US Department Of Agriculture: USDA China'S Cotton Production Down 1 Million Pack

The United States Department of Agriculture reported in October that all of the United States

The average yield is estimated at 841 pounds per harvest per mu, an increase of 64% over the previous year.

The US Pima cotton production is estimated to be 497800 packs, as reported last month.

The harvest area of upland cotton is 10 million 600 thousand acres, the same as last month's report, but increased by 43% over last year.

The Pima cotton harvest area is 207000 acres, the same as last month's report.

The US Department of agriculture's October report shows that the production of Pima cotton is expected to be 497800 packs this year, up 25% over the previous year.

The US yield is estimated at 1154 lbs / acre, 235 pounds less than last year.

As of October 1st, cotton processing volume totaled 2288500 packs, compared with 233900 packages last year and 797400 packages on the same day in 2008.

The US cotton supply and demand forecast is basically unchanged from last month's report.

The increase in output was small because the increase in Delta and southwest areas was almost offset by the reduction of production in the southeastern region.

Cotton consumption and export have not been adjusted in domestic textile mills.

The final inventory is still 2 million 700 thousand packs, equivalent to 14% of the total consumption.

The average annual price of growers in the market is expected to be 67-79 cents / pound, compared with 63-77 cents in last month's forecast and 10 cents higher than the annual average price of 62.9 cents / pound in the 2009/10 market.

The world cotton forecast in 2010/11 was adjusted slightly, resulting in a slight decrease in final inventory compared with last month's report.

The output of Argentina, Australia and Turkey has been increased by 1 million packages of Chinese output. The main reason for the decline in China's production is the decrease in planting area reported by Chinese institutions.

Inventories were also cut at the beginning of the year. The serious gap now indicates that cotton consumption in 2009/10 is larger than that predicted earlier.

Global cotton consumption and trade volume forecast were slightly increased.

The world's final inventory is estimated at 44 million 700 thousand bales, representing a decrease of about 2 million packages compared with the beginning of the year.

Compared with last year, China's stock is expected to decrease by 3 million 500 thousand packages, while stocks in Brazil, India and Australia are expected to increase.