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For an email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/ new. Approved by the World Agricultural Outlook Board/USDA Record World Consumption and Stocks Outside of China in 2018/19 USDA’s first detailed forecast for the 2018/19 marketing year shows world ending stocks forecast down slightly. However, stocks outside of China will increase for the third year in a row and reach a record at just over 50 million bales. Ending stocks are forecast to increase in nearly all major producing and consuming countries as global production remains high relative to consumption. In contrast, China’s ending stocks are forecast to fall for the fourth consecutive year and be less than half the level seen in 2014/15. Continued reserve sales and strong consumption growth in China will combine to work down stocks. Global consumption is forecast at a record level of just over 125 million bales. If realized, this would be the seventh consecutive year of growth as global textile consumption continues to recovery from recessionary contractions. Growth is expected in all of the top- ten spinning countries, with continued very strong growth forecast for Vietnam and Bangladesh in particular, two countries that have led the way in growth over the last several years. India is also expected to see above-world-average growth rates after several years of sluggish performance. United States Department of Agriculture Foreign Agricultural Service May 2018 Cotton: World Markets and Trade 0 20 40 60 80 100 120 140 World Consumption; ↑ 3.9% Others 4.4% Turkey 2.8% Bangladesh 6.8% Pakistan 1.0% India 4.1% China 3.8% 0 20 40 60 80 100 120 World Ending Stocks; ↓ 5.1% China -18.4% Others 6.8% Pakistan 4.5% United States 10.6% Brazil 7.7% India 4.4% Mil. Bales Mil. Bales

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For an email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/ new.

Approved by the World Agricultural Outlook Board/USDA

Record World Consumption and Stocks Outside of China in 2018/19

USDA’s first detailed forecast for the 2018/19 marketing year shows world ending stocks forecast down slightly. However, stocks outside of China will increase for the third year in a row and reach a record at just over 50 million bales. Ending stocks are forecast to increase in nearly all major producing and consuming countries as global production remains high relative to consumption. In contrast, China’s ending stocks are forecast to fall for the fourth consecutive year and be less than half the level seen in 2014/15. Continued reserve sales and strong consumption growth in China will combine to work down stocks. Global consumption is forecast at a record level of just over 125 million bales. If realized, this would be the seventh consecutive year of growth as global textile consumption continues to recovery from recessionary contractions. Growth is expected in all of the top-ten spinning countries, with continued very strong growth forecast for Vietnam and Bangladesh in particular, two countries that have led the way in growth over the last several years. India is also expected to see above-world-average growth rates after several years of sluggish performance.

United States Department of Agriculture Foreign Agricultural Service May 2018

Cotton: World Markets and Trade

0

20

40

60

80

100

120

140

World Consumption; ↑ 3.9%

Others 4.4%

Turkey 2.8%

Bangladesh 6.8%

Pakistan 1.0%

India 4.1%

China 3.8%0

20

40

60

80

100

120

World Ending Stocks; ↓ 5.1%

China -18.4%

Others 6.8%

Pakistan 4.5%

United States10.6%

Brazil 7.7%

India 4.4%

Mil. Bales Mil. Bales

Global production in 2018/19 is forecast to decline slightly. Lower production in the United States and China will more than offset increases in Brazil, Pakistan, and others. The decline in U.S. production is due to higher forecast abandonment given ongoing drought conditions in the Southwest.

World exports are forecast up over 4.4 percent. Trade will be up in nearly all exporting countries, although in many cases not enough to offset higher production. With significantly higher exportable supplies, Brazil, West Africa, and Australia will capture a majority of the increase.

World imports are necessarily up by a similar amount as exports. In particular, China is expected to allow considerably more cotton imports in 2018/19 than in recent years, implying a loosening of the import control regime. Import growth in Vietnam and Bangladesh is expected to continue alongside rising mill use.

0

20

40

60

80

100

120

140

2014/152015/162016/172017/182018/19

World Production; ↓ 1.0%

Others -0.1%

Pakistan 7.3%

Brazil 1.1%

United States -6.8%

China -1.8%

India 0.0%

0

5

10

15

20

25

30

35

40

45

2014/15 2015/16 2016/17 2017/18 2018/19

World Exports; ↑ 4.4%

Others 6.2%

Mali 13.6%

India -5.6%

Australia 15.4%

Brazil 14.3%

United States 0.0%

0

5

10

15

20

25

30

35

40

45

2014/15 2015/16 2016/17 2017/18 2018/19

World Imports; ↑ 4.8%

Others -9.2%

Indonesia 2.9%

Turkey -8.9%

China 37.3%

Vietnam 13.2%

Bangladesh 6.8%

Mil. Bales

Mil. Bales

Mil. Bales

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Overview

For 2018/19, production is forecast down slightly on marginally lower area. Consumption is forecast up in most significant markets. Trade is higher, supported by expanded consumption in import-dependent countries. U.S. total supply is up as higher beginning stocks more than offset lower production; with exports unchanged, stocks will continue to grow. The U.S. season-average farm price is forecast at 65 cents per pound. For 2017/18, there are only minor changes to the global balance sheet, which result in marginally higher ending stocks. The U.S. balance sheet has slightly lower production based on the final 2018 ginnings report, as well higher exports. This results in lower ending stocks. The U.S. season-average farm price is unchanged at 68 cents per pound. For current prices received by farmers click here; NASS farm price

Prices

The A-index has maintained its level at about the 90- cent level, while the spot price has recovered slightly, as global demand for cotton remains strong. For more information on U.S. spot price click here; AMS Cotton Market News

2017/18 TRADE OUTLOOK Major Importers: 000s of 480-lb statistical bales Change Current Prev Reason WORLD -43 39,227 39,054 Turkey 150 3,950 3,800 Strong pace of trade to date Major Exporters 000s of 480-lb statistical bales Change Current Prev Reason WORLD -148 39,383 39,060 United States 500 15,500 15,000 Strong pace of trade to date

Chad 120 250 130 Historical time series revisions resulting in higher estimates of available supplies

Benin 100 750 650 Strong pace of trade to date

Australia -300 3,900 4,200 Strong late-season competition from U.S. exports, as well as sluggish recent sales activity

Uzbekistan 100 1,300 1,200 Strong pace of trade to date

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m. FAS Reports and Databases: Current World Market and Trade and World Agricultural Production Reports:

https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads Archives World Market and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7 Production, Supply and Distribution Database (PSD Online): https://apps.fas.usda.gov/psdonline/app/index.html#/app/home Global Agricultural Trade System (U.S. Exports and Imports):

http://apps.fas.usda.gov/gats/default.aspx Export Sales Report:

http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports):

http://gain.fas.usda.gov/Pages/Default.aspx Other USDA Reports: World Agricultural Supply and Demand Estimates (WASDE):

http://www.usda.gov/oce/commodity/wasde/ Economic Research Service:

http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service:

http://www.nass.usda.gov/Publications/

Questions may be directed to:

James Johnson (202) 690-1546 [email protected]

Lyman Stone (202) 720-0683 [email protected]

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Summary of Changes in estimates and Forecasts from Last Month

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks

Production Imports Exports Use Loss Total Dom.

Cons.

Ending

Stocks

Angola

3-10-102000 2009/10

5101-12030 2010/11

10505-28050 2011/12

1415015-3160100 2012/13

1625025-3240140 2013/14

1820020-3190160 2014/15

1015015-340180 2015/16

515015-370100 2016/17

510010-37050 2017/18

Australia

400000-300010000 2017/18

Azerbaijan

1010010-200000 2017/18

Benin

-50000500000 2014/15

-50000000-500 2015/16

25000-7500-500 2016/17

-7500010000250 2017/18

Brazil

60000006008 2004/05

1200000060605 2005/06

1200000001201 2006/07

120000000120-2 2007/08

220000001001202 2008/09

200505000030220-1 2009/10

10010010000002000 2010/11

-80100100000-80100-5 2011/12

-110505000020-80-5 2012/13

-15000000-40-1100 2013/14

3000000180-150-45 2014/15

500000020300 2015/16

700000020500 2016/17

70000000700 2017/18

Burkina

50000-500000 2017/18

Cameroon

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Summary of Changes in estimates and Forecasts from Last Month (Continued)

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks

Production Imports Exports Use Loss Total Dom.

Cons.

Ending

Stocks

-25000250000 2014/15

-25000000-250 2015/16

-500002500-250 2016/17

-750002500-500 2017/18

Chad

50000-500000 2007/08

50000000500 2008/09

250002500500 2009/10

1010100500250 2010/11

1010100-1000100 2011/12

2510100-2500100 2012/13

4010100-2500250 2013/14

7510100-4500400 2014/15

9510100-3000750 2015/16

195000-10000950 2016/17

75000120001950 2017/18

Colombia

000000001 2017/18

Cote d'Ivoire

-550500000 2016/17

-1510010000-50 2017/18

Ethiopia

20-200-2000000 2015/16

30-100-10000200 2016/17

20-100-100-200300 2017/18

Indonesia

-505005000001 2017/18

Italy

5505-55000 2017/18

Japan

050505000 2017/18

Kenya

-5-50-500-100-9 2013/14

-9-100-1000-14-5-17 2014/15

-1-50-5003-93 2015/16

5000006-19 2016/17

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Summary of Changes in estimates and Forecasts from Last Month (Continued)

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks

Production Imports Exports Use Loss Total Dom.

Cons.

Ending

Stocks

650500659 2017/18

Kyrgyzstan

1-10-100000 2013/14

3-20-200010 2014/15

15-20-2-100030 2015/16

-8-20-22500150 2016/17

-21-20-21500-80 2017/18

Latvia

000011000 2017/18

Malawi

69000006909 2013/14

3800000-3169-22 2014/15

2800000-103810 2015/16

-700000-3528-30 2016/17

-4200000-35-7-10 2017/18

Mauritius

050505000 2017/18

Mexico

100000101 2016/17

67000-2525161-1 2017/18

Mozambique

10000-100000 2010/11

35000-2500100 2011/12

-150005000350 2012/13

-300001500-150 2013/14

-20000-1000-300 2014/15

-10000-1000-200 2015/16

-5000-500-100 2016/17

-200001500-50 2017/18

Nigeria

25-250-2500000 2010/11

35-500-500-400250 2011/12

-80-750-75150-400350 2012/13

-70-1000-10050-400-800 2013/14

-40-700-700-400-700 2014/15

0-550-55-25-400-400 2015/16

0-200-20-20-40000 2016/17

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Summary of Changes in estimates and Forecasts from Last Month (Continued)

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks

Production Imports Exports Use Loss Total Dom.

Cons.

Ending

Stocks

-30-150-155-40000 2017/18

Pakistan

40000-400000 2017/18

Senegal

-500050000 2015/16

-5000000-50 2016/17

-800000-3-51 2017/18

Spain

-400000-400 2016/17

10101000024-42 2017/18

Sudan

50-50-50000000 2017/18

Tajikistan

30-50-5-250000 2017/18

Tanzania

-2900000-2900 2015/16

-11400000-85-2950 2016/17

-13400000-20-1140 2017/18

Thailand

050050050000 2017/18

Togo

-500050000 2016/17

-5000000-50 2017/18

Tunisia

-8-100-100-20020 2000/01

-8-250-250-250-80 2001/02

-3-500-500-450-80 2002/03

7-350-350-250-30 2003/04

7-200-200-20070 2004/05

-13-50-50-25070 2005/06

-8-50-5000-130 2006/07

-13-50-50-100-80 2007/08

-18-450-450-500-130 2008/09

-3-50-50100-180 2009/10

-3-50-50-50-30 2010/11

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Summary of Changes in estimates and Forecasts from Last Month (Continued)

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks

Production Imports Exports Use Loss Total Dom.

Cons.

Ending

Stocks

-3-50-50-50-30 2011/12

-8-50-50-100-30 2012/13

-8-100-100-100-80 2013/14

-8-100-100-100-80 2014/15

-8-100-100-100-80 2015/16

-8-100-100-100-80 2016/17

-8-100-100-100-80 2017/18

Turkey

5010001000150000 2017/18

United States

-600-12-120500-5-1070-101 2017/18

Uzbekistan

7010001001000270050 2017/18

Vietnam

-505005000000 2017/18

Zambia

75000-750000 2017/18

Zimbabwe

15000-150000 2017/18

World

World

-8-100-100-20020 2000/01

-8-250-250-250-80 2001/02

-3-500-500-450-80 2002/03

7-350-350-250-30 2003/04

67-200-200-206078 2004/05

107-50-50-2560675 2005/06

112-50-50001071 2006/07

157-50-5-50-100112-2 2007/08

252-450-450-501001572 2008/09

2254450-6251230252-1 2009/10

14781110-29-6-302250 2010/11

760110-50-37-37-80147-5 2011/12

-174-560-65172-34207-5 2012/13

-137-8110-9137-2619-1740 2013/14

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Summary of Changes in estimates and Forecasts from Last Month (Continued)

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks

Production Imports Exports Use Loss Total Dom.

Cons.

Ending

Stocks

12-6210-7217-31135-137-84 2014/15

90-6710-77-73-46-161213 2015/16

120-220-22-148-43-979030 2016/17

-85306-52358323173251120-48 2017/18

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Table 01 Cotton World Supply, Use, and Trade (Season Beginning August 1)

(1000 MT)

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

Production none

6,750 India 6,423 5,639 5,879 6,205 6,205

7,131 China 6,532 4,790 4,953 5,987 5,879

2,811 United States 3,553 2,806 3,738 4,555 4,246

1,733 Brazil 1,563 1,289 1,528 1,894 1,916

2,068 Pakistan 2,308 1,524 1,676 1,785 1,916

501 Turkey 697 577 697 871 936

893 Australia 501 621 882 1,045 871

4,326 Other 4,387 3,697 3,869 4,313 4,417

26,211 Total 25,964 20,942 23,222 26,657 26,386

USE Dom. Consumption none

7,512 China 7,403 7,620 8,165 8,709 9,036

5,062 India 5,334 5,389 5,225 5,269 5,487

2,264 Pakistan 2,308 2,243 2,243 2,264 2,286

1,154 Bangladesh 1,263 1,372 1,459 1,589 1,698

1,372 Turkey 1,393 1,459 1,415 1,568 1,611

697 Vietnam 893 958 1,176 1,437 1,611

664 Indonesia 708 653 718 740 762

5,215 Other 5,038 4,738 4,586 4,712 4,820

23,939 Total 24,340 24,432 24,987 26,289 27,311

Imports none

1,154 Bangladesh 1,252 1,393 1,459 1,611 1,720

697 Vietnam 931 980 1,197 1,481 1,676

3,075 China 1,804 959 1,096 1,110 1,524

924 Turkey 800 918 801 860 784

651 Indonesia 728 640 738 740 762

261 Pakistan 207 718 523 631 457

147 India 267 233 596 370 327

2,062 Other 1,864 1,859 1,768 1,737 1,703

8,971 Total 7,852 7,702 8,177 8,541 8,954

Exports none

2,293 United States 2,449 1,993 3,248 3,375 3,375

486 Brazil 851 939 607 914 1,045

1,056 Australia 523 616 811 849 980

2,016 India 914 1,255 991 980 925

196 Mali 185 218 239 239 272

278 Burkina 239 283 229 229 272

280 Greece 254 209 223 239 250

2,287 Other 2,310 2,086 1,791 1,749 1,833

8,892 Total 7,727 7,599 8,139 8,575 8,952

Ending Stocks none

13,653 China 14,570 12,671 10,542 8,920 7,276

2,495 India 2,936 2,165 2,423 2,750 2,870

1,572 Brazil 1,548 1,243 1,509 1,759 1,895

512 United States 795 827 599 1,023 1,132

539 Pakistan 629 569 493 605 632

393 Australia 396 409 477 666 549

295 Turkey 347 334 344 431 463

2,967 Other 2,895 2,465 2,537 3,051 3,415

22,426 Total 24,117 20,684 18,924 19,205 18,234

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Table 02 Cotton World Supply, Use, and Trade (Season Beginning August 1)

(1000 Bales)

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

Production none

4,100 Australia 2,300 2,850 4,050 4,800 4,000

7,960 Brazil 7,180 5,920 7,020 8,700 8,800

32,750 China 30,000 22,000 22,750 27,500 27,000

31,000 India 29,500 25,900 27,000 28,500 28,500

9,500 Pakistan 10,600 7,000 7,700 8,200 8,800

2,300 Turkey 3,200 2,650 3,200 4,000 4,300

12,909 United States 16,319 12,888 17,170 20,923 19,500

19,867 Other 20,150 16,978 17,768 19,811 20,289

120,386 Total 119,249 96,186 106,658 122,434 121,189

USE Dom. Consumption none

5,300 Bangladesh 5,800 6,300 6,700 7,300 7,800

4,200 Brazil 3,400 3,100 3,200 3,400 3,450

34,500 China 34,000 35,000 37,500 40,000 41,500

23,250 India 24,500 24,750 24,000 24,200 25,200

3,050 Indonesia 3,250 3,000 3,300 3,400 3,500

10,400 Pakistan 10,600 10,300 10,300 10,400 10,500

6,300 Turkey 6,400 6,700 6,500 7,200 7,400

3,550 United States 3,575 3,450 3,250 3,350 3,400

1,600 Uzbekistan 1,750 1,800 2,050 2,400 2,700

3,200 Vietnam 4,100 4,400 5,400 6,600 7,400

14,601 Other 14,416 13,412 12,562 12,493 12,589

109,951 Total 111,791 112,212 114,762 120,743 125,439

Imports none

5,300 Bangladesh 5,750 6,400 6,700 7,400 7,900

14,122 China 8,284 4,406 5,032 5,100 7,000

675 India 1,226 1,072 2,736 1,700 1,500

2,989 Indonesia 3,345 2,941 3,391 3,400 3,500

1,286 Korea, South 1,321 1,175 1,025 1,025 1,025

1,040 Mexico 830 975 1,000 1,000 900

1,200 Pakistan 950 3,300 2,400 2,900 2,100

1,546 Thailand 1,475 1,275 1,226 1,050 1,075

4,246 Turkey 3,675 4,218 3,679 3,950 3,600

3,200 Vietnam 4,275 4,500 5,500 6,800 7,700

5,600 Other 4,934 5,112 4,869 4,902 4,823

41,204 Total 36,065 35,374 37,558 39,227 41,123

Exports none

4,852 Australia 2,404 2,828 3,727 3,900 4,500

475 Benin 575 725 675 750 800

2,230 Brazil 3,910 4,314 2,789 4,200 4,800

1,275 Burkina 1,100 1,300 1,050 1,050 1,250

1,285 Greece 1,168 959 1,022 1,100 1,150

9,261 India 4,199 5,764 4,550 4,500 4,250

900 Mali 850 1,000 1,100 1,100 1,250

1,625 Turkmenistan 1,500 1,250 850 700 625

10,530 United States 11,246 9,153 14,917 15,500 15,500

2,300 Uzbekistan 2,600 2,200 1,500 1,300 1,000

6,106 Other 5,936 5,408 5,201 5,283 5,993

40,839 Total 35,488 34,901 37,381 39,383 41,118

Ending Stocks none

1,807 Australia 1,818 1,880 2,193 3,058 2,523

7,218 Brazil 7,112 5,709 6,929 8,079 8,704

62,707 China 66,920 58,198 48,419 40,969 33,419

11,459 India 13,486 9,944 11,130 12,630 13,180

2,475 Pakistan 2,890 2,615 2,265 2,780 2,905

1,357 Turkey 1,596 1,533 1,578 1,978 2,128

2,350 United States 3,650 3,800 2,750 4,700 5,200

13,628 Other 13,296 11,322 11,654 14,011 15,686

103,001 Total 110,768 95,001 86,918 88,205 83,745

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Table 04 Cotton Area, Yield, and Production

From last month From last year

MBalesPercent

Yield

(Kilograms per hectare)

May 2016/17 MBales

Country / Region

Area

(Million hectares)

Production

(Million 480 lb. bales)

Change in Production

2016/17

Prel.

2017/18

Prel.

2017/18 May

Prel.

2017/18 May Percent

2018/19 Proj.2018/19 Proj. 2018/19 Proj.

2016/17

29.72World -1.02-1.25121.1933.23 33.00 781 802 800 106.66 122.43

3.85United States -6.80-1.4219.504.49 4.50 972 1,014 943 17.17 20.92

25.87Total Foreign 0.180.18101.6928.74 28.50 753 769 777 89.49 101.51

none

Western Hemisphere

0.94 Brazil 1.150.108.801.18 1.20 1,626 1,605 1,597 7.02 8.70

0.10 Mexico 2.830.041.600.21 0.22 1,602 1,621 1,583 0.77 1.56

0.24 Argentina 0.610.010.830.35 0.30 680 510 599 0.75 0.82

0.01 Paraguay 0.000.000.020.01 0.01 416 416 416 0.02 0.02

0.01 Peru 1.270.000.080.02 0.02 893 1,012 1,025 0.04 0.08

0.02 Colombia 0.000.000.040.01 0.01 551 968 968 0.04 0.04

Africa

0.70 Burkina 7.690.101.400.85 0.75 407 333 406 1.31 1.30

0.66 Mali 1.480.021.370.73 0.74 412 403 403 1.24 1.35

0.35 Cote d'Ivoire -7.14-0.050.650.36 0.35 394 421 404 0.63 0.70

0.23 Cameroon 0.000.000.500.23 0.23 455 484 484 0.47 0.50

0.42 Benin -2.86-0.030.850.45 0.44 433 423 421 0.83 0.88

0.32 Chad 0.000.000.120.12 0.12 242 218 218 0.35 0.12

0.14 Togo 0.000.000.240.16 0.16 323 327 327 0.20 0.24

0.02 Senegal 21.210.010.040.02 0.03 305 359 348 0.03 0.03

0.06 Egypt 40.000.120.420.09 0.13 673 718 732 0.17 0.30

0.21 Zimbabwe 2.220.010.230.20 0.23 146 245 218 0.14 0.23

0.28 Nigeria 0.000.000.240.27 0.27 182 190 190 0.23 0.24

Asia Oceania

2.90 China -1.82-0.5027.003.40 3.35 1,708 1,761 1,755 22.75 27.50

10.85 India 0.000.0028.5012.30 11.80 542 504 526 27.00 28.50

2.40 Pakistan 7.320.608.802.60 2.80 699 687 684 7.70 8.20

0.12 Kazakhstan 12.070.040.330.13 0.14 568 505 524 0.30 0.29

0.17 Tajikistan -3.64-0.020.530.18 0.19 567 684 607 0.43 0.55

0.55 Turkmenistan 2.940.041.400.55 0.55 529 543 559 1.33 1.36

1.18 Uzbekistan -2.60-0.103.751.20 1.20 687 699 680 3.73 3.85

0.40 Turkey 7.500.304.300.47 0.52 1,742 1,853 1,800 3.20 4.00

0.58 Australia -16.67-0.804.000.53 0.45 1,520 1,972 1,935 4.05 4.80

0.04 Syria -18.75-0.030.130.03 0.03 1,089 1,161 1,132 0.20 0.16

0.24 Burma -3.45-0.030.700.25 0.24 634 634 635 0.71 0.73

Europe

0.21 Greece 0.810.011.250.23 0.24 1,071 1,174 1,134 1.03 1.24

1.57Others 10.520.343.581.63 1.81 393 433 431 2.84 3.24

Note: Yeild for Total Foreign and Others is an incorrect calculation.

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 HA and 1000 480-lb. Bales)

Table 05 Cotton Supply and Distribution MY 2018/19

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 35030826536 Afghanistan 17

0 001211 Albania 1

15 00152000 Algeria 5

10 00152252 Angola 7

15 17506251,422825300 Argentina 622

0 000000 Armenia 0

0 4,5000357,0584,000450 Australia 2,523

10 00101200 Austria 2

0 2100120562415155 Azerbaijan 232

40 00404800 Bahrain 8

7,900 0107,8009,91513544 Bangladesh 2,105

50 00506000 Belarus 10

40 200204800 Belgium-Luxembour 8

0 8000151,393850440 Benin 578

2 00101784 Bolivia 7

75 4,80003,45016,9548,8001,200 Brazil 8,704

34 004452102 Bulgaria 8

0 1,2500252,1001,400750 Burkina 825

75 50775999700240 Burma 219

1 001200 Cambodia 1

0 425020639500225 Cameroon 194

2 002200 Canada 0

0 3200443232 Central African Republic 12

0 125010271120120 Chad 136

0 000000 Chile 0

7,000 50041,50074,96927,0003,350 China 33,419

165 55190241409 Colombia 41

2 0017211530 Congo (Kinshasa) 4

45 00455911 Costa Rica 14

0 600025847650350 Cote d'Ivoire 222

0 000000 Croatia 0

10 00141644 Cuba 2

0 000000 Cyprus 0

10 00101200 Czech Republic 2

0 000000 Denmark 0

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 HA and 1000 480-lb. Bales)

Table 05 Cotton Supply and Distribution MY 2018/19 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

1 004534 Dominican Republic 1

70 00759793 Ecuador 22

420 225106101,029420125 Egypt 184

170 0016522211 El Salvador 57

10 00101200 Estonia 2

60 0024032817565 Ethiopia 88

55 50506400 France 9

130 25010515400 Germany 24

0 15010362816 Ghana 11

25 1,1500901,4701,250240 Greece 230

110 0011013832 Guatemala 28

0 1400171412 Guinea 3

5 00101157 Haiti 1

20 00242942 Honduras 5

0 000000 Hong Kong 0

3 300300 Hungary 0

1,500 4,250025,20042,63028,50011,800 India 13,180

3,500 503,5004,12033 Indonesia 615

300 0057572027585 Iran 145

35 0050731510 Iraq 23

0 000000 Ireland 0

2 550477557 Israel 18

190 5018521800 Italy 28

255 0025529200 Japan 37

0 1900100458325135 Kazakhstan 168

15 0040582530 Kenya 18

95 001502055519 Korea, North 55

1,025 501,0251,23900 Korea, South 209

0 900010510025 Kyrgyzstan 15

7 106900 Latvia 2

5 005600 Lebanon 1

85 008511000 Lesotho 25

0 000000 Lithuania 0

5 005600 Macedonia 1

0 10050716030 Madagascar 11

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 HA and 1000 480-lb. Bales)

Table 05 Cotton Supply and Distribution MY 2018/19 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 30051349070 Malawi 99

560 200029079800 Malaysia 308

0 1,2500252,0961,370740 Mali 821

115 0011513600 Mauritius 21

900 550251,8503,3011,600220 Mexico 876

45 00455700 Moldova 12

45 00456111 Morocco 16

0 10505180110120 Mozambique 70

0 000000 Netherlands 0

0 90112104 Nicaragua 2

0 6031495 Niger 5

10 300200299235270 Nigeria 69

2,100 2502510,50013,6808,8002,800 Pakistan 2,905

0 000000 Panama 0

5 16010352111 Paraguay 9

210 502753848017 Peru 104

65 00658121 Philippines 16

13 00131600 Poland 3

155 0015519300 Portugal 38

1 001200 Romania 1

210 0021025100 Russia 41

0 3502434025 Senegal 6

8 0081000 Serbia 2

30 20003400 Singapore 14

0 000000 Slovakia 0

6 006800 Slovenia 2

3 001011712 Somalia 1

40 80012536318038 South Africa 158

15 27503036029565 Spain 55

8 00131755 Sri Lanka 4

0 375075639500120 Sudan 189

0 000000 Sweden 0

4 004500 Switzerland 1

0 7505517913025 Syria 49

550 0055068000 Taiwan 130

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 HA and 1000 480-lb. Bales)

Table 05 Cotton Supply and Distribution MY 2018/19 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 450065925530190 Tajikistan 410

0 1000175650400500 Tanzania 375

1,075 0251,0501,25321 Thailand 178

0 210015332240160 Togo 107

20 003035102 Tunisia 5

3,600 35007,4009,8784,300520 Turkey 2,128

0 62506752,0641,400545 Turkmenistan 764

0 9001520512575 Uganda 100

9 0091200 Ukraine 3

2 002300 United Kingdom 1

5 15,5001053,40024,20519,5004,504 United States 5,200

0 000000 Uruguay 0

0 1,00002,7005,1733,7501,200 Uzbekistan 1,473

15 001001238515 Venezuela 23

7,700 007,4008,78831 Vietnam 1,388

0 2025332818 Yemen 6

0 22505474200125 Zambia 244

0 1751030384230230 Zimbabwe 169

World

41,123 41,118215125,439250,517121,18933,001 World 83,745

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1000 MT and 1000 HA)

Table 05A Cotton Supply and Distribution MY 2018/2019

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 80718148 Afghanistan 4

0 000000 Albania 0

3 003400 Algeria 1

2 003510 Angola 2

3 38013631018065 Argentina 135

0 000000 Armenia 0

0 980081,53787198 Australia 549

2 002300 Austria 0

0 460261229034 Azerbaijan 51

9 0091000 Bahrain 2

1,720 021,6982,1592910 Bangladesh 458

11 00111300 Belarus 2

9 4041000 Belgium-Luxembour 2

0 1740330318596 Benin 126

0 002421 Bolivia 2

16 1,04507513,6911,916261 Brazil 1,895

7 00101120 Bulgaria 2

0 27205457305163 Burkina 180

16 1016921815252 Burma 48

0 000000 Cambodia 0

0 930413910949 Cameroon 42

0 000000 Canada 0

0 7001077 Central African Republic 3

0 2702592626 Chad 30

0 000000 Chile 0

1,524 1109,03616,3235,879729 China 7,276

36 11415292 Colombia 9

0 004537 Congo (Kinshasa) 1

10 00101300 Costa Rica 3

0 1310518414276 Cote d'Ivoire 48

0 000000 Croatia 0

2 003311 Cuba 0

0 000000 Cyprus 0

2 002300 Czech Republic 0

0 000000 Denmark 0

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1000 MT and 1000 HA)

Table 05A Cotton Supply and Distribution MY 2018/2019 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 001111 Dominican Republic 0

15 00162121 Ecuador 5

91 4921332249127 Egypt 40

37 00364800 El Salvador 12

2 002300 Estonia 0

13 0052713814 Ethiopia 19

12 10111400 France 2

28 50233400 Germany 5

0 302863 Ghana 2

5 25002032027252 Greece 50

24 00243010 Guatemala 6

0 300433 Guinea 1

1 002212 Haiti 0

4 005610 Honduras 1

0 000000 Hong Kong 0

1 100100 Hungary 0

327 92505,4879,2826,2052,569 India 2,870

762 1076289711 Indonesia 134

65 001251576019 Iran 32

8 00111632 Iraq 5

0 000000 Ireland 0

0 120117122 Israel 4

41 10404700 Italy 6

56 00566400 Japan 8

0 410221007129 Kazakhstan 37

3 0091357 Kenya 4

21 003345124 Korea, North 12

223 1022327000 Korea, South 46

0 200023225 Kyrgyzstan 3

2 001200 Latvia 0

1 001100 Lebanon 0

19 00192400 Lesotho 5

0 000000 Lithuania 0

1 001100 Macedonia 0

0 201115137 Madagascar 2

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1000 MT and 1000 HA)

Table 05A Cotton Supply and Distribution MY 2018/2019 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 701292015 Malawi 22

122 4406317400 Malaysia 67

0 27205456298161 Mali 179

25 00253000 Mauritius 5

196 120540371934848 Mexico 191

10 00101200 Moldova 3

10 00101300 Morocco 3

0 2301392426 Mozambique 15

0 000000 Netherlands 0

0 200321 Nicaragua 0

0 101321 Niger 1

2 7044655159 Nigeria 15

457 5452,2862,9781,916610 Pakistan 632

0 000000 Panama 0

1 302852 Paraguay 2

46 106084174 Peru 23

14 00141800 Philippines 3

3 003300 Poland 1

34 00344200 Portugal 8

0 000000 Romania 0

46 00465500 Russia 9

0 800995 Senegal 1

2 002200 Serbia 0

7 400700 Singapore 3

0 000000 Slovakia 0

1 001200 Slovenia 0

1 002223 Somalia 0

9 1702779398 South Africa 34

3 6007786414 Spain 12

2 003411 Sri Lanka 1

0 8201613910926 Sudan 41

0 000000 Sweden 0

1 001100 Switzerland 0

0 1601239285 Syria 11

120 0012014800 Taiwan 28

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1000 MT and 1000 HA)

Table 05A Cotton Supply and Distribution MY 2018/2019 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 9801420111541 Tajikistan 89

0 2203814287109 Tanzania 82

234 0522927300 Thailand 39

0 4603725235 Togo 23

4 007820 Tunisia 1

784 7601,6112,151936113 Turkey 463

0 1360147449305119 Turkmenistan 166

0 2003452716 Uganda 22

2 002300 Ukraine 1

0 000100 United Kingdom 0

1 3,375237405,2704,246981 United States 1,132

0 000000 Uruguay 0

0 21805881,126816261 Uzbekistan 321

3 002227193 Venezuela 5

1,676 001,6111,91310 Vietnam 302

0 005764 Yemen 1

0 49011034427 Zambia 53

0 3827845050 Zimbabwe 37

World

8,954 8,9524727,31154,54426,3867,185 World 18,234

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 HA and 1000 480-lb. Bales)

Table 06: Cotton Supply and Distribution by Country 2017/2018

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 35035877038 Afghanistan 17

0 001211 Albania 1

15 00152000 Algeria 5

10 00152252 Angola 7

15 10006251,307820350 Argentina 582

0 000000 Armenia 0

0 3,9000356,9934,800530 Australia 3,058

10 00101200 Austria 2

0 1100110367340130 Azerbaijan 147

40 00404800 Bahrain 8

7,400 0107,3009,19013544 Bangladesh 1,880

50 00506000 Belarus 10

40 200204800 Belgium-Luxembour 8

0 7500151,308875450 Benin 543

3 10101884 Bolivia 7

50 4,20003,40015,6798,7001,180 Brazil 8,079

32 004250102 Bulgaria 8

0 1,0500251,7751,300850 Burkina 700

75 507751,004725249 Burma 224

1 001200 Cambodia 1

0 400020559500225 Cameroon 139

2 002200 Canada 0

0 3000423232 Central African Republic 12

0 250010411120120 Chad 151

0 000000 Chile 0

5,100 50040,00081,01927,5003,400 China 40,969

165 55190236409 Colombia 36

2 0017211530 Congo (Kinshasa) 4

45 00455811 Costa Rica 13

0 575020792700362 Cote d'Ivoire 197

0 000000 Croatia 0

10 00141644 Cuba 2

0 000000 Cyprus 0

11 00111300 Czech Republic 2

0 000000 Denmark 0

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 HA and 1000 480-lb. Bales)

Table 06: Cotton Supply and Distribution by Country 2017/2018 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

1 004534 Dominican Republic 1

65 00759393 Ecuador 18

500 1751058095430091 Egypt 189

175 0016521611 El Salvador 51

10 00101200 Estonia 2

50 0023032317560 Ethiopia 93

55 50506400 France 9

140 25011516400 Germany 24

0 15010332816 Ghana 8

25 1,1000901,3851,240230 Greece 195

110 0011013532 Guatemala 25

0 1400171412 Guinea 3

5 00101157 Haiti 1

20 00242942 Honduras 5

0 100100 Hong Kong 0

3 300300 Hungary 0

1,700 4,500024,20041,33028,50012,300 India 12,630

3,400 503,4004,02233 Indonesia 617

325 0057572025085 Iran 145

35 0050731510 Iraq 23

0 000000 Ireland 0

2 550479567 Israel 20

190 5018021300 Italy 28

255 0025529200 Japan 37

0 140090363290125 Kazakhstan 133

20 0040582429 Kenya 18

95 001502055519 Korea, North 55

1,025 501,0251,24400 Korea, South 214

0 8000858020 Kyrgyzstan 5

6 105800 Latvia 2

5 005600 Lebanon 1

80 007510000 Lesotho 25

0 000000 Lithuania 0

5 005600 Macedonia 1

0 10050716030 Madagascar 11

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 HA and 1000 480-lb. Bales)

Table 06: Cotton Supply and Distribution by Country 2017/2018 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 60051095560 Malawi 44

550 190027069800 Malaysia 238

0 1,1000251,8511,350730 Mali 726

115 0011513600 Mauritius 21

1,000 325251,8503,0011,556209 Mexico 801

45 00455700 Moldova 12

45 00456011 Morocco 15

0 10505180105130 Mozambique 70

0 000000 Netherlands 0

0 90112104 Nicaragua 2

0 5031395 Niger 5

10 450215314235270 Nigeria 54

2,900 1602510,40013,3658,2002,600 Pakistan 2,780

0 000000 Panama 0

4 15010342111 Paraguay 9

200 502753747917 Peru 94

65 00657921 Philippines 14

13 00131600 Poland 3

160 1015519400 Portugal 38

2 002300 Romania 1

210 0021025100 Russia 41

0 3002353320 Senegal 3

8 0081000 Serbia 2

20 20002400 Singapore 4

0 000000 Slovakia 0

6 006800 Slovenia 2

3 001011712 Somalia 1

65 40011529818038 South Africa 143

15 245103033529463 Spain 50

8 00131755 Sri Lanka 4

0 350070559475120 Sudan 139

0 000000 Sweden 0

4 004500 Switzerland 1

0 10006521416030 Syria 49

550 0057070000 Taiwan 130

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 HA and 1000 480-lb. Bales)

Table 06: Cotton Supply and Distribution by Country 2017/2018 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 500055950550175 Tajikistan 395

0 900175515230350 Tanzania 250

1,050 1251,0501,25221 Thailand 176

0 190015297240160 Togo 92

20 003035102 Tunisia 5

3,950 35007,2009,5284,000470 Turkey 1,978

0 70006502,0141,360545 Turkmenistan 664

0 10001019012575 Uganda 80

9 0091200 Ukraine 3

2 002300 United Kingdom 1

5 15,5001283,35023,67820,9234,492 United States 4,700

0 000000 Uruguay 0

0 1,30002,4005,1233,8501,200 Uzbekistan 1,423

15 001001238515 Venezuela 23

6,800 006,6007,68531 Vietnam 1,085

0 2025322818 Yemen 5

0 10005379210130 Zambia 274

0 1251030319225200 Zimbabwe 154

World

39,227 39,383248120,743248,579122,43433,229 World 88,205

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2017/2018

Area

Harvested

Ending

Stocks

ExportsLossUseImportsProductio

n

Beginning

Stocks

Country

15 808048 Afghanistan 4

0 000000 Albania 0

0 003310 Algeria 1

1 003220 Angola 2

179 220136310376 Argentina 127

0 000000 Armenia 0

1,045 849080477115 Australia 666

0 002200 Austria 0

74 240240628 Azerbaijan 32

0 009920 Bahrain 2

29 021,5891,61136010 Bangladesh 409

0 00111120 Belarus 2

0 404920 Belgium-Luxembour 2

191 1630309498 Benin 118

2 002121 Bolivia 2

1,894 9140740111,509257 Brazil 1,759

2 009720 Bulgaria 2

283 229050103185 Burkina 152

158 10169164454 Burma 49

0 000000 Cambodia 0

109 870401349 Cameroon 30

0 000000 Canada 0

7 700027 Central African Republic 3

26 540206326 Chad 33

0 000000 Chile 0

5,987 1108,7091,11010,542740 China 8,920

9 11413672 Colombia 8

3 004017 Congo (Kinshasa) 1

0 00101030 Costa Rica 3

152 1250402079 Cote d'Ivoire 43

0 000000 Croatia 0

1 003201 Cuba 0

0 000000 Cyprus 0

0 002200 Czech Republic 0

0 000000 Denmark 0

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2017/2018 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseImportsProductio

n

Beginning

Stocks

Country

1 001001 Dominican Republic 0

2 00161441 Ecuador 4

65 3821261093420 Egypt 41

0 00363890 El Salvador 11

0 002200 Estonia 0

38 0050112113 Ethiopia 20

0 10111220 France 2

0 50253050 Germany 5

6 302013 Ghana 2

270 23902052650 Greece 42

1 00242450 Guatemala 5

3 300013 Guinea 1

1 002102 Haiti 0

1 005410 Honduras 1

0 000000 Hong Kong 0

0 100100 Hungary 0

6,205 98005,2693702,4232,678 India 2,750

1 107407401351 Indonesia 134

54 00125713219 Iran 32

3 0011852 Iraq 5

0 000000 Ireland 0

12 1201052 Israel 4

0 10394150 Italy 6

0 00565680 Japan 8

63 3002001627 Kazakhstan 29

5 009436 Kenya 4

12 003321124 Korea, North 12

0 10223223480 Korea, South 47

17 1700014 Kyrgyzstan 1

0 001100 Latvia 0

0 001100 Lebanon 0

0 00161740 Lesotho 5

0 000000 Lithuania 0

0 001100 Macedonia 0

13 2011027 Madagascar 2

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2017/2018 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseImportsProductio

n

Beginning

Stocks

Country

12 130101213 Malawi 10

0 41059120320 Malaysia 52

294 239050109159 Mali 158

0 00252550 Mauritius 5

339 7154032189746 Mexico 174

0 00101030 Moldova 3

0 00101030 Morocco 3

23 230101628 Mozambique 15

0 000000 Netherlands 0

2 200001 Nicaragua 0

2 101011 Niger 1

51 1004721559 Nigeria 12

1,785 3552,264631493566 Pakistan 605

0 000000 Panama 0

5 302122 Paraguay 2

17 106044214 Peru 20

0 00141430 Philippines 3

0 003310 Poland 1

0 00343570 Portugal 8

0 000000 Romania 0

0 00464690 Russia 9

7 700004 Senegal 1

0 400410 Singapore 1

0 000000 Slovakia 0

0 001100 Slovenia 0

2 002103 Somalia 0

39 902514128 South Africa 31

64 53273614 Spain 11

1 003211 Sri Lanka 1

103 7601501826 Sudan 30

0 000000 Sweden 0

0 001100 Switzerland 0

35 220140127 Syria 11

0 00124120330 Taiwan 28

120 10901208738 Tajikistan 86

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2017/2018 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseImportsProductio

n

Beginning

Stocks

Country

50 2003806276 Tanzania 54

0 05229229440 Thailand 38

52 410301235 Togo 20

2 007410 Tunisia 1

871 7601,568860344102 Turkey 431

296 15201420142119 Turkmenistan 145

27 220201416 Uganda 17

0 002210 Ukraine 1

0 000000 United Kingdom 0

4,555 3,375287291599978 United States 1,023

0 000000 Uruguay 0

838 28305230277261 Uzbekistan 310

19 0022353 Venezuela 5

1 001,4371,4811920 Vietnam 236

6 005014 Yemen 1

46 220103728 Zambia 60

49 272702044 Zimbabwe 34

World

26,657 8,5755426,2898,54118,9247,235 World 19,205

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Table 09: World Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Beginning

Stocks

Area

Harvested

Production Imports Total

Supply

Exports Use Loss Total Dom.

Cons.

Ending

Stocks

Stock to

Use %

World

3932,61484,68053484,14630,103147,39730,52981,44630,86935,422 1987/88

3631,05785,88064285,23833,481150,41833,58284,22233,83132,614 1988/89

2924,98487,13923486,90531,357143,48032,70379,72031,69631,057 1989/90

3227,47385,69417085,52429,560142,72730,57887,16533,15324,984 1990/91

4336,97186,55636886,18828,204151,73129,02495,23434,75827,473 1991/92

4034,51086,4006386,33725,435146,34527,06782,30732,64336,971 1992/93

3327,83385,70314385,56026,620140,15627,96777,67930,71834,510 1993/94

3832,02084,292-33084,62228,118144,43030,30086,29732,25027,833 1994/95

4740,13585,396-54485,94027,396152,92727,00493,90335,92032,020 1995/96

5144,63987,351-58587,93626,777158,76728,57990,05333,74040,135 1996/97

5749,47386,686-58187,26726,777162,93625,92992,36833,79744,639 1997/98

6252,85883,651-1,11484,76523,517160,02624,48086,07332,88549,473 1998/99

5651,14890,500-60291,10227,126168,77427,99387,92332,35052,858 1999/00

5449,56890,744-1,42492,16826,156166,46826,20989,11132,01251,148 2000/01

5854,68093,611-78194,39229,081177,37229,29798,50733,71949,568 2001/02

4947,92697,568-80498,37230,400175,89430,18891,02630,77954,680 2002/03

5048,51997,099-90998,00833,152178,77034,15096,69432,26347,926 2003/04

5661,177107,935-1,245109,18034,949204,06133,965121,57735,76748,519 2004/05

5362,158115,158-1,793116,95144,922222,23844,668116,39334,50861,177 2005/06

5163,537122,523-1,715124,23837,416223,47638,305123,01334,71462,158 2006/07

5162,926121,773-2,094123,86738,868223,56739,453120,57732,88763,537 2007/08

5762,949108,740-1,536110,27630,207201,89630,573108,39730,63162,926 2008/09

4047,975119,512-12119,52435,804203,29136,928103,41430,19762,949 2009/10

4451,359115,641119115,52234,900201,90036,297117,62833,72647,975 2010/11

7274,530103,951-210104,16145,874224,35545,423127,57336,06651,359 2011/12

8591,993107,645-643108,28846,443246,08147,630123,92134,32674,530 2012/13

94103,001109,743-208109,95140,839253,58341,204120,38632,61791,993 2013/14

99110,768112,059268111,79135,488258,31536,065119,24933,924103,001 2014/15

8595,001112,426214112,21234,901242,32835,37496,18630,661110,768 2015/16

7686,918114,918156114,76237,381239,21737,558106,65829,71895,001 2016/17

7388,205120,991248120,74339,383248,57939,227122,43433,22986,918 2017/18

6783,745125,654215125,43941,118250,51741,123121,18933,00188,205 2018/19

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Table 10: United States Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Area

Harvested

Yield Beginning

Stocks

Production Imports Total

Supply

Exports Use Loss Ending

Stocks

Stock to

Use %

United States

415,771-1827,6176,58219,788214,7605,0267924,059 1987/88

517,0921657,7826,14821,187515,4115,7716944,835 1988/89

183,000-1638,7597,69419,290212,1967,0926883,860 1989/90

142,344-2858,6577,79318,509415,5053,0007114,748 1990/91

233,70489,6136,64619,9711317,6142,3447315,245 1991/92

304,662-19010,2505,20119,923116,2183,7047854,501 1992/93

203,530-810,4186,86220,802616,1344,6626795,173 1993/94

132,650-3811,1989,40223,2122019,6623,5307945,391 1994/95

142,6092710,6477,67520,95840817,9002,6506026,478 1995/96

223,971-811,1266,86521,95440318,9422,6097915,216 1996/97

213,8874111,3497,50022,7771318,7933,9717545,425 1997/98

273,939-39410,4014,29818,24443913,9183,8877014,324 1998/99

233,91514510,1946,75021,0049716,9683,9396805,433 1999/00

386,000-4838,8626,74021,1191617,1883,9157085,282 2000/01

407,4481807,69611,00026,3242120,3036,0007905,596 2001/02

285,3851667,27311,90024,7246717,2097,4487465,025 2002/03

173,4502116,26613,75823,6854518,2555,3858184,858 2003/04

265,4951086,69114,43626,7302923,2513,4509585,284 2004/05

266,069-2005,87117,67329,4132823,8905,4959315,586 2005/06

539,4793034,93512,95927,6761921,5886,0699125,152 2006/07

5510,0514294,58413,63428,6981219,2079,4799854,245 2007/08

386,337-2633,54113,26122,876012,82510,0519123,063 2008/09

192,947-143,55012,03718,520012,1836,3378703,049 2009/10

142,6001823,90014,37621,058918,1022,9479104,330 2010/11

223,350-1723,30011,71418,1921915,5732,6008863,829 2011/12

233,8003483,50013,02620,6741017,3143,3509993,772 2012/13

172,3502923,55010,53016,7221312,9093,8009213,053 2013/14

253,6502103,57511,24618,6811216,3192,3509393,783 2014/15

303,8001683,4509,15316,5713312,8883,6508593,268 2015/16

152,750603,25014,91720,977717,1703,8009723,848 2016/17

254,7001283,35015,50023,678520,9232,7501,0144,492 2017/18

285,2001053,40015,50024,205519,5004,7009434,504 2018/19

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Table 11: Foreign Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Area

Harvested

Yield Beginning

Stocks

Production Imports Total

Supply

Exports Use Loss Ending

Stocks

Total Foreign

26,84371676,52923,521127,60930,52766,68630,39654226,810 1987/88

23,96547777,45627,333129,23133,57768,81126,84351728,996 1988/89

21,98439778,14623,663124,19032,70167,52423,96552827,836 1989/90

25,12945576,86721,767124,21830,57471,66021,98454928,405 1990/91

33,26736076,57521,558131,76029,01177,62025,12957329,513 1991/92

29,84825376,08720,234126,42227,06666,08933,26751128,142 1992/93

24,30315175,14219,758119,35427,96161,54529,84852525,545 1993/94

29,370-29273,42418,716121,21830,28066,63524,30354026,859 1994/95

37,526-57175,29319,721131,96926,59676,00329,37056229,442 1995/96

40,668-57776,81019,912136,81328,17671,11137,52654328,524 1996/97

45,586-62275,91819,277140,15925,91673,57540,66856528,372 1997/98

48,919-72074,36419,219141,78224,04172,15545,58655028,561 1998/99

47,233-74780,90820,376147,77027,89670,95548,91957426,917 1999/00

43,568-94183,30619,416145,34926,19371,92347,23358626,730 2000/01

47,232-96186,69618,081151,04829,27678,20443,56860528,123 2001/02

42,541-97091,09918,500151,17030,12173,81747,23262425,754 2002/03

45,069-1,12091,74219,394155,08534,10578,43942,54162327,405 2003/04

55,682-1,353102,48920,513177,33133,93698,32645,06970230,483 2004/05

56,089-1,593111,08027,249192,82544,64092,50355,68269628,922 2005/06

54,058-2,018119,30324,457195,80038,286101,42556,08974729,562 2006/07

52,875-2,523119,28325,234194,86939,441101,37054,05877128,642 2007/08

56,612-1,273106,73516,946179,02030,57395,57252,87575527,568 2008/09

45,0282115,97423,767184,77136,92891,23156,61273227,148 2009/10

48,759-63111,62220,524180,84236,28899,52645,02873729,396 2010/11

71,180-38100,86134,160206,16345,404112,00048,75975632,237 2011/12

88,193-991104,78833,417225,40747,620106,60771,18076030,554 2012/13

100,651-500106,40130,309236,86141,191107,47788,19379229,564 2013/14

107,11858108,21624,242239,63436,053102,930100,65174430,141 2014/15

91,20146108,76225,748225,75735,34183,298107,11866227,393 2015/16

84,16896111,51222,464218,24037,55189,48891,20175325,870 2016/17

83,505120117,39323,883224,90139,222101,51184,16876928,737 2017/18

78,545110122,03925,618226,31241,118101,68983,50577728,497 2018/19

Foreign Agricultural Service/USDA May 2018Office of Global Analysis