

25,630 52,277 29,92422323,790 51,181 20,369101,6974001974/1975 28,423

29,924 45,673 24,50028526,194 54,350 22,656101,7913781975/1976 26,314

24,500 45,946 21,73222424,893 53,564 19,81995,3393831976/1977 26,118

21,732 49,519 22,57030027,115 54,539 20,95798,3663821977/1978 28,204

22,570 48,640 20,17820727,125 56,877 21,07398,3353801978/1979 27,886

20,178 50,817 20,51215330,501 59,398 21,433101,4964091979/1980 27,026

20,512 52,259 20,22530227,225 59,130 20,33999,9964211980/1981 27,020

20,225 53,193 21,48636225,672 58,045 19,19799,0904241981/1982 27,332

21,486 54,369 19,79734426,051 61,457 20,308101,9064311982/1983 27,455

19,797 58,506 23,78625827,047 62,759 18,547105,3504561983/1984 27,947

23,786 75,724 40,30454827,605 65,278 20,985127,1155581984/1985 29,534

40,304 66,721 40,53240628,948 68,917 26,118135,9735291985/1986 27,444

40,532 60,628 32,68225933,090 74,643 26,666134,2505091986/1987 25,926

32,682 66,686 29,12971630,527 76,529 23,521129,8955421987/1988 26,812

29,129 68,809 26,24947733,577 77,456 27,333131,5155181988/1989 28,932

26,249 67,520 24,26439732,701 78,146 23,663126,4705311989/1990 27,699

24,264 71,636 27,39545530,594 76,877 21,767126,4945491990/1991 28,412

27,395 77,696 35,23966029,049 76,639 21,602134,1405731991/1992 29,539

32,959 66,107 28,88985327,017 76,067 20,274126,0835111992/1993 28,146

28,889 61,388 22,91445127,865 74,979 19,798118,1425231993/1994 25,539

22,914 66,449 27,50015830,540 73,195 19,050119,9035391994/1995 26,831

27,500 75,768 35,182426,896 75,007 19,971130,1645591995/1996 29,508

35,182 70,952 37,9174828,483 76,486 20,166134,6175421996/1997 28,520

37,917 73,238 42,1017826,193 75,802 19,367137,3485631997/1998 28,318

42,101 71,440 44,273524,223 74,252 19,234137,7645451998/1999 28,527

44,273 70,644 41,779-2228,032 80,812 20,380142,9495721999/2000 26,913

41,779 71,597 36,756-8126,337 83,333 19,705139,7135812000/2001 26,832

36,756 78,323 40,002-7629,612 86,871 17,894144,6916052001/2002 28,188

40,002 71,120 31,3528030,155 91,383 18,462141,2776092002/2003 25,429

31,352 76,258 29,9703034,054 92,420 19,244141,6646062003/2004 27,395

29,970 88,125 35,2543331,845 95,305 19,348149,9406442004/2005 29,778

Note: Beginning with 1970/71, world and foreign import and export totals were expanded to include trade among the 12 countries of the former Soviet Union and the 3 Baltic states.

Page 23 Oct. 2004

Page 24: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

(1,000 480-Lb. Bales, 1961/1962-2004/2005)

Peru Production and Utilization

MY AreaBegin EndExportsImports LossProduction UseYield Supply1961/1962 253315 3945760 9754 90649 1,0691962/1963 257394 4056000 0706 95598 1,1001963/1964 246405 4145750 0679 95601 1,0841964/1965 238414 3885500 12626 90573 1,0401965/1966 204388 3515250 0583 95622 9711966/1967 181351 2734500 1463 90557 8141967/1968 166273 3093900 0501 75657 7741968/1969 169309 2754000 0446 80575 7551969/1970 144275 2523670 0434 90656 7091970/1971 136252 2403000 0408 120653 6601971/1972 128240 2332600 0394 141670 6341972/1973 135233 2412500 0413 155666 6461973/1974 148241 2662750 0450 150662 6911974/1975 134266 2532500 0397 160645 6631975/1976 98253 1862250 0288 130640 5411976/1977 110186 1602000 0304 130602 4901977/1978 116160 1682000 0348 140653 5081978/1979 135168 2212250 0428 150690 5961979/1980 148221 2352600 0464 190683 6851980/1981 157235 2872000 10502 240696 7371981/1982 132287 3031750 6447 250737 7341982/1983 85303 1481500 0185 190474 4881983/1984 95148 205750 0352 220807 5001984/1985 158205 2651750 0510 275703 7151985/1986 166265 2981750 0533 325699 7981986/1987 120298 2371250 0354 290642 6521987/1988 133237 291759 0495 375810 7411988/1989 171291 3341460 0564 375718 8551989/1990 138334 2981300 0419 325661 7531990/1991 118298 2271200 0309 260570 6071991/1992 86227 1564030 0189 250478 4461992/1993 65156 1321555 0171 235573 3821993/1994 97132 20110100 0294 315660 5261994/1995 124201 2364550 0380 350667 6311995/1996 137236 3307573 0471 375749 7801996/1997 91330 2406080 0255 365610 6651997/1998 74240 19120170 0166 365488 5761998/1999 79191 22510185 0239 380659 6151999/2000 89225 2608185 0268 410656 6782000/2001 69260 24211158 0235 400742 6532001/2002 72242 24310188 0223 400674 6532002/2003 65243 2418216 0220 430737 6792003/2004 75241 23110147 0243 390705 6312004/2005 75231 23110150 0220 360639 601

Page 24 Oct. 2004

Page 25: Cotton: World Markets and Trade...Marketing Year Area Harvested Beginning Stocks Production Imports Use Loss Exports Ending Stocks Yield Kg/Ha Summary of Changes in Estimates and Forecasts

(1,000 480-Lb. Bales, 1990/1991-2004/2005)

Malawi Production and Utilization

MY AreaBegin EndExportsImports LossProduction UseYield Supply1990/1991 598 29150 051 15188 591991/1992 5829 15400 -2016 1060 451992/1993 5315 49100 054 10222 691993/1994 3849 19400 020 10115 691994/1995 7519 76151 081 10235 1011995/1996 7976 100650 099 10273 1751996/1997 70100 59850 054 10168 1541997/1998 4559 43500 044 10213 1031998/1999 5343 43350 045 10185 881999/2000 4043 48290 044 10239 872000/2001 4748 29530 044 10204 922001/2002 4729 49160 046 10213 752002/2003 4749 8390 048 5222 972003/2004 4783 76500 048 5222 1312004/2005 4776 74400 048 10222 124

Page 25 Oct. 2004