COTTON AND WOOL OUTLOOK October 14, 1997 October 1997, CWS-0997 Approved by the World Agricultural Outlook Board ----------------------------------------------------------------------------- COTTON AND WOOL OUTLOOK is issued monthly February through December by the Economic Research Service, U.S. Department of Agriculture, Washington, DC 20005-4788. Electronic release only, no printed copies available. ----------------------------------------------------------------------------- U.S. Cotton Crop Unchanged The 1997 U.S. cotton crop forecast was virtually unchanged in October at 18.4 million bales, and remains 500,000 bales below last season. Upland production is estimated at 17.86 million bales (10,000 bales below last month), while the extra-long staple (ELS) crop is estimated at 546,000 bales (up 2,000). The national cotton yield in October remains unchanged at 658 pounds per harvested acre. Cotton ginnings totaled 1.3 million running bales prior to October 1, compared with 2.1 million ginned by the same date in 1996. As of October 5, only 18 percent of the cotton area was harvested, compared with 24 percent for both last year and the 5-year average. However, the condition of the crop is similar to last season. As of early October, 57 percent of the area is rated "good" or "excellent," while only 11 percent is rated "poor" or "very poor." While the U.S. cotton production estimate for October was similar to a month ago, several offsetting adjustments occurred in the Southeast and Delta regions. In the Southeast, production declines in Georgia and the Carolinas lowered the region's expected output to 4 million bales (200,000 below last month). On the other hand, Delta production is expected to rise about 200,000 bales to 5.1 million during 1997/98. Production estimates for all Delta States were increased this month. Meanwhile, the upland production forecasts for the Southwest and the West were unchanged in October at 5.6 and 3.1 million bales, respectively. Foreign Production Prospects Higher, Imports Lower Foreign cotton production in 1997/98 is forecast 1 million bales higher than last month, and imports are forecast 600,000 bales lower. While the forecast for foreign consumption was raised 550,000 bales, the reduction in import prospects and the crop gains for several competitors led to a 300,000-bale reduction in the U.S. export forecast. Foreign production in 1997/98 is now forecast at 71.5 million bales, consumption at 78.8 million, and imports at 27.3 million. World imports in 1997/98 are now forecast to be the lowest since 1992/93. Turkmenistan's production in 1997/98 is forecast at 1 million bales, up 300,000 from the September forecast, and up 400,000 from 1996/97. Reliable information on agricultural production in Turkmenistan has been sparse in recent years, and it was unclear how much of the 48-percent decline reported for Turkmenistan's cotton crop in 1996/97 was due to Central Asia's poor weather and how much was a response to government policy. A number of sources now indicate that production has rebounded this year, suggesting that either weather was the primary culprit in the previous year's debacle, or that measures announced earlier this year have revived growers' enthusiasm for cotton in 1997/98. Turkmenistan's export forecast was raised 200,000 bales compared with a month earlier, to 900,000 bales. Argentina's 1997/98 production is forecast at 2.1 million bales, up 250,000 from the September forecast, and up 600,000 from 1996/97. Argentina's yields were the lowest in a decade during the 1996/97 harvest, and producer prices rose compared with the year before. Increased area during 1997/98 had already been expected, but now as planting gets underway, area now appears likely to reach a record 1 million hectares. Argentina's export forecast was raised 100,000 bales from a month earlier, to 1.4 million bales. India's 1997/98 crop was revised up 300,000 bales to 13.1 million, largely due to a recent redefinition of how the East India Cotton Association (EICA) measures Indian production. USDA has relied on EICA estimates in determining Indian cotton production, and in turn, the EICA has relied on reported pressings of cotton into bales. However, the EICA now acknowledges that not all cotton is pressed and that not all pressed cotton is reported, and that Indian production has been understated for a number of years. USDA had previously incorporated some of this information in its estimates for 1996/97 and 1997/98, so these estimates were raised only 300,000 bales. The only other year revised this month, 1995/96, was raised 600,000 bales. China's Imports Forecast One-Third Below 1996/97 India's larger 1997/98 forecast of domestic supplies suggested weaker import prospects there, and the 1997/98 import forecast was reduced 100,000 bales. Similarly, an increased crop forecast for Brazil also reduced its 1997/98 import forecast by 100,000 bales. Taiwan's import forecast was also reduced 150,000 bales, due to smaller expected consumption. However, the largest change was a 300,000-bale decline in China's 1997/98 imports, to 2.4 million bales. During 1996/97, China's imports climbed to 3.6 million bales as China's joint-venture mills turned to imports at falling prices rather than fixed-price domestic cotton. As domestic cotton stocks have risen in China, policy-makers have responded by lowering all domestic prices 6 percent, and prices for cotton from Xinjiang by 10 percent. Textile made from Xinjiang cotton will also qualify for a full rebate of the 17- percent tax on the value-added from processing, compared with 9 percent for all other cotton. In addition, the use of imported cotton will be more closely monitored to ensure all resulting products are exported, rather than consumed in China. While the details of how these policies will be implemented are still not completely clear, and undoubtedly the nature of the implementation will evolve over the year, it is clear that the Chinese government is at least willing to publicly attempt to construct policies aimed at reducing imports. Because this is the most concrete signal in this direction in years, the outlook for China's imports has been revised downward as the details of these policies have emerged. Final 1996/97 U.S. Cotton Supply and Demand Based on final estimates by the Census Bureau for mill use, exports, and stocks, total demand for 1996/97 is lowered slightly and stocks increased from the previous estimate. U.S. cotton supply last season totaled 21.95 million bales, including 403,000 bales of raw cotton imports. Final demand slipped marginally to 17.99 million bales, attributable to a decrease in exports. Final U.S. cotton exports reported by the Census for 1996/97 totaled 6.87 million bales, about 11 percent below 1995/96. Meanwhile, revised July mill use pushed 1996/97 consumption to 11.13 million bales, 4.5 percent above 1995/96. Based on these revisions, 1996/97 U.S. ending stocks equaled 3.97 million bales, 50 percent above the beginning level but a stocks-to-use ratio of only 22 percent. U.S. Cotton Demand Lowered, Stocks Increased for 1997/98 Total 1997/98 demand for U.S. cotton was reduced nearly 2 percent from September, with U.S. exports responsible for the decline. The export forecast was lowered 300,000 bales in October in response to higher production forecasts in several competing countries and lower foreign import demand. U.S. exports are currently forecast at 6.9 million bales, similar to 1996/97 shipments. Although exports to China are expected to be lower in 1997/98, sales to other major buyers have been particularly good this season. U.S. mill use was left unchanged this month at 11.3 million bales, 2 percent above 1996/97's 11.1 million. Preliminary August 1997 data from the Department of Commerce indicate that U.S. mills used cotton at a seasonally adjusted annual rate (SAAR) of nearly 11.2 million bales in August. This compares with an August 1996 SAAR of 11 million bales. Based on these projections, U.S. cotton demand is estimated at 18.2 million bales, 1 percent higher than in 1996/97. However, with total U.S. cotton supplies at 22.4 million bales, 2 percent higher than a year ago, ending stocks for 1997/98 are forecast to rise 200,000 bales from the beginning level to 4.2 million. Based on these supply and demand estimates, the implied stocks-to-use ratio would rise to 23 percent. 1997 Trade Deficit Widens July textile imports of all fibers rose 150 million pounds from a month earlier to a record 962 million pounds. Imports increased for the fourth consecutive month and were 19 percent above June and nearly 23 percent higher than July 1996. Larger shipments of all fibers and all major end-uses occurred in July with cotton and manmade apparel products accounting for most of the gain. Cotton textile imports, at 511 million pounds, were up 16 percent from June and 23 percent above July 1996 shipments. Cotton imports from Asia totaled 274 million pounds and accounted for 54 percent of total shipments. Larger shipments from major suppliers such as China, Hong Kong, Indonesia, and Pakistan were responsible for most of the increase. Textile exports, at 328 million pounds, declined to the lowest level in 5 months. Total July exports were 12 percent below June, but 44 percent above a year earlier. Exports of all major fibers and end-use categories, except home furnishings, were lower than June shipments. Cotton textile exports, at 135 million pounds, were 14 percent below a month earlier. Lower U.S. exports to North American countries accounted for over three-fourths of the monthly drop. During the first 7 months of 1997, the textile trade deficit was the largest in the past few years. The overall deficit rose to 2.9 billion pounds at the end of July, compared with 2.4 billion in 1996, and 2.8 billion in 1995. Historically, cotton textiles have accounted for the largest share of the trade deficit. Through July, cotton imports exceeded exports by 1.8 billion pounds, representing 62 percent of the total deficit. The deficit in manmade textiles reached 690 million pounds and accounted for 24 percent of the total. Despite significantly larger exports of manmade and cotton textiles, the annual trade deficit will likely exceed the 1995 record of 4.7 billion pounds this year. * * * The summary for the Cotton and Wool Yearbook (CWS1097) will be released on November 20. Copies of the Cotton and Wool Yearbook (CWS-1997) will be available in early December. The next Cotton and Wool Outlook (CWS-1197) will be released on December 12. * * * * * * * * * NOTICE * * * * * * * * * ERS is moving to 1800 M St., N.W., Washington, D.C. 20036-5831 during the last week of October and the first week of November. The telephone number for the ERS Information Center will bee 202-694-5050. The new number for the ERS Autofax System, which distributes this report and other Cotton and Wool data, will be 202-694-5700. For further information, contact Leslie Meyer (U.S. Cotton), at (202) 501-8528 before October 31 and (202) 694-5307 afterwards; Steve MacDonald (Foreign Cotton), at (202) 219-1179 before October 31 and (202) 694-5305 afterwards; Robert Skinner (Textiles and Wool), at (202) 219-0767 before October 31 and (202) 694-5313 afterwards. * * * U.S. COTTON SUPPLY AND USE ESTIMATES ---------------------------------------------------------------------- 1997/98 ---------------------------- Item 1996/97 Aug Sep Oct ---------------------------------------------------------------------- Upland: Million acres Planted 14.38 13.66 13.66 13.69 Harvested 12.61 13.16 13.19 13.19 Pounds Yield/harvested acre 701 628 651 650 Million 480-lb. bales Beginning stocks 2.54 4.07 3.77 3.92 Production 18.41 17.23 17.87 17.86 Total supply 1/ 21.36 21.32 21.67 21.81 Mill use 11.02 10.89 11.19 11.19 Exports 6.40 6.68 6.78 6.48 Total use 17.42 17.57 17.97 17.67 Ending stocks 3.92 3.74 3.63 4.13 Percent Stocks-to-use ratio 22.5 21.3 20.2 23.4 Extra-long staple: 1,000 acres Planted 258 250 250 250 Harvested 256 249 249 249 Pounds Yield/harvested acre 991 1,068 1,049 1,053 1,000 480-lb. bales Beginning stocks 66 30 54 51 Production 529 554 544 546 Total supply 1/ 595 584 598 597 Mill use 106 110 110 110 Exports 466 425 425 425 Total use 572 535 535 535 Ending stocks 51 59 73 72 Percent Stocks-to-use ratio 8.9 11.0 13.6 13.5 ---------------------------------------------------------------------- Based on USDA estimates. 1/ Includes imports. WORLD COTTON SUPPLY AND USE ESTIMATES ---------------------------------------------------------------------- 1997/98 ------------------------------ Item 1996/97 Aug Sep Oct ---------------------------------------------------------------------- Supply: Million 480-lb. bales Beginning stocks World 34.11 36.96 36.28 36.40 Foreign 31.51 32.86 32.46 32.43 Production World 89.01 87.34 88.82 89.87 Foreign 70.07 69.56 70.41 71.46 Imports World 28.24 28.18 27.98 27.35 Foreign 27.84 28.15 27.95 27.33 Use: Mill use World 88.10 88.49 89.59 90.14 Foreign 76.98 77.49 78.29 78.84 Exports World 26.56 27.76 27.92 27.32 Foreign 19.70 20.66 20.72 20.42 Ending stocks World 36.40 35.90 35.18 35.83 Foreign 32.43 32.10 31.48 31.63 Stocks-to-use ratio Percent World 41.3 40.6 39.3 39.7 Foreign 42.1 41.4 40.2 40.1 --------------------------------------------------------------------- Based on USDA estimates. FIBER SUPPLY ---------------------------------------------------------------------- 1997 1996 --------------------------- Item Jun Jul Aug Aug ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales Ginnings 0 0 376 351 Imports since August 1 402.8 403.5 NA 156.9 Stocks, beginning 6,901 5,393 3,971 2,609 At mills 702 712 693 628 Public storage 5,138 4,026 3,287 1,938 CCC stocks 1,298 881 326 331 Manmade: Million pounds Production 822.4 897.1 834.8 841.8 Noncellulosic 787.4 862.5 801.2 801.2 Cellulosic 35.0 34.6 33.6 40.6 Total since January 1 5,132.5 6,029.6 6,864.4 6,282.5 1997 1996 ----------------------------- May Jun Jul Jul ---------------------------------------------------------------------- Million pounds Raw fiber imports 110.3 105.9 108.0 101.5 Noncellulosic 101.9 98.3 100.6 95.3 Cellulosic 8.4 7.6 7.4 6.2 Total since January 1 559.3 665.2 773.2 634.2 Wool and Mohair: 1,000 pounds Raw wool imports, clean 5,780 4,244 4,876 5,268 48's-and-finer 3,852 2,962 3,051 3,493 Not-finer-than-46's 1,928 1,281 1,824 1,775 Total since January 1 33,995 38,238 43,114 51,377 Wool top imports 163 162 225 172 Total since January 1 731 893 1,117 2,411 Mohair imports, clean 0 0 0 42 Total since January 1 3 3 3 51 ---------------------------------------------------------------------- NA = Not available. COTTON SYSTEM FIBER CONSUMPTION ---------------------------------------------------------------------- 1997 1996 --------------------------- Item Jun Jul Aug Aug ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales All consumed by mills 1/ 905 931 967 998 Total since August 1 1/ 10,195 11,126 967 998 SA annual rate 2/ 11,183 11,618 11,184 10,994 SA daily rate 2/ 42.8 44.5 42.8 42.1 Daily rate 43.1 40.5 46.0 45.4 Upland consumed by mills 1/ 896 922 958 988 Total since August 1 1/ 10,098 11,020 958 988 SA annual rate 2/ 11,076 11,520 11,076 10,881 SA daily rate 2/ 42.4 44.1 42.4 41.7 Daily rate 42.7 40.1 45.6 44.9 1,000 Spindles Spindles in place 5,572 5,595 5,574 6,214 Active spindles 5,301 5,320 5,307 5,674 100 percent cotton 2,596 2,622 2,613 2,632 100 percent manmade 883 882 884 986 Blends 1,822 1,816 1,810 2,056 Percent Cotton's share of fibers 78.7 78.4 78.2 77.9 Manmade: 1,000 pounds Total consumed by mills 1/ 117,418 122,884 129,147 135,631 Total since August 1 1/ 1,370,536 1,493,420 129,147 135,631 Daily rate 5,591 5,343 6,150 6,165 Noncellulosic staple 5,108 4,833 5,488 5,443 Cellulosic staple 483 510 662 722 ---------------------------------------------------------------------- 1/ Adjusted to calendar month. 2/ SA = seasonally adjusted. FIBER EXPORTS ---------------------------------------------------------------------- 1997 1996 -------------------------- Item May Jun Jul Jul ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales Upland exports 601 583 476 162 Total since August 1 5,339 5,923 6,399 7,375 Sales for next season 284 263 583 165 Total since August 1 907 1,170 1,753 791 ELS exports 30.8 20.5 24.3 21.4 Total since August 1 421.1 441.6 465.9 299.7 Sales for next season 25.6 42.8 63.0 11.4 Total since August 1 98.2 141.0 204.0 182.5 Manmade: Million pounds Raw fiber exports 98.8 89.8 89.8 73.4 Noncellulosic 89.6 83.7 83.9 67.6 Cellulosic 9.2 6.1 5.9 5.8 Total since January 1 496.6 586.7 676.5 613.2 Wool and Mohair: 1,000 pounds Raw wool exports, clean 1,032.4 936.0 229.0 415.6 Total since January 1 2,339.4 3,275.4 3,504.3 1,821.8 Wool top exports 802.5 521.9 469.1 719.1 Total since January 1 3,059.3 3,581.3 4,050.4 5,573.8 Mohair exports, clean 64.5 31.2 198.1 234.8 Total since January 1 657.3 688.5 886.6 2,606.0 ---------------------------------------------------------------------- FIBER PRICES ---------------------------------------------------------------------- 1997 1996 -------------------------- Item Jul Aug Sep Sep ---------------------------------------------------------------------- Domestic cotton prices: Cents per pound Adjusted World Price 66.80 66.96 65.40 60.46 Oct'97 futures 74.66 74.02 72.46 77.80 Dec'97 futures 74.83 74.10 73.23 77.00 Upland spot 41-34 71.83 71.61 70.75 75.24 Pima spot 03-46 110.50 109.98 104.50 108.65 Avg. price received by: Upland producers 67.10 67.10 71.90 71.70 Mill delivered: Cotton Actual 78.47 77.59 76.56 82.99 Raw fiber equivalent 87.19 86.21 85.07 92.21 Rayon staple Actual 115.00 115.00 115.00 115.00 Raw fiber equivalent 119.79 119.79 119.79 119.79 Polyester staple Actual 68.00 68.00 68.00 76.00 Raw fiber equivalent 70.83 70.83 70.83 79.17 Price ratios Percent Cotton/rayon 72.8 72.0 71.0 77.0 Cotton/polyester 123.1 121.7 120.1 116.5 Northern Europe cotton quotes: Cents per pound A Index 81.47 81.13 79.53 75.45 Memphis Territory 83.70 83.88 82.50 85.38 California/Arizona 85.95 85.75 84.25 85.75 B Index 80.00 76.54 74.25 74.83 Orleans/Texas 79.75 80.38 78.50 81.94 Wool prices (clean): Dollars per pound U.S. 56's 1.50 1.50 1.50 1.30 Australian 56's 1/ NQ 2.14 2.03 1.80 U.S. 60's 1.85 1.85 1.85 1.55 Australian 60's 1/ 2.10 2.20 2.10 1.87 U.S. 64's 2.55 2.55 2.55 1.92 Australian 64's 1/ NQ 2.70 2.62 2.28 ---------------------------------------------------------------------- NQ = No quotes. 1/ In bond, Charleston, SC. TEXTILE TRADE ---------------------------------------------------------------------- 1997 1996 ------------------------------- Item May Jun Jul Jul ---------------------------------------------------------------------- Imports: 1,000 pounds 1/ Yarn, thread, and fabric 225,808 210,963 218,440 176,785 Cotton 90,209 92,097 91,784 74,044 Linen 36,142 19,649 23,701 15,786 Wool 5,274 4,479 4,977 3,667 Silk 776 691 830 746 Manmade 93,407 94,047 97,149 82,543 Apparel 445,514 527,705 662,741 541,578 Cotton 264,791 308,529 379,083 309,572 Linen 8,967 12,587 17,358 15,509 Wool 14,964 21,386 30,875 26,525 Silk 9,200 9,851 11,783 9,922 Manmade 147,593 175,353 223,642 180,050 House furnishings 36,537 40,769 45,379 33,939 Cotton 27,409 30,672 33,110 23,940 Linen 146 180 234 170 Wool 74 138 160 183 Silk 32 47 49 24 Manmade 8,877 9,731 11,825 9,622 Floor covering 24,232 24,623 27,255 23,328 Cotton 4,527 4,127 3,632 3,025 Linen 2,878 3,321 3,819 2,877 Wool 6,789 7,394 8,031 6,334 Silk 482 492 423 276 Manmade 9,555 9,288 11,349 10,815 Total imports 2/ 739 033 811,367 961,635 783,943 Cotton 390,638 439,061 511,067 414,712 Linen 48,154 35,770 45,146 34,392 Wool 27,233 33,523 44,343 37,026 Silk 10,489 11,082 13,086 10,969 Manmade 262,518 291,931 347,993 286,845 Exports: 1,000 pounds 1/ Yarn, thread, and fabric 167,879 162,900 141,481 107,712 Cotton 57,930 55,109 44,129 38,683 Linen 4,489 4,693 3,913 2,900 Wool 3,950 5,170 3,815 2,723 Silk 2,067 1,887 1,430 1,313 Manmade 99,443 96,041 88,195 62,093 Apparel 143,302 161,795 141,047 118,045 Cotton 84,715 94,287 82,963 71,145 Linen 1,674 1,732 1,479 2,188 Wool 7,514 9,292 7,468 5,824 Silk 4,023 4,193 3,404 2,124 Manmade 45,376 52,291 45,734 36,764 House furnishings 6,474 6,852 6,948 5,352 Cotton 3,924 3,920 4,238 3,207 Linen 267 357 160 224 Wool 98 152 88 52 Silk 133 251 100 135 Manmade 2,052 2,171 2,362 1,734 Floor covering 39,950 41,649 37,749 28,527 Cotton 3,697 4,024 3,705 3,457 Linen 2,235 2,283 2,324 1,123 Wool 2,452 2,518 2,458 1,385 Silk 127 105 164 --- Manmade 31,440 32,718 29,098 22,563 Total exports 2/ 357,888 373,531 327,522 260,024 Cotton 150,341 157,436 135,122 116,564 Linen 8,673 9,076 7,886 6,450 Wool 14,037 17,156 13,855 10,007 Silk 6,350 6,437 5,098 3,571 Manmade 178,487 183,426 165,561 123,432 --------------------------------------------------------------------- --- = An absence of trade. 1/ Raw fiber equivalent. Data revised for 1997. 2/ Includes headgear. U.S. COTTON TEXTILE IMPORTS ---------------------------------------------------------------------- 1997 1996 --------------------------- Country May Jun Jul Jul ---------------------------------------------------------------------- 1,000 pounds 1/ North America 156,272 159,784 175,721 128,272 Canada 13,630 12,764 10,968 9,006 Costa Rica 8,743 8,649 9,851 7,253 Dominican Republic 16,419 16,575 18,056 14,071 El Salvador 11,024 10,904 12,225 8,141 Guatemala 6,824 7,303 7,980 7,388 Haiti 1,235 1,811 1,935 1,278 Honduras 21,541 23,607 25,541 17,922 Jamaica 6,340 7,623 8,722 7,621 Mexico 67,413 67,790 76,307 52,217 Nicaragua 2,575 2,389 3,651 2,761 South America 8,366 7,903 8,117 8,682 Argentina 28 14 21 4 Brazil 3,098 2,854 2,493 3,440 Chile 212 215 163 412 Columbia 2,436 2,413 2,730 2,315 Peru 2,092 1,854 2,212 2,005 Europe 24,391 26,858 29,593 22,081 Estonia 700 783 933 652 France 540 717 795 529 Germany 505 546 622 475 Italy 2,798 2,654 2,703 3,008 Portugal 2,433 3,655 4,398 589 Russia 1,090 640 994 777 Spain 1,171 1,373 1,200 1,297 Turkey 10,781 12,308 13,036 10,524 United Kingdom 924 1,033 1,146 873 Asia 185,910 182,327 274,308 219,286 Bahrain 486 911 1,504 1,323 Bangladesh 11,820 14,465 18,960 15,116 China 34,487 40,252 49,632 32,657 Hong Kong 19,490 27,653 35,470 35,014 India 25,346 33,581 32,978 27,565 Indonesia 12,132 13,899 18,214 13,947 Israel 1,956 2,136 2,548 2,107 Japan 1,343 1,322 1,412 1,520 Macao 3,463 4,362 6,128 5,311 Malaysia 3,663 3,697 5,442 4,710 Nepal 901 1,155 1,057 1,565 Oman 1,426 1,790 1,446 1,569 Pakistan 23,662 26,109 31,824 19,691 Philippines 8,226 9,717 12,046 9,844 Quator 944 806 1,549 1,476 Singapore 1,365 1,642 1,913 2,344 South Korea 5,714 6,484 8,275 7,047 Sri Lanka 6,506 7,332 9,755 9,141 Taiwan 10,542 13,020 15,001 12,500 Thailand 7,007 9,218 10,156 8,686 U Arab Em 2,590 2,797 4,016 2,989 Oceania 982 1,846 2,109 1,761 Australia 595 960 1,092 732 Fiji 286 690 750 728 Africa 10,231 11,654 15,811 12,363 Egypt 4,908 5,166 6,662 5,286 Lesotho 1,441 1,455 2,326 1,319 Mauritius 1,428 1,748 1,992 1,908 Morocco 566 679 775 795 South Africa 881 950 1,840 1,451 Tunisia 110 249 166 105 World 2/ 390,638 439,061 511,067 414,712 --------------------------------------------------------------------- 1/ Raw fiber equivalent. 2/ Data revised for 1997. Totals may not add due to rounding. U.S. COTTON TEXTILE EXPORTS ---------------------------------------------------------------------- 1997 1996 --------------------------- Country May Jun Jul Jul ---------------------------------------------------------------------- 1,000 pounds 1/ North America 119,624 127,389 110,371 86,584 Canada 25,563 24,189 19,764 13,153 Costa Rica 7,070 9,162 8,201 6,079 Dominican Republic 17,306 14,790 15,707 10,326 El Salvador 4,013 7,577 4,131 2,854 Guatemala 3,774 4,778 3,741 3,885 Haiti 1,320 1,703 960 879 Honduras 12,601 16,692 14,222 11,220 Jamaica 4,562 7,440 4,063 5,652 Mexico 42,139 39,834 38,227 31,532 South America 5,848 6,345 4,724 3,721 Argentina 425 341 229 226 Brazil 555 624 619 557 Chile 884 736 367 439 Colombia 1,775 1,619 1,352 1,485 Peru 262 146 146 225 Venezuela 1,340 1,928 1,361 291 Europe 11,471 10,011 7,264 9,815 Belgium 3,517 1,319 504 1,872 France 885 722 619 459 Germany 1,302 1,116 980 1,505 Ireland 91 983 270 97 Italy 327 398 285 218 Netherlands 740 581 804 714 United Kingdom 2,817 2,585 2,017 3,223 Asia 11,036 11,196 10,920 21,645 China 189 316 150 1,367 Hong Kong 1,633 1,694 1,615 1,382 Israel 965 1,479 1,092 2,053 Japan 4,033 3,746 4,027 5,711 Philippines 385 616 248 317 Saudi Arabia 506 326 613 546 Singapore 475 535 382 614 South Korea 526 360 488 604 Taiwan 258 385 332 502 U Arab Em 577 434 457 427 Oceania 1,157 1,395 1,030 835 Australia 897 994 838 585 New Zealand 174 193 164 192 Africa 972 835 605 1,425 Egypt 46 50 8 125 Ghana 13 37 23 26 Ivory Coast 5 29 28 93 Nigeria 191 149 239 82 South Africa 286 312 115 337 World 2/ 150,341 157,436 135,122 116,564 ---------------------------------------------------------------------- 1/ Raw fiber equivalent. 2/ Data revised for 1997. Totals may not add due to rounding. 1997 ACREAGE, YIELD, AND PRODUCTION ESTIMATES ------------------------------------------------------------------- State/ Region Harvested Yield Production ------------------------------------------------------------------- 1,000 Lbs./ 1,000 acres harvested acre bales Upland: Alabama 420 526 460 Florida 100 720 150 Georgia 1,435 702 2,100 N. Carolina 675 555 780 S. Carolina 285 691 410 Virginia 99 601 124 Southeast 3,014 641 4,024 Arkansas 930 769 1,490 Louisiana 625 653 850 Mississippi 960 820 1,640 Missouri 365 684 520 Tennessee 500 605 630 Delta 3,380 729 5,130 Kansas 14 480 14 Oklahoma 210 503 220 Texas 5,300 489 5,400 Southwest 5,524 490 5,634 Arizona 329 1,138 780 California 875 1,207 2,200 New Mexico 66 698 96 West 1,270 1,163 3,076 Total Upland 13,188 650 17,864 Pima: Arizona 20 840 35 California 184 1,148 440 New Mexico 13 665 18 Texas 32 795 53 Total Pima 249 1,053 546 Total All 13,437 658 18,410 ------------------------------------------------------------------- Based on the October CROP PRODUCTION report. END_OF_FILE