Cotton Supply and Demand

Estimates from the World Agricultural Outlook Board of USDA.

Estimates from the World Agricultural Outlook Board of USDA

MY 2017-18

Million 480-Lb. Bales

Month Beginning Stocks Production Imports Mill Use Exports Ending Stocks S-U-R
Ratio

World

May

89.52

113.22

37.63

115.75

37.63

87.14

75.3%

June 89.34 114.73 36.85 116.51 36.84 87.71 75.3%

United States

May

3.20

19.20

0.01

3.40

14.00

5.00

28.7%

June 3.20 19.20 0.01 3.40 13.50 5.50 32.5%

Total Foreign

May

86.32

94.02

37.62

112.35

23.63

82.14

60.4%

June 86.14 95.53 36.84 113.11 23.34 82.21 60.2%

China

May

48.70

23.50

5.00

37.50

0.05

39.65

105.6%

June 48.40 24.00 5.00 38.00 0.05 39.35 103.4%
 

Historical Data

Million 480-Lb. Bales

Marketing
Year

Beginning Stocks Production Imports Mill Use Exports Ending Stocks S-U-R
Ratio

World

16/17 97.17 105.99 36.39 113.57 36.80 89.34 78.7%

15/16

111.74

96.79

35.19

111.22

35.30

97.17

87.4%

14/15

103.31

119.19

36.07

111.41

35.30

111.74

100.3%

13/14

91.66

120.41

41.23

109.92

40.87

102.86

93.6%

12/13

74.30

123.88

47.66

108.48

46.49

91.66

84.5%

11/12

51.17

127.42

45.46

104.25

45.87

74.30

71.3%

10/11

47.66

117.63

36.30

115.58

34.82

51.17

44.3%

09/10

62.58

103.36

36.91

119.59

35.66

47.66

39.8%

08/09

62.77

108.30

30.62

110.39

30.25

62.58

56.7%

07/08

63.31

120.58

39.46

123.78

38.89

62.77

50.7%

06/07

61.94

123.01

38.31

124.26

37.40

63.31

50.9%

05/06

61.00

116.33

44.69

116.96

44.92

61.94

53.0%

04/05

48.43

121.52

33.99

109.22

34.95

61.00

55.9%

03/04

47.88

96.69

34.18

98.08

33.15

48.43

49.4%

02/03

54.68

91.03

30.23

98.46

30.40

47.88

48.6%

01/02

49.57

98.51

29.32

94.42

29.08

54.68

57.9%

00/01

51.14

89.11

26.23

92.18

26.16

49.57

53.8%

99/00

52.85

87.92

27.98

91.09

27.13

51.14

56.1%

98/99

49.47

86.07

24.48

84.77

23.52

52.85

62.4%

97/98

44.63

92.37

25.93

87.27

26.78

49.47

56.7%

96/97

40.13

90.05

28.58

87.94

26.78

44.63

50.8%

95/96

32.01

93.90

27.00

85.94

27.40

40.13

46.7%

United States

16/17 3.80 17.17 0.01 3.30 14.50 3.20 18.0%

15/16

3.65

12.89

0.03

3.45

9.15

3.80

30.2%

14/15

2.35

16.32

0.01

3.58

11.25

3.65

24.6%

13/14

3.80

12.91

0.01

3.55

10.53

2.35

16.7%

12/13

3.35

17.31

0.01

3.50

13.03

3.80

23.0%

11/12

2.60

15.57

0.02

3.30

11.71

3.35

22.3%

10/11

2.95

18.10

0.01

3.90

14.38

2.60

14.2%

09/10

6.34

12.18

0.00

3.55

12.04

2.95

18.9%

08/09

10.05

12.83

0.00

3.54

13.26

6.34

37.7%

07/08

9.48

19.21

0.01

4.58

13.63

10.05

55.2%

06/07

6.07

21.59

0.02

4.94

12.96

9.48

53.0%

05/06

5.50

23.89

0.03

5.87

17.67

6.07

25.8%

04/05

3.45

23.25

0.03

6.69

14.44

5.50

26.0%

03/04

5.39

18.26

0.05

6.27

13.76

3.45

17.2%

02/03

7.45

17.21

0.07

7.27

11.90

5.39

28.1%

01/02

6.00

20.30

0.02

7.70

11.00

7.45

39.8%

00/01

3.92

17.19

0.02

8.86

6.74

6.00

38.5%

99/00

3.94

16.97

0.10

10.19

6.75

3.92

23.1%

98/99

3.89

13.92

0.44

10.40

4.30

3.94

26.8%

97/98

3.97

18.79

0.01

11.35

7.50

3.89

20.6%

96/97

2.61

18.94

0.40

11.13

6.87

3.97

22.1%

95/96

2.65

17.90

0.41

10.65

7.68

2.61

14.2%

Total Foreign

16/17 93.37 88.82 36.38 110.27 22.30 86.14 65.0%

15/16

108.09

83.90

35.16

107.77

26.14

93.37

69.7%

14/15

100.96

102.87

36.05

107.84

24.05

108.09

82.0%

13/14

87.86

107.50

41.22

106.37

30.34

100.51

73.5%

12/13

70.95

106.56

47.65

104.98

33.47

87.86

63.5%

11/12

48.57

111.85

45.44

100.95

34.15

70.95

52.5%

10/11

44.71

99.53

36.29

111.68

20.45

48.57

36.8%

09/10

56.24

91.18

36.91

116.04

23.63

44.71

32.0%

08/09

52.72

95.48

30.62

106.85

16.99

56.24

45.4%

07/08

53.83

101.37

39.45

119.20

25.26

52.72

36.5%

06/07

55.87

101.43

38.29

119.33

24.44

53.83

37.4%

05/06 55.51 92.44 44.67 111.09 27.25 55.87 40.4%
04/05 44.98 98.27 33.96 102.53 20.51 55.51 45.1%
03/04 42.50 78.44 34.13 91.82 19.39 44.98 40.4%
02/03 47.23 73.82 30.17 91.19 18.50 42.50 38.7%
01/02 43.57 78.20 29.30 86.72 18.08 47.23 45.1%
00/01 47.23 71.92 26.21 83.32 19.42 43.57 42.4%
99/00 48.91 70.96 27.88 80.89 20.38 47.23 46.6%
98/99 45.58 72.16 24.04 74.36 19.22 48.91 52.3%
97/98 40.66 73.58 25.92 75.92 19.28 45.58 47.9%
96/97 37.52 71.11 28.18 76.81 19.91 40.66 42.0%
95/96 29.36 76.00 26.60 75.29 19.72 37.52 39.5%

China

16/17 58.20 22.75 5.00 37.50 0.05 48.40 128.9%

15/16

66.92

22.00

4.41

35.00

0.13

58.20

165.7%

14/15

62.71

30.00

8.28

34.00

0.07

66.92

196.4%

13/14

50.36

32.75

14.12

34.50

0.03

62.71

181.6%

12/13

31.08

35.00

20.33

36.00

0.05

50.36

139.7%

11/12

10.60

34.00

24.53

38.00

0.06

31.08

81.7%

10/11

14.25

30.50

11.98

46.00

0.12

10.60

23.0%

09/10

21.37

32.00

10.90

50.00

0.02

14.25

28.5%

08/09

20.50

36.70

7.00

44.00

0.08

21.37

48.5%

07/08

20.54

37.00

11.53

51.00

0.06

20.50

40.2%

06/07

22.54

35.50

10.59

50.00

0.09

20.54

41.0%

05/06 18.39 28.40 19.28 45.00 0.04 22.54 50.0%
04/05 18.98 30.30 6.39 38.50 0.03 18.39 47.7%
03/04 17.47 23.80 8.83 32.00 0.17 18.98 59.0%
02/03 18.85 25.20 3.13 29.90 0.75 17.47 57.0%
01/02 19.74 24.40 0.45 26.25 0.34 18.85 70.9%
00/01 22.38 20.30 0.23 23.50 0.44 19.74 82.5%
99/00 26.93 17.60 0.12 21.30 1.69 22.38 97.3%
98/99 24.55 20.70 0.33 18.70 0.68 26.93 139.0%
97/98 20.20 21.10 1.73 19.15 0.03 24.55 128.0%
96/97 16.74 19.30 3.49 19.95 0.01 20.20 101.2%
95/96 10.78 21.90 2.91 19.40 0.02 16.74 86.2%