COTTON AND WOOL OUTLOOK July 12, 1995 Approved by the World Agricultural Outlook Board ----------------------------------------------------------------------------- COTTON AND WOOL OUTLOOK is published monthly (except January) by the Economic Research Service, U.S. Department of Agriculture, Washington, DC 20005-4788. CWS-0795. ----------------------------------------------------------------------------- Larger 1995 Acreage and Production, Lower Use Projected According to USDA's June Acreage report, U.S. producers have planted or intended to plant 16.6 million acres of cotton this season. The revised area is 400,000 acres above March indications and the largest since 1956. Larger upland acreage was projected in June for all major producing regions except in the Delta, where area is down 30,000 acres from March. Area continues to expand in the Southeast, rising to 3.5 million acres, the largest since 1954. Extra-long staple area increased 1,000 acres to 189,000. Acreage in Arizona and California declined while Texas and New Mexico's area increased from March indications. Crop conditions improved slightly in early July. Fifty-nine percent of the crop was rated in "good" or "excellent" condition, compared with 53 percent in late June. However, last season, 74 percent of the crop was rated above average at this time. Improved weather conditions have allowed the crop to make considerable progress after an average start this season. For the week ending July 9, 75 percent of the U.S. crop was squaring, compared with the 5- year average of 72 percent. In addition, 27 percent of the crop was setting bolls, 5 percent above the average. With larger acreage projected and crop conditions improving slightly, USDA increased the 1995 production estimate 500,000 bales to 21.5 million. Upland production, at 21.1 million bales, accounted for all of the increase except 2,000 bales. Extra-long staple production is projected at 390,000 bales. The July production estimates were revised based on the June acreage report and average acreage abandonment and yields weighted by State. The National Agricultural Statistics Service will release its initial 1995 cotton production estimate on August 10. While the 1995 U.S. cotton production projection was raised 0.5 million bales in July, the projected offtake was lowered 1.2 million as U.S. cotton demand looks less robust in 1995/96. Domestic mill use was lowered from 11.6 million bales to 11.4 million, while the export projection was dropped 1 million bales to 7.5 million. With total U.S. supplies projected at 23.8 million bales and total use expected to decline to 18.9 million, stocks are forecast to more than double in 1995/96. Ending stocks on July 31, 1996 are projected at 5 million bales, a stocks-to-use ratio of 26.5 percent. Foreign Production and Consumption Foreign production for both 1994/95 and 1995/96 was raised from last month. Adjustments to 1994/95 production were led by a 300,000-bale increase for India and 200,000 bales for Pakistan. Total foreign production was raised 535,000 bales to 65.6 million. Foreign 1995/96 production was raised 1.3 million bales to 69.3 million. Upward revisions for 1994/95 yields in India and Pakistan affected expectations for yields there for 1995/96, although for India, the deterioration of the monsoon was offsetting. No change is expected in India's crop in 1995/96 compared with this year, but Pakistan's is expected to rise 1 million bales as area increases for the first time since 1991. Pakistan's chronic bollworm problem is also expected to improve in 1995/96. Little change is foreseen in China's production, at 19.5 million bales, compared with 19.9 million this year. Press reports from China have suggested both higher and lower area for cotton compared with 1994/95. Crop prices in China are generally supportive of increased cotton plantings and production, but the specter of renewed bollworm attacks may deter area expansion and hold down yields. Little change is also expected in Central Asian production in 1995/96, but continued growth is foreseen for Franc Zone cotton. High world prices and last year's CFA franc devaluation will help production there rise more than 300,000 bales to 2.9 million. Higher production is also foreseen for Latin America and Australia, although continued difficulties with irrigation suggest only a very small increase is likely for Australia. Bigger crops are also expected in Tanzania and Sudan in 1995/96. A strong 1995/96 consumption gain is foreseen largely due to prospects for improved economic conditions in 1996. For 1995/96, consumption is now expected to total 74.9 million bales, a 2.3-million bale gain over 1994/95. Increased consumption in Russia and China is also expected in 1995/96. Russia's GDP growth is expected to be positive in 1996 for the first time in the 1990's and cloth production there has shown signs of an upturn during the early months of 1995. Similarly, China's yarn production has resumed more normal levels after plummeting early in the 1994/95 marketing year. Even if China's yarn production dips slightly from the volumes seen this spring, a significant increase in China's cotton consumption is likely. Foreign Consumption Revisions Foreign consumption was revised downward in 1993/94-95/96, and even in earlier years in some cases. For 1993/94, the decline totaled 572,000 bales with the former Soviet Union (FSU) accounting for about half of the change. The same was true for 1994/95, and total foreign consumption was revised down 960,000 bales. These revisions provided a lower base for 1995/96, which was lowered 300,000 bales. The largest consumption revisions this month were in 1994/95. The largest reduction for a single country was Taiwan, which fell 125,000 bales from last month. Russia, Brazil, and Uzbekistan were each reduced 100,000 bales. Thailand, Hungary, and Poland were each cut 75,000-80,000 bales. On the other hand, Turkey's consumption was raised 125,000 bales, and China and Nigeria's 100,000 bales each. With consumption drops in both 1994/95 and 1993/94, the forecasted year-to- year change is nearly the same this month. In June, 1994/95 consumption was forecast 1.9 million bales lower than the year before, and is now forecast down 2.2 million bales to 72.6 million. U.S. Export Prospects Weaken In addition to consumption revisions, recent trade data suggested export and import revisions for many countries. In many cases, these changes were offsetting, resulting in neither stronger nor weaker prospects for U.S. overseas sales. However, overall the revisions suggest larger foreign exports than earlier believed and weaker imports. Net imports overseas in 1994/95 shrank 1.1 million bales this month. By country, the largest negative developments were in Thailand (where net imports fell 165,000 bales), Brazil (net exports rose 150,000 bales), and Portugal (net imports fell 125,000 bales). Due in part to lower consumption, net exports by the FSU rose 500,000 bales, led by a 100,000-bale increase from Uzbekistan. Weakening U.S. export shipments over the last 6 weeks led to a 400,000-bale cut in 1994/95 U.S. exports to 9.8 million bales. The unexpected cooling of demand for U.S. cotton in 1994/95 also suggests reduced prospects in 1995/96. One key variable for U.S. exports will be China's willingness to continue building stocks. A 2.7-million bale stock increase during 1994/95 suggests an interest in acquiring stocks that should continue during 1995/96, but also suggests the gain should be smaller. Just as the United States benefitted disproportionately from China's jump in imports during 1994/95, the expected 1-million bale drop in China's imports during 1995/96 will come largely out of purchases from the United States. The United States can also expect virtually no sales to India, Pakistan, or Turkey in 1995/96, about a 600,000-bale loss compared with 1994/95, and increased competition from some of these countries as well as West Africa and Latin America. Altogether, these events suggest a 2.3-million bale decline in U.S. exports in 1995/96. Mill Consumption Stable Cotton mill use remained about unchanged in May according to the latest report from the U.S. Commerce Department. Based on additional mill days during the month, however, preliminary May cotton consumption reached 1 million bales, compared with 879,000 bales in April. On a daily basis, both April and May usage averaged 43,900 bales per day. Compared with a year ago, May 1995's daily average was 800 bales higher. During August 1994 through May 1995, cotton mill consumption totaled nearly 9.55 million 480-pound bales, compared with 8.66 million last year. Cotton's share of fiber use on the cotton system declined slightly in May to 76.4 percent. For the season, though, cotton's share has averaged 77 percent, the highest since the mid-1960's. On a seasonally adjusted annual rate (SAAR) basis, May's consumption fell to 11.04 million bales, the lowest rate of 1994/95. For the first 10 months of the season, however, the SAAR has averaged 11.3 million bales. Based on the expectations of slower than normal mill use in June and July, the USDA estimate was lowered to 11.25 million bales. Despite the downward revision, 1994/95 mill use would total 8 percent above the previous season. Manmade fiber use on the cotton system also rose during May to 149 million pounds, compared with 127 million in April. May's consumption was also 3 percent above a year ago. However, the seasonally adjusted daily rate remained at 6.2 million pounds in May, with an increase in noncellulosic use offset by a decline in cellulosic consumption. Manmade fiber use for August through May reached nearly 1.4 billion pounds, 4 percent above a year earlier. April Textile Imports and Exports Decline According to the latest available data, textile imports totaled 539 million (raw-fiber equivalent) pounds last April, a decrease of 113 million pounds (17 percent) from March and the smallest shipments since April 1994. Cotton and manmade textile imports accounted for 52 and 34 percent, respectively. Silk, wool, and linen textiles comprised the remaining 14 percent. Cotton textile imports declined to 283 million pounds in April from 338 million in March. Declines occurred for all major end-use categories. Total U.S. textile exports declined in April to 254 million pounds, 7 percent below the previous month. Manmade textile shipments represented 50 percent of the total and cotton, 42 percent. Cotton textile exports, at 108 million pounds, declined 13 million pounds (11 percent) from March, but were 22 percent above year-ago shipments. For all fibers, total April exports were lower in each end-use category, except floor coverings, compared with March. The overall April textile trade deficit was 285 million pounds, with cotton accounting for 61 percent (175 million pounds). The deficit increased 9 percent from a year ago when it totaled 261 million pounds. The cotton textile trade deficit also represented 61 percent of the April 1994 deficit. Prices Remain Mixed Through mid-June, the average price received by upland producers was 86.5 cents per pound, compared with a revised May price of 82.6 cents. Last June, the average price received equaled 63.3 cents. Spot prices, on the other hand, inched higher. The upland spot price for base quality cotton rose to $1.07 per pound in June, compared with $1.05 in May. The ELS spot price averaged near $1.33 per pound in June, up from $1.28 the previous month. Mill-delivered cotton prices averaged near $1.18 per pound, up slightly from May and 35 cents above a year ago. Meanwhile, polyester staple prices jumped 6 cents in June to 92 cents per pound. Polyester prices are 16 cents above last June. Rayon prices, on the other hand, have not changed much over the past year. During June, rayon prices were $1.04 per pound, compared with $1.02 a year ago. Due to these higher prices, mills are likely to continue moderating their fiber usage. The adjusted world price (AWP) dropped in early July to the lowest level since late December. For the week of July 7-13, the AWP equaled 75.27 cents per pound, compared with 76.72 cents a week earlier and 66.09 cents a year ago. For the latest week, only 2 offerings are quoted in the "current" A Index. Since Central Asia and Paraguay are the only quotes, an A Index is not available. For the week ending July 6, the B Index equaled 97 cents per pound, with only 3 quotes offered. Meanwhile, "new crop" A Index prices have remained near the 90-cent level. For the week ending July 6, the A Index averaged 89.90 cents per pound, with 6 of the 14 styles quoted. Both U.S. quotes remain in the A Index calculation and are ranked fourth and fifth. The Greece quote continues as the cheapest offering during this period. "Forward" B Index prices, however, are not available as only the U.S. and Central Asia offerings are quoted. The next issue of the Cotton and Wool Outlook will be released on August 11, 1995. For further information, contact Leslie Meyer at (202) 501-8528, Robert Skinner at (202) 219-0836, John Lawler at (202) 501-8525, or Steve MacDonald at (202) 219-1179. U.S. COTTON SUPPLY AND USE ESTIMATES ---------------------------------------------------------------------- 1994/95 1995/96 ---------------------------- Item May June July July ---------------------------------------------------------------------- Upland: Million acres Planted 13.55 13.55 13.55 16.42 Program 11.62 11.62 11.62 11.36 Harvested 13.16 13.16 13.16 15.30 Pounds Yield/harvested acre 705 705 705 661 Million 480-lb. bales Beginning stocks 3.30 3.30 3.30 2.20 Production 19.32 19.32 19.32 21.11 Total supply 1/ 22.64 22.65 22.64 23.33 Mill use 11.32 11.32 11.16 11.32 Exports 9.80 9.80 9.39 7.18 Total use 21.12 21.12 20.55 18.50 Ending stocks 1.63 1.63 2.20 4.96 Percent Stocks-to-use ratio 7.7 7.7 10.7 26.8 Extra-long staple: 1,000 acres Planted 169 169 169 189 Program 84 84 84 32 Harvested 166 166 166 187 Pounds Yield/harvested acre 974 974 974 1,000 1,000 480-lb. bales Beginning stocks 227 227 227 55 Production 338 338 338 390 Total supply 1/ 567 570 570 450 Mill use 85 85 95 85 Exports 400 400 410 315 Total use 485 485 505 400 Ending stocks 72 75 55 40 Percent Stocks-to-use ratio 14.8 15.5 10.9 10.0 ---------------------------------------------------------------------- Based on USDA estimates. 1/ Includes imports. WORLD COTTON SUPPLY AND USE ESTIMATES ---------------------------------------------------------------------- 1994/95 1995/96 ---------------------------- Item May June July July ---------------------------------------------------------------------- Supply: Million 480-lb. bales Beginning stocks World 27.42 27.54 27.42 29.45 Foreign 23.89 24.01 23.89 27.20 Production World 83.54 84.71 85.24 90.79 Foreign 63.87 65.05 65.58 69.29 Imports World 30.11 30.28 30.21 27.73 Foreign 30.09 30.26 30.19 27.70 Use: Mill use World 84.99 84.91 83.80 86.27 Foreign 73.59 73.51 72.55 74.87 Exports World 28.90 28.83 29.46 27.72 Foreign 18.70 18.63 19.66 20.22 Ending stocks World 27.01 28.61 29.45 33.90 Foreign 25.31 26.91 27.20 28.90 Stocks-to-use ratio Percent World 31.8 33.7 35.1 39.3 Foreign 34.4 36.6 37.5 38.6 ---------------------------------------------------------------------- Based on USDA estimates. FIBER SUPPLY ---------------------------------------------------------------------- 1995 1994 ------------------------- Item Mar Apr May May ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales Ginnings 0 0 0 0 Imports since August 1 11.2 12.4 NA 3.9 Stocks, beginning 11,077 8,640 6,658 8,491 At mills 691 736 794 709 Public storage 8,322 6,258 4,883 6,895 CCC stocks 2,090 1,318 862 1,203 Manmade: Million pounds Production 890.1 823.3 859.8 851.1 Noncellulosic 846.0 783.0 818.1 813.8 Cellulosic 44.1 40.3 41.7 37.3 Total since January 1 2,421.4 3,244.7 4,104.5 4,079.8 1995 1994 ------------------------ Feb Mar Apr Apr ---------------------------------------------------------------------- Million pounds Raw fiber imports 89.8 103.3 88.6 68.8 Noncellulosic 84.2 96.7 81.8 61.2 Cellulosic 5.6 6.6 6.8 7.6 Total since January 1 174.7 287.3 376.1 292.7 Wool and Mohair: 1,000 pounds Raw wool imports, clean 7,722 10,772 5,962 12,740 48's-and-finer 6,431 7,929 23,263 11,095 Not-finer-than-46's 1,291 2,843 5,673 1,477 Total since January 1 18,164 28,935 34,897 37,874 Wool top imports 590 605 330 450 Total since January 1 950 1,556 1,886 1,424 Mohair imports, clean 0 7 0 0 Total since January 1 4 10 10 1 ---------------------------------------------------------------------- NA = Not available. COTTON SYSTEM FIBER CONSUMPTION ---------------------------------------------------------------------- 1995 1994 --------------------------- Item Mar Apr May May ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales All consumed by mills 1/ 1,048 879 1,009 949 Total since August 1 1/ 7,661 8,540 9,549 8,657 SA annual rate 2/ 11,578 11,281 11,042 10,778 SA daily rate 2/ 44.5 43.4 42.5 41.5 Daily rate 45.5 43.9 43.9 43.1 Upland consumed by mills 1/ 1,037 869 999 941 Total since August 1 1/ 7,596 8,465 9,464 8,597 SA annual rate 2/ 11,456 11,159 10,932 10,682 SA daily rate 2/ 44.1 42.9 42.0 41.1 Daily rate 45.1 43.5 43.5 42.8 Spindles in place 7,252 7,238 7,167 7,721 Active spindles 6,801 6,741 6,698 7,225 100 percent cotton 2,974 2,954 2,936 3,082 100 percent manmade 1,131 1,110 1,110 1,214 Blends 2,696 2,677 2,652 2,929 Percent Cotton's share of fibers 76.7 76.8 76.4 75.9 Manmade: 1,000 pounds Total consumed by mills 1/ 152,770 127,269 149,393 144,340 Total since August 1 1/ 1,092,407 1,219,676 1,369,069 1,318,091 Daily rate 6,642 6,363 6,495 6,561 Noncellulosic staple 5,791 5,473 5,712 5,672 Cellulosic staple 851 890 783 889 ---------------------------------------------------------------------- 1/ Adjusted to calendar month. 2/ SA = seasonally adjusted. FIBER EXPORTS ---------------------------------------------------------------------- 1995 1994 ------------------------ Item Feb Mar Apr Apr ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales Upland exports 1,332 1,310 1,048 722 Total since August 1 5,338 6,646 7,694 4,365 Sales for next season 193 217 116 -16 Total since August 1 2,888 3,104 3,220 164 ELS exports 51.3 81.9 56.5 38.4 Total since August 1 173.8 255.7 312.2 246.1 Sales for next season 24.5 75.4 14.1 35.9 Total since August 1 58.6 133.9 147.9 42.0 Manmade: Million pounds Raw fiber exports 72.1 95.3 90.6 72.7 Noncellulosic 66.9 87.8 83.1 70.7 Cellulosic 5.2 7.5 7.5 2.0 Total since January 1 161.3 247.4 338.0 273.9 Wool and Mohair: 1,000 pounds Raw wool exports, clean 351.9 423.7 979.3 465.9 Total since January 1 542.8 966.5 1,945.8 1,230.1 Wool top exports 1,182.1 888.9 1,009.1 1,254.6 Total since January 1 1,818.5 2,707.5 3,716.6 3,130.2 Mohair exports, clean 610.4 289.4 313.7 135.8 Total since January 1 1,484.5 1,773.8 2,087.6 1,864.9 ---------------------------------------------------------------------- FIBER PRICES ---------------------------------------------------------------------- 1995 1994 --------------------------- Item Apr May June June ---------------------------------------------------------------------- Domestic cotton prices: Cents per pound Adjusted World Price 94.53 87.04 76.22 70.07 Jul'95 futures 101.72 104.81 112.00 77.32 Dec'95 futures 78.51 81.01 80.49 71.89 Upland spot 41-34 104.94 105.38 106.96 76.85 Pima spot 03-46 123.39 127.77 132.73 92.91 Avg. price received by: Upland producers 84.50 82.60 86.50 63.50 Mill delivered: Cotton Actual 113.17 113.94 117.65 82.57 Raw fiber equivalent 125.74 126.60 130.72 91.74 Rayon staple Actual 104.00 104.00 104.00 102.00 Raw fiber equivalent 108.33 108.33 108.33 106.25 Polyester staple Actual 86.00 86.00 92.00 76.00 Raw fiber equivalent 89.58 89.58 95.83 79.17 Price ratios Percent Cotton/rayon 116.1 116.9 120.7 86.3 Cotton/polyester 140.4 141.3 136.4 115.9 Northern Europe cotton quotes: Cents per pound A Index 114.55 115.13 NQ 85.10 Memphis Territory 120.25 121.75 129.00 86.10 California/Arizona 124.63 124.17 NQ 86.00 B Index 111.41 108.96 101.53 83.42 Orleans/Texas 116.88 116.13 121.00 85.05 Wool prices (clean): Dollars per pound U.S. 56's 1.86 1.88 1.77 1.28 Australian 56's 1/ 2.64 2.51 2.50 1.89 U.S. 60's 2.26 2.29 2.12 1.61 Australian 60's 1/ 2.80 2.71 2.73 1.95 U.S. 64's 2.88 2.95 2.85 2.30 Australian 64's 1/ 3.02 3.07 3.08 2.58 ---------------------------------------------------------------------- NA = Not available. NQ = No quote. 1/ In bond, Charleston, SC. TEXTILE TRADE ---------------------------------------------------------------------- 1995 1994 ----------------------------- Item Feb Mar Apr Apr ---------------------------------------------------------------------- Imports: 1,000 pounds 1/ Yarn, thread, and fabric 174,571 205,476 169,789 168,047 Cotton 70,390 81,711 72,595 68,897 Linen 39,901 47,671 25,592 33,099 Wool 3,475 3,787 3,990 4,833 Silk 598 685 599 652 Manmade 60,204 71,618 65,009 60,566 Apparel 372,028 381,936 311,642 270,031 Cotton 216,721 224,816 183,812 152,803 Linen 13,455 10,858 8,091 9,024 Wool 9,858 10,880 9,046 7,989 Silk 12,046 10,936 8,560 10,957 Manmade 119,950 124,446 102,133 89,258 House furnishings 30,542 32,114 26,552 24,773 Cotton 22,597 23,439 19,381 18,494 Linen 161 269 177 84 Wool 93 147 103 86 Silk 31 20 16 15 Manmade 7,660 8,238 6,875 6,094 Floor covering 21,682 25,402 24,705 19,468 Cotton 3,312 4,459 4,015 5,642 Linen 2,734 3,034 3,029 2,032 Wool 8,100 9,253 8,758 5,394 Silk 475 437 326 384 Manmade 7,062 8,219 8,578 6,016 Total imports 2/ 605,543 652,042 538,774 487,446 Cotton 316,832 338,263 282,622 248,102 Linen 56,334 61,940 38,991 44,361 Wool 21,663 24,239 22,115 18,496 Silk 13,150 12,078 9,501 12,009 Manmade 197,565 215,522 185,545 164,478 Exports: 1,000 pounds 1/ Yarn, thread, and fabric 114,017 130,267 122,366 114,108 Cotton 38,007 44,774 41,364 32,574 Linen 3,067 3,194 3,116 2,314 Wool 3,365 3,388 3,527 3,440 Silk 1,606 1,509 1,531 1,205 Manmade 67,972 77,402 72,828 74,575 Apparel 89,926 109,166 98,562 78,642 Cotton 57,533 68,573 59,893 48,632 Linen 2,117 2,164 2,094 1,673 Wool 3,228 4,079 4,351 3,891 Silk 1,521 1,919 1,900 1,334 Manmade 25,528 32,431 30,324 23,112 House furnishings 4,434 6,124 5,027 4,875 Cotton 2,742 3,677 2,900 2,987 Linen 149 284 241 210 Wool 52 44 90 48 Silk 107 165 159 108 Manmade 1,384 1,954 1,636 1,522 Floor covering 23,688 27,136 27,403 28,831 Cotton 3,547 3,288 3,363 3,709 Linen 1,033 1,136 1,140 1,257 Wool 1,071 1,540 1,462 1,245 Silk 3/ --- --- --- --- Manmade 8,037 21,173 21,438 22,620 Total exports 2/ 232,317 273,022 253,688 226,785 Cotton 101,864 120,363 107,566 87,954 Linen 6,373 6,789 6,601 5,465 Wool 7,731 9,073 9,455 8,659 Silk 3,234 3,593 3,590 2,247 Manmade 113,115 133,204 126,476 122,060 ---------------------------------------------------------------------- 1/ Raw fiber equivalent. 2/ Includes headgear. 3/ Absence of trade. ACTUAL AND PROJECTED COTTON ACREAGE ------------------------------------------------------------------- Projected Projected State/ Actual March June Region 1994 1995 1/ 1995 2/ 1995/1994 ------------------------------------------------------------------- 1,000 acres Percent Upland: Alabama 463 600 620 134 Florida 69 75 110 159 Georgia 885 1,400 1,500 169 N. Carolina 486 700 800 165 S. Carolina 225 280 310 138 Virginia 42 95 110 262 Southeast 2,170 3,150 3,450 159 Arkansas 980 1,080 1,060 108 Louisiana 900 1,010 1,020 113 Mississippi 1,280 1,500 1,500 117 Missouri 352 480 420 119 Tennessee 590 660 700 119 Delta 4,102 4,730 4,700 115 Kansas 1 2 1 100 Oklahoma 360 370 370 103 Texas 5,450 6,200 6,300 116 Southwest 5,811 6,572 6,671 115 Arizona 313 340 340 109 California 1,100 1,170 1,200 109 New Mexico 55 50 55 100 West 1,468 1,560 1,595 109 Total Upland 13,551 16,012 16,416 121 Pima: Arizona 48 49 47 98 California 81 100 95 117 New Mexico 11 14 15 136 Texas 29 25 32 110 Total Pima 169 188 189 112 Total All 13,720 16,200 16,605 121 ------------------------------------------------------------------- 1/ Planting intentions as indicated by reports from farmers. 2/ Total acres planted plus intentions for remaining acreage. USE OF UPLAND COTTON ACREAGE BASES, 1986-95 1/ ------------------------------------------------------------------- Southeast Delta Southwest West -------------- ------------ ------------ -------------- Crop Percent Percent Percent Percent year Base Used Base Used Base Used Base Used ------------------------------------------------------------------- Million acres 1986 1.09 96 3.71 95 8.53 89 2.24 82 1987 1.09 104 3.67 103 7.64 95 2.26 86 1988 1.14 107 3.71 106 7.40 98 2.23 92 1989 1.22 96 3.87 101 7.27 94 2.21 81 1990 1.21 109 3.92 104 7.13 97 2.13 82 1991 1.31 130 4.07 108 7.15 102 2.07 73 1992 1.45 120 4.26 111 7.14 94 2.00 81 1993 1.56 119 4.42 102 7.11 93 1.97 77 1994 1.71 137 4.56 101 7.10 94 1.94 87 1995 1.90 182 4.62 102 7.06 96 1.93 84 ------------------------------------------------------------------- 1/ Data for 1995 is preliminary. END-END-END