The Farmer's Weblog

Wednesday, March 12, 2003

U.S. Cotton Export Share of Total Demand Remains High
The latest United States Department of Agriculture (USDA) cotton forecast for 2002/03 projects U.S. cotton exports at 10.8 million bales, slightly below 2001/02 and the second highest since 1926/27. As U.S. mill use has fallen during the last several seasons, the export share of total U.S. demand has risen. In 2001/02, however, this share jumped significantly as surplus U.S. supplies?aided by a record cotton crop?provided the foundation for the largest exports in 75 years. In 2002/03, the export share is expected to remain near 60 percent, compared with the late-1990?s average of less than 40 percent.
8:53:03 PM    comment []

This Page was last updated: 12/29/03; 3:38:14 PM
Copyright 2003 Russell Gum
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