Cotton Economic Update Beltwide Cotton Conferences January 8-11, 2008 Nashville, TN
Cotton Prices
Cotton Production (Mil Bales) Share World China % 2.India % 3.US % 4.Pakistan % 5.Brazil %
US Cotton 2007 Planted Area Mid-South 2, % West % Southwest 5, % Thousand Acres & % Change from 2006 Southeast 2, %
Relative Futures Prices at Planting Time
Change in ’07 Cotton Area
Cotton Mill Use (Mil Bales) Share World China % 2.India % 3.Pakistan % 4.Turkey % 5.US %
Annual Change in World Mill Use
Price Indices
China Mill Use & Imports * Crop Year estimated based on PCI Fibres data
China’s Prices Above A Index
India Emerging as Exporter
Indian Cotton Priced Below Other Growths
US Mill Use & Retail Demand
US Exports
Relative Futures Prices for ’08 Strong Competition for Acres
World Cotton S&D Production Expected to Fall Short of Use
Cotton Futures
MerchantsGinnersCottonseed Producers Cooperatives WarehousesManufacturers