COTTON AND WOOL OUTLOOK August 13, 1999 August 1999, CWS-0799 Approved by the World Agricultural Outlook Board --------------------------------------------------------------------------- COTTON AND WOOL OUTLOOK is issued 10 times a year by the Economic Research Service, U.S. Department of Agriculture, Washington, DC 20036-5831. Electronic release only; no published copies are available. COTTON AND WOOL OUTLOOK is supplemented by an annual COTTON AND WOOL YEARBOOK. The yearbook summary for 1999 will be released on November 22, 1999. Yearbooks are available in print from ERS-NASS Order Desk. For the 1999 issue, call 1-800-999-6779 (703-605-6220) and ask for stock #ERS-CWS-1999, $21. --------------------------------------------------------------------------- HIGHLIGHTS o U.S. 1999 Production To Exceed 1998 But Below Industry Expectations o Demand and Stocks To Rise This Season o U.S. Mill Use and Exports To Improve o Foreign Production Lower, Consumption Higher in 1999/2000 o Textile Imports Rise in May U.S. 1999 Production To Exceed 1998 But Below Industry Expectations According to USDA's first survey of the 1999 cotton crop, U.S. production is forecast at 18.3 million bales, nearly 32 percent higher than the 1998 crop but below July's 18.7-million-bale projection. The August forecast is also below industry expectations that averaged 19.1 million bales. Upland production is forecast at 17.6 million bales, while the extra-long staple (ELS) crop is projected at 668,000 bales. During the previous 20 years, the August forecast has been below final production 11 times and above 9 times. Past differences between the August forecast and the final production estimate indicate that chances are two out of three for the 1999 U.S. cotton crop to range between 16.8 and 19.8 million bales. Compared with last season, upland production is projected to rise in each region of the Cotton Belt. The largest increase, however, is anticipated for the Southwest, where production is expected to increase nearly 1.8 million bales to 5.5 million this season. Texas' production accounts for 5.3 million of the total with upland output there projected to be the largest since 1981, the result of more normal abandonment and above average yield expectations. In the Delta, upland production is projected to rise to 5.4 million bales, or 30 percent above 1998's low turnout. The largest increase is anticipated in Mississippi, where 1999 production is forecast at 1.9 million bales, up from 1.4 million the previous season. Similarly, the Southeast is expected to increase its production 1 million bales (27 percent) to 4.7 million this season. All States in the region are expected to expand production. Georgia leads the region as 1.9 million bales are forecast to be produced there, tying Mississippi as the second largest producing State this season. In the West, upland output is seen at 2 million bales, up 7 percent from last season's weather-damaged crop, but still well below the region's normal production. In addition to upland, ELS production in the West is expected to rise more than 200,000 bales this season. California continues to take the lead in ELS production and is projected to account for 87 percent of the ELS crop in 1999. Total area planted to cotton is estimated at 14.6 million acres and abandonment is projected at a relatively normal 7 percent. As a result, cotton area to be harvested is forecast at 13.5 million acres, 27 percent above last season and the highest since 1995. Based on the harvested area, the national yield is estimated at 649 pounds per acre, 24 pounds above 1998 but equal to the 5-year average. Despite recent declines, mainly in the Delta and Southeast, overall U.S. cotton crop conditions remain more favorable than a year ago. As of August 8, 51 percent of the cotton acreage was in "good" or "excellent" condition, compared with only 36 percent in 1998. In contrast, 17 percent is rated "poor" or "very poor" this season, compared with 33 percent in 1998. While crop conditions are better than last season, this year's crop development is slightly behind. As of August 8, 87 percent of the cotton area was setting bolls with 7 percent having bolls opening. In 1998, these percentages were 89 and 14 percent, respectively. Ginnings are also reported lower than a year ago. As of August 1, about 81,000 running bales had been ginned, compared with nearly 146,000 at this time last year. However, 1999 ginnings are well ahead of comparable figures reported for the 1997 and 1996 seasons. Demand and Stocks To Rise This Season Based on the August production forecast and carryin stocks estimated at 3.6 million bales, total U.S. cotton supplies for 1999/2000 are projected to rise 20 percent to 22 million. Meanwhile, total use of U.S. cotton is also projected to increase, but not as fast as production due to prevalent foreign competition in the raw fiber and textile sectors. In 1999/2000, total U.S. cotton demand is forecast to reach 16.2 million bales, nearly 11 percent above last season but below the 5-year average of 18 million bales. These estimates reflect current policy and do not include any additional demand that may result from the refunding of the "Step 2" program or any other legislative proposals being discussed by Congress. With these U.S. supply and demand projections, cotton ending stocks for 1999/2000 are projected to jump more than 2 million bales from the beginning level to 5.7 million. As a result, the implied stocks-to-use ratio for the season is currently near 35 percent, well above 1998/99 and the highest since 1988/89. U.S. Mill Use and Exports To Improve Despite the abundant supply expectations in 1999/2000, U.S. cotton mill use is projected to improve only slightly. And while exports are likely to rebound faster than mill use, they too are expected to remain well below the levels experienced as recently as 1997/98. For 1999/2000, U.S. mill use is currently estimated at 10.5 million bales, marginally above the 10.45 million last season. While abundant cotton supply projections have produced a more competitive price situation with polyester staple fibers, mill demand for all fibers is expected to grow slowly from the aftermath of the Asian crisis. In addition, the level of cotton textile trade will play a crucial role in the amount of raw cotton consumed by U.S. mills. While NAFTA has increased cotton textile trade over the past 5 years, the recent strength of the dollar has also encouraged extensive shipments to the United States. In calendar 1998, for example, cotton textile imports reached a record 6 billion (raw-fiber equivalent) pounds, nearly 19 percent above the previous year. Although textile imports are likely to rise further in 1999, growth is expected to be more moderate. With cotton textile exports also expanding this season, the growth in U.S. mill use will likely be tied to increases in per capita consumption of U.S. cotton textile and apparel products. For 1999/2000, U.S. cotton exports are forecast at 5.7 million bales, 1.5 million above the latest estimate for 1998/99. Larger U.S. supplies and a boost in foreign imports--the result of an expected rebound in world consumption--are helping raise U.S. raw cotton exports. Competition from foreign exporters was intense in 1998/99 and will likely remain formidable this season. In addition, China is projected to remain a net exporter for a second consecutive, unlike the mid-1990's when China imported large quantities of cotton, of which the United States supplied a large portion. As a result, U.S. exports are expected to remain 2 million bales below the robust 1994-1997 seasons. Based on the current projections of U.S. and world trade, the U.S. share of global exports is estimated at about 23 percent, up from 18 percent in 1998/99. Foreign Production Lower, Consumption Higher in 1999/2000 Foreign cotton production is projected to decline slightly from last season to 69.6 million bales. In contrast, improvement in consumption expectations has pushed the latest foreign mill use projection to 76.5 million bales for 1999/2000. While 2 million above the 1998/99 estimate, foreign consumption remains below the pre-Asian crisis level of 1997/98. Foreign shipments are expected to rise 0.5 million bales to 19.6 million, while foreign imports increase 1.5 million to 25.7 million bales. As a result, foreign ending stocks are currently projected to decline 1 million bales this season to 36.6 million, the lowest since the 34.2 million recorded in 1996/97. Compared with a month ago, foreign production estimates were lowered primarily in three countries: China--500,000 bales, Uzbekistan--300,000, and Argentina--100,000. The production projections for these countries are also at or below last season's except for Uzbekistan, which experienced a significant decline in its 1998/99 crop. On the consumption side, minor changes in foreign use were recorded this month with the most notable occurring in South Korea, where consumption and imports were up 100,000 bales each. South Korea is projected to be the fourth largest importer of raw cotton in 1999/2000. The top three importers are Indonesia, Mexico, and Brazil. With foreign exports marginally below last month, notable changes in August included a 200,000-bale decline for Uzbekistan, which followed the production decrease, and a 100,000-bale increase for Australia. Total foreign exports are now 500,000 bales above 1998/99, as last season's estimate was reduced 300,000 bales this month. Textile Imports Rise in May May textile imports, at 868 million pounds, (raw-fiber equivalent) rebounded from a month earlier and were 6 percent above a year ago. Larger imports of cotton, manmade, and wool fibers more than offset lower linen and silk shipments. Shipments of apparel (551 million pounds) and floor coverings were higher than a month earlier, while imports of home furnishings, yarn, thread, and fabric were lower. Cotton textile imports, at 490 million pounds, were slightly above a month earlier with cotton apparel items accounting for 72 percent of the shipments in May. Cotton imports from North America rose to 230 million pounds up 19 percent from a year earlier, while shipments from Asia declined to 208 million pounds. Textile exports declined in May for the second consecutive month to 394 million pounds. Total May exports were 2 percent below April but 1 percent above a year earlier. Exports of all major fibers except silk and all end-use categories except yarn, thread, and fabric were lower than April shipments. Cotton textile exports, at 180 million pounds, were 4 percent below a month earlier. However, cotton shipments were 7 percent above May 1998. Cotton textile exports to North America decreased 6 million pounds to 162 million, with Mexico accounting for 40 percent of the total. Overall, the May textile trade deficit was 474 million pounds, with cotton accounting for 65 percent of the total (310 million pounds). The May deficit increased 11 percent from a year earlier when it totaled 427 million pounds. In addition, the deficit for the first 5 months of 1999 was 2.6 billion pounds, compared with 2.1 billion a year ago. The cotton trade deficit reached 1.7 billion pounds (3.4 million bale-equivalents) during January-May, up 16 percent from 1998. The next Cotton and Wool Outlook (CWS-0899) will be released on September 13, 1999. Information Contacts: Leslie Meyer (U.S. Cotton and Textiles) LMEYER@ECON.AG.GOV (202) 694-5307 Stephen MacDonald (Foreign Cotton) STEPHENM@ECON.AG.GOV (202) 694-5305 Robert Skinner (Textiles and Wool) RSKINNER@ECON.AG.GOV (202) 694-5313 U.S. COTTON SUPPLY AND USE ESTIMATES ---------------------------------------------------------------------- 1999/00 ---------------------------- Item 1998/99 Jun Jul Aug ---------------------------------------------------------------------- Upland: Million acres Planted 13.064 13.639 14.241 14.283 Harvested 10.449 12.700 13.200 13.216 Pounds Yield/harvested acre 619 656 656 641 Million 480-lb. bales Beginning stocks 3.822 3.488 3.493 3.486 Production 13.476 17.360 18.027 17.636 Total supply 1/ 17.733 20.888 21.560 21.162 Mill use 10.305 10.460 10.450 10.350 Exports 3.912 5.020 5.220 5.220 Total use 14.217 15.480 15.670 15.570 Ending stocks 3.486 5.333 5.815 5.513 Percent Stocks-to-use ratio 24.5 34.5 37.1 35.4 Extra-long staple: 1,000 acres Planted 328 305 318 318 Harvested 235 302 315 316 Pounds Yield/harvested acre 904 1,025 1,025 1,013 1,000 480-lb. bales Beginning stocks 65 112 107 114 Production 442 645 673 668 Total supply 1/ 522 767 790 792 Mill use 145 140 150 150 Exports 288 480 480 480 Total use 433 620 630 630 Ending stocks 114 172 185 187 Percent Stocks-to-use ratio 26.3 27.7 29.4 29.7 ---------------------------------------------------------------------- Based on USDA estimates. 1/ Includes imports. WORLD COTTON SUPPLY AND USE ESTIMATES ---------------------------------------------------------------------- 1999/00 ------------------------------ Item 1998/99 Jun Jul Aug ---------------------------------------------------------------------- Supply: Million 480-lb. bales Beginning stocks World 40.70 41.08 41.01 41.16 Foreign 36.81 37.48 37.41 37.56 Production World 84.27 87.00 89.24 87.93 Foreign 70.35 69.00 70.54 69.63 Imports World 24.73 25.30 25.71 25.78 Foreign 24.28 25.25 25.66 25.73 Use: Mill use World 84.94 86.50 86.88 86.97 Foreign 74.49 75.90 76.28 76.47 Exports World 23.29 25.00 25.34 25.27 Foreign 19.09 19.50 19.64 19.57 Ending stocks World 41.16 41.58 43.45 42.34 Foreign 37.56 36.08 37.45 36.64 Stocks-to-use ratio Percent World 48.5 48.1 50.0 48.7 Foreign 50.4 47.5 49.1 47.9 --------------------------------------------------------------------- Based on USDA estimates. FIBER SUPPLY ---------------------------------------------------------------------- 1999 1998 --------------------------- Item Apr May Jun Jun ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales Ginnings 0 0 0 0 Imports since August 1 203.5 280.7 NA 13.0 Stocks, beginning 7,581 6,642 5,599 6,980 At mills 570 593 603 745 Public storage 6,780 5,629 4,975 5,591 CCC stocks 800 650 608 226 Manmade: Million pounds Production 852.0 832.6 883.8 861.0 Noncellulosic 826.0 806.9 861.0 832.8 Cellulosic 26.0 25.7 22.8 28.2 Total since January 1 3,354.0 4,186.6 5,070.4 5,104.4 1999 1998 ---------------------------- Mar Apr May May ---------------------------------------------------------------------- Million pounds Raw fiber imports 140.0 132.6 152.5 135.0 Noncellulosic 132.6 126.7 143.6 127.4 Cellulosic 7.4 5.6 8.9 7.6 Total since January 1 371.6 503.9 656.4 502.6 Wool and Mohair: 1,000 pounds Raw wool imports, clean 3,882 4,624 3,478 3,254 48's-and-finer 1,689 1,908 1,444 1,060 Not-finer-than-46's 1,193 2,716 2,034 2,194 Total since January 1 13,586 18,210 21,608 20,668 Wool top imports 235 208 92 152 Total since January 1 298 506 598 750 Mohair imports, clean 0 0 0 1 Total since January 1 0 0 0 1 ---------------------------------------------------------------------- NA = Not available. COTTON SYSTEM FIBER CONSUMPTION ---------------------------------------------------------------------- 1999 1998 --------------------------- Item Apr May Jun Jun ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales All consumed by mills 1/ 888 864 885 919 Total since August 1 1/ 7,887 8,731 9,616 10,434 SA annual rate 2/ 10,371 10,299 10,364 10,946 SA daily rate 2/ 39.9 39.6 39.9 41.9 Daily rate 40.4 41.1 40.2 41.8 Upland consumed by mills 1/ 875 850 872 909 Total since August 1 1/ 7,757 8,607 9,479 10,329 SA daily rate 2/ 39.3 38.9 39.3 41.5 Daily rate 39.8 40.5 39.7 41.3 Spindles in place 5,225 5,160 5,158 5,451 Active spindles 4,794 4,660 4,694 5,146 100 percent cotton 2,553 2,530 2,514 2,645 100 percent manmade 770 750 752 776 Blends 1,471 1,380 1,428 1,725 Percent Cotton's share of fibers 79.2 78.5 78.9 78.5 Manmade: 1,000 pounds Total consumed by mills 1/ 112,096 113,797 113,290 120,499 Total since August 1 1/ 971,356 1,085,152 1,198,442 1,368,572 Daily rate 5,095 5,419 5,150 5,477 Noncellulosic staple 4,768 5,094 4,852 5,027 Cellulosic staple 327 325 298 450 ---------------------------------------------------------------------- 1/ Adjusted to calendar month. 2/ SA = seasonally adjusted. FIBER EXPORTS ---------------------------------------------------------------------- 1999 1998 -------------------------- Item Mar Apr May May ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales Upland exports 177 137 231 451 Total since August 1 3,145 3,282 3,513 5,658 Sales for next season 181 109 187 353 Total since August 1 428 537 721 1,199 ELS exports 44.6 32.1 25.2 26.4 Total since August 1 184.1 216.2 241.4 399.3 Sales for next season 21.3 22.3 5.7 13.2 Total since August 1 50.3 72.6 78.3 123.1 Manmade: Million pounds Raw fiber exports 82.1 79.5 87.6 93.4 Noncellulosic 78.7 77.2 84.8 89.9 Cellulosic 3.4 2.3 2.8 3.5 Total since January 1 230.8 310.3 397.9 421.6 Wool and Mohair: 1,000 pounds Raw wool exports, clean 145.7 496.7 218.4 156.2 Total since January 1 279.1 775.8 994.2 725.3 Wool top exports 386.6 792.9 513.2 375.8 Total since January 1 1,144.3 1,937.2 2,450.4 1,355.1 Mohair exports, clean 311.1 492.4 381.0 96.2 Total since January 1 733.4 1,225.8 1,606.8 926.5 ---------------------------------------------------------------------- FIBER PRICES ---------------------------------------------------------------------- 1999 1998 --------------------------- Item May Jun Jul Jul ---------------------------------------------------------------------- Cents per pound Domestic cotton prices: Adjusted World Price 45.39 43.38 39.07 56.06 Oct'99 futures 58.53 56.18 50.76 72.53 Dec'99 futures 58.59 56.24 51.46 72.11 Upland spot 41-34 55.54 53.74 49.23 74.18 Pima spot 03-46 82.73 82.50 82.50 104.00 Avg. price received by: Upland producers 56.10 55.50 54.90 68.00 Mill delivered: Cotton Actual 63.17 60.87 56.24 83.62 Raw fiber equivalent 70.19 67.63 62.49 92.91 Rayon staple Actual 100.00 98.00 95.00 110.00 Raw fiber equivalent 104.17 102.08 98.96 114.58 Polyester staple Actual 50.00 51.00 52.00 62.00 Raw fiber equivalent 52.08 53.13 54.17 64.58 Price ratios Percent Cotton/rayon 67.4 66.3 63.1 81.1 Cotton/polyester 134.8 127.3 115.4 143.9 Northern Europe cotton quotes: Cents per pound A Index 59.85 58.68 54.56 69.36 Memphis Territory NQ NQ NQ 81.35 California/Arizona 65.31 64.25 59.05 NQ B Index NQ NQ NQ NQ Orleans/Texas NQ NQ NQ 77.10 Wool prices (clean): Dollars per pound U.S. 56's 0.65 0.65 0.62 0.88 Australian 56's 1/ 1.36 1.33 1.32 NQ U.S. 60's 0.87 0.92 0.89 1.32 Australian 60's 1/ 1.43 1.38 1.38 NQ U.S. 64's 1.17 1.22 1.16 1.60 Australian 64's 1/ 1.50 1.49 1.52 N ----------------------------------------------------------------------- NQ = No quotes. 1/ In bond, Charleston, SC. TEXTILE TRADE ---------------------------------------------------------------------- 1999 1998 ---------------------------- Item Mar Apr May May ---------------------------------------------------------------------- Imports: 1,000 pounds 1/ Yarn, thread, and fabric 246,340 229,100 223,530 222,378 Cotton 101,927 97,485 93,422 97,267 Linen 27,186 19,677 18,267 16,609 Wool 4,303 3,853 4,395 4,336 Silk 752 734 742 669 Manmade 112,172 107,351 107,404 103,497 Apparel 552,573 530,524 550,663 513,119 Cotton 400,118 337,526 350,772 309,517 Linen 14,830 12,038 11,292 10,944 Wool 12,926 12,404 13,030 16,985 Silk 12,527 10,337 8,928 8,833 Manmade 112,172 158,209 166,641 166,840 House furnishings 59,740 57,604 51,105 44,302 Cotton 44,522 43,113 37,531 33,935 Linen 338 197 239 159 Wool 84 102 67 85 Silk 40 128 43 29 Manmade 14,792 14,064 13,225 10,094 Floor covering 34,615 33,900 34,591 29,026 Cotton 4,964 5,335 3,939 4,279 Linen 5,202 4,752 3,814 3,914 Wool 9,285 8,667 11,284 9,586 Silk 775 432 604 539 Manmade 14,089 14,714 14,950 10,708 Total imports 2/ 972,025 858,369 867,545 815,740 Cotton 555,799 487,776 489,637 448,514 Linen 47,621 36,698 33,656 31,689 Wool 26,688 25,156 28,977 31,080 Silk 14,094 11,631 10,317 10,070 Manmade 327,822 297,108 304,959 294,388 Exports: 1,000 pounds 1/ Yarn, thread, and fabric 192,556 188,123 189,105 172,454 Cotton 75,160 72,490 71,872 58,672 Linen 5,714 5,748 5,299 5,122 Wool 5,577 5,950 5,714 4,505 Silk 2,034 2,310 2,319 1,892 Manmade 104,071 101,625 103,901 102,263 Apparel 172,575 173,172 165,307 170,245 Cotton 105,259 108,985 102,545 101,578 Linen 1,770 2,069 1,911 1,678 Wool 7,450 6,418 6,223 8,851 Silk 4,102 3,647 3,924 3,359 Manmade 53,994 52,053 50,704 54,779 House furnishings 6,972 5,607 5,346 6,662 Cotton 4,255 3,386 3,166 3,928 Linen 245 166 148 334 Wool 57 54 59 88 Silk 120 109 117 180 Manmade 2,295 1,892 1,856 2,132 Floor covering 38,948 35,306 33,692 39,340 Cotton 3,029 2,733 2,451 3,678 Linen 1,819 1,608 1,456 2,004 Wool 3,657 3,262 3,564 3,392 Silk 93 84 75 121 Manmade 30,350 27,619 26,146 30,145 Total exports 2/ 411,427 402,462 393,675 388,965 Cotton 187,784 187,670 180,087 167,923 Linen 9,558 9,598 8,819 9,146 Wool 16,761 15,696 15,575 16,850 Silk 6,349 6,150 6,434 5,552 Manmade 190,974 183,347 182,760 189,495 ---------------------------------------------------------------------- 1/ Raw fiber equivalent. 2/ Includes headgear. U.S. COTTON TEXTILE IMPORTS ---------------------------------------------------------------------- 1999 1998 ----------------------------- Item Mar Apr May May ---------------------------------------------------------------------- 1,000 pounds 1/ North America 254,320 216,967 230,366 193,339 Canada 22,133 21,313 21,541 18,492 Costa Rica 9,381 8,356 8,790 6,786 Dominican Republic 25,964 21,648 22,836 19,820 El Salvador 18,452 17,838 17,790 14,362 Guatemala 11,394 10,014 9,409 7,807 Haiti 3,940 3,645 3,821 2,516 Honduras 38,759 27,449 34,804 25,689 Jamaica 5,170 3,561 4,484 6,053 Mexico 114,581 100,336 103,602 88,151 Nicaragua 4,038 3,259 2,938 3,260 South America 8,576 7,704 8,030 6,324 Argentina 25 16 3 16 Brazil 2,414 1,856 1,736 1,490 Chile 21 17 23 22 Colombia 3,009 2,643 3,386 2,609 Peru 2,654 2,660 2,487 1,771 Europe 29,986 30,222 29,693 26,214 Estonia 483 627 689 641 France 728 535 508 466 Germany 834 799 815 563 Italy 3,466 2,919 3,125 2,906 Portugal 2,074 3,714 3,987 3,374 Russia 740 994 1,051 867 Spain 1,007 1,254 1,177 1,097 Turkey 15,684 14,438 13,666 11,833 United Kingdom 1,244 1,091 812 989 Asia 244,144 219,342 207,504 206,407 Bahrain 1,311 778 702 843 Bangladesh 15,158 13,768 12,390 12,875 China 31,704 28,329 28,921 28,796 Hong Kong 20,373 21,899 26,992 23,776 India 37,978 30,534 24,106 24,885 Indonesia 12,380 11,213 11,707 14,084 Israel 3,191 3,365 2,932 2,046 Japan 1,373 1,188 1,275 1,266 Macao 5,016 4,059 4,627 3,994 Malaysia 6,406 5,217 5,236 3,408 Nepal 2,653 1,863 1,320 1,051 Oman 2,079 1,569 1,502 1,182 Pakistan 31,648 32,059 27,189 33,578 Philippines 10,973 8,579 9,010 8,642 Qatar 1,226 964 1,092 1,393 Singapore 2,712 2,031 2,137 1,635 South Korea 8,930 8,542 8,377 8,166 Sri Lanka 10,006 7,941 5,482 6,103 Taiwan 10,896 10,467 12,169 11,130 Thailand 11,203 11,385 9,173 9,808 U Arab Em 2,840 2,496 2,248 2,089 Oceania 2,003 1,377 1,682 1,610 Australia 939 674 760 927 Fiji 768 532 663 606 Africa 16,769 12,164 12,363 14,620 Egypt 7,963 4,864 6,211 7,781 Lesotho 1,859 1,462 1,457 1,117 Mauritius 2,298 1,766 1,669 1,399 Morocco 1,070 1,183 797 1,415 South Africa 1,305 991 840 843 Tunisia 153 41 85 95 World 2/ 555,799 487,776 489,637 448,514 ---------------------------------------------------------------------- 1/ Raw fiber equivalent. 2/ Totals may not add due to rounding. U.S. COTTON TEXTILE EXPORTS ---------------------------------------------------------------------- 1999 1998 ----------------------------- Country Mar Apr May May ---------------------------------------------------------------------- 1,000 pounds 1/ North America 165,363 167,401 161,740 140,821 Canada 30,699 28,855 28,682 27,498 Costa Rica 6,370 6,565 8,140 7,599 Dominican Republic 16,746 17,232 17,473 16,721 El Salvador 7,275 5,992 6,034 6,371 Guatemala 3,673 3,699 4,267 2,839 Haiti 1,891 2,353 1,930 2,262 Honduras 24,557 25,874 25,274 20,186 Jamaica 3,338 3,265 2,156 4,939 Mexico 69,015 71,929 65,884 50,403 South America 3,814 3,731 3,538 5,124 Argentina 170 203 111 269 Brazil 210 263 253 398 Chile 655 572 484 872 Colombia 1,262 1,458 1,938 1,671 Peru 135 49 42 113 Venezuela 1,060 864 383 1,310 Europe 8,281 7,508 6,615 12,208 Belgium 2,145 2,152 1,601 3,294 France 311 426 293 758 Germany 797 645 959 1,011 Ireland 86 105 155 880 Italy 316 331 269 566 Netherlands 511 368 294 678 United Kingdom 2,735 2,269 1,886 3,770 Asia 8,783 7,797 6,941 8,149 China 342 251 322 280 Hong Kong 1,093 1,047 864 925 Israel 785 286 420 Japan 3,753 3,530 3,059 3,129 Philippines 568 345 231 389 Saudi Arabia 361 423 260 586 Singapore 298 321 259 357 South Korea 269 338 265 206 Taiwan 253 281 279 253 U Arab Em 236 242 227 249 Oceania 751 691 772 879 Australia 486 563 539 627 New Zealand 145 31 82 90 Africa 792 544 481 742 Egypt 22 22 46 6 Ghana 53 33 35 10 Ivory Coast 21 35 13 8 Nigeria 341 132 129 259 South Africa 106 99 46 150 World 2/ 187,784 187,670 180,087 167,923 ---------------------------------------------------------------------- 1/ Raw fiber equivalent. 2/ Totals may not add due to rounding. PRELIMINARY 1999 ACREAGE, YIELD, AND PRODUCTION ESTIMATES ------------------------------------------------------------------- State/ Region Planted Harvested Yield Production ------------------------------------------------------------------- Lbs./ 1,000 1,000 acres harvested acre bales Upland: Alabama 570 560 711 830 Florida 89 88 524 96 Georgia 1,500 1,450 629 1,900 N. Carolina 880 870 687 1,245 S. Carolina 320 315 686 450 Virginia 110 109 819 186 Southeast 3,469 3,392 666 4,707 Arkansas 940 930 743 1,440 Louisiana 570 565 697 820 Mississippi 1,200 1,180 773 1,900 Missouri 450 445 593 550 Tennessee 600 595 589 730 Delta 3,760 3,715 703 5,440 Kansas 29 28 411 24 Oklahoma 225 190 531 210 Texas 5,900 5,000 509 5,300 Southwest 6,154 5,218 509 5,534 Arizona 240 239 1,115 555 California 590 585 1,067 1,300 New Mexico 70 67 716 100 West 900 891 1,053 1,955 Total Upland 14,283 13,216 641 17,636 Pima: Arizona 11 11 776 18 California 260 259 1,075 580 New Mexico 7 7 651 10 Texas 40 39 738 60 Total Pima 318 316 1,013 668 Total All 14,601 13,532 649 18,304 ------------------------------------------------------------------- Based on USDA's August Crop Production report. END_OF_FILE