Cotton exports to touch 13.2 million bales in 2016-17: USDA

Cotton exports to touch 13.2 million bales in 2016-17 due to recent high shipments and sales to all major markets.  According to US Department of Agriculture (USDA), US cotton export outlook for 2016-17 is increased by 500,000 bales to 13.2 million bales for 2016-17. The report also projects US cotton exports to remain at 13.2 million bales in 2017-18.

Among other major exporters, India's cotton exports in 2016-17 are projected to go up by 100,000 bales to 4.5 million on increased overland demand from Bangladesh, substituting for lost Chittagong shipping. While exports from Brazil are likely to be reduced by 100,000 bales and declines to 2.7 million due to competitiveness with US cotton and declining available supplies. Also, exports from Uzbekistan are likely to fall by 100,000 bales to 1.7 million on continued weak shipments to major markets.

The USDA expects a 6.0 million bale decline in global ending stocks in 2017-18, all of which is expected to occur in China, as consumption continues to significantly exceed production while imports remain restricted, eliminating much of existing stockpiles.

 

 
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