USDA10/11 At The End Of The World Cotton Market, The Inventory Month Ratio Was Lower Than That Of Last Month.
USDA 10/11 world
cotton
Early inventory and final inventory month ratio lower than last month's Report
World announced in June 10, 2010
Agriculture
The supply and demand forecast shows that the inventory and final inventory of US cotton at the beginning of 2010/11 were slightly lower than that of last month's report.
As exports were expected to be raised in 2009/10, inventory fell by 200000 bales at the beginning of this year.
Output, domestic consumption and export expectations have not been adjusted.
Therefore, the final inventory is revised down to 2 million 800 thousand packs, equivalent to 17% of the total consumption, which is the minimum inventory since 1995/96.
The forecast shows that the average annual price of the growers in the market is 60-74 cents / pound.
World inventories in 2010/11 showed that inventory and final inventory at the beginning of last year were lower than those reported last month.
Inventories dropped by about 550000 packages in the early part of the year, as China's stock forecasts were raised, while Turkey, India, the United States, Pakistan, Brazil and other countries lowered their stock prices by a larger margin.
Australia, Sultan and Mexico increased production, while Pakistan and Turkey.
Consumption
Raise.
Therefore, the global inventory is 49 million 600 thousand packs and the total usage is 41 million 500 thousand packs. If so, it will be the minimum inventory to consumption ratio since 1994/95.
Compared with last month's report, the revised part of the world and US estimates in 2009/10 included a 450000 reduction in inventory at the beginning of the world, mainly in Turkey.
World consumption is up by about 500000 packs, as the data in Pakistan and Turkey have been adjusted. Analysts expect that the final inventory in Pakistan and Turkey will be lower than expected earlier.
Imports in China and Turkey have increased, while exports in the US and India have increased.
The average price received by American growers is expected to drop by 1 cents at the upper end of the forecast interval of 61.50-63.50 cents / pound.
- Related reading
Ministry Of Commerce: The Export Tax Rebate Rate Of Some Products Will Be Lowered.
|
Cotton Weather: In Early June, Some Cotton Began To Bud &Nbsp, And The Weather Was Suitable.
|Cotton Diseases And Insect Pests Are Expected To Occur Moderately In Xinjiang In The Near Future.
|- Exhibition topic | 2017 Shanghai ASGA Exhibition August 9Th Grand Opening, The Most Comprehensive Strategy Here.
- Fashion blog | Joe Chen, The Most Beautiful Bridesmaid, Grew Up In The Summer.
- Global Perspective | Fashion Brands Are Always Labeled As "Exploited" Hats. Bangladesh Starts Digital Garment "Tear Labels".
- Other | Rugao'S Economy Has Always Maintained A Strong Momentum Of Development.
- Visual gluttonous | A Spray Of Waves, Sweet And Greasy, Miss Tan Songyun. Her Hair Is Short And Sweet.
- Popular this season | Yang Mi And Lu Han Share The Same Apple Head And Age. Ariel Lin Is Tied Up.
- DIY life | Yang Mi And Zhao Liying Hit A Single Girl With Beautiful Girls.
- Industry Overview | India Cotton Prices Remain High In The New Year
- Market quotation | Although The Reserve Cotton Has Been Step-By-Step Out Of Business, The Auction Speed Is Still Slowing Down.
- Information Release of Exhibition | FASHION SOURCE AWARDS Gold And Silk Award -- Focusing On Innovative Products And Craftsmen In The Clothing Industry
- Brand Shoes Enterprises Frequently Appear "Quality Gate" &Nbsp; When Will They Disappear?
- June 14Th Grey Cloth Key Enterprises Quoted Price Early
- Footwear Standardization Conference Held &Nbsp; AOKANG Lining Active Participation
- Ministry Of Commerce: The Export Tax Rebate Rate Of Some Products Will Be Lowered.
- Cold Thinking About Sports Shoes Enterprises Keen On Sports Marketing
- Cotton Weather: In Early June, Some Cotton Began To Bud &Nbsp, And The Weather Was Suitable.
- Raw Material Enterprises Quoted Price In June 14Th
- My Tiger Shoes Are Also "Non Heritage".
- Cotton Diseases And Insect Pests Are Expected To Occur Moderately In Xinjiang In The Near Future.
- 骆驼童鞋力争成为高端鞋服品牌