Us Downgrades Forecast Value Of Global Cotton End Inventory In 2012/13

< p > according to the report issued by the Advisory Committee (ICAC) of the international < a href= "//www.sjfzxm.com/news/" > cotton > /a >, the US Department of agriculture (USDA) made relevant forecast adjustments on the global cotton supply and demand data in the 2012/13 year.

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< p > 2013 (March 8th), USDA released the latest monthly report on global cotton supply and demand forecast. It pointed out that the end of the year 2012/13 (end of July) was forecast to be 81 million 700 thousand packages (480 pounds per pack).

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< p > based on the strong demand for export and shipment in recent weeks, the US cotton export volume in 2012/13 is expected to increase by 250 thousand packs, higher than the previous forecast, reaching 12 million 750 thousand packages, and the final inventory is expected to be 4 million 200 thousand bales.

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The global cotton production in P > 2012/13 is expected to increase by more than 900 thousand packages, higher than the forecast in February, which is expected to reach 119 million 870 thousand packages, of which China's mainland output is expected to increase by 1 million packs, and the output of Uzbek, Mexico and Turkmen is also increasing, but the output of Pakistan and Brazil is reduced.

Consumption in mainland China, India and Bangladesh is expected to increase.

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< p > Global a href= "//www.sjfzxm.com" > cotton exports < /a > volume is expected to increase by nearly 1 million 500 thousand packages, reaching 41 million 920 thousand packages, mainly in India, the United States, Australia, Turkmenistan and Uzbek exports increased, but Pakistan exports fell.

Imports from mainland China, Pakistan and Bangladesh are expected to increase.

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< p > early March, ICAC pointed out that China's cotton buying boom continued, but when reserves were sufficient to supply the country's consumption, it might reduce the purchase and purchase.

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< p > ICAC said that mainland China purchased 3 million 120 thousand tons of cotton as a national reserve last year. In the 2012/13 year, the end of China's cotton inventory is expected to reach 8 million tons, equivalent to 47% of global inventories.

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< p > ICAC indicated that cotton reserves in mainland China continued to increase rapidly in 2012/13 and increased by nearly 6 million tons between September 2012 and January 2013.

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< p > ICAC reports that the establishment of China's cotton reserve policy is aimed at protecting the interests of cotton farmers who produce their main agricultural products.

The cotton end inventory occupancy ratio is expected to be 0.97 this year.

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< p > in addition, mainland China's a href= "//www.sjfzxm.com/news/index_c.asp" > cotton reserves < /a > almost enough to meet consumption needs. This indicates that cotton reserves may slow down in the coming months, and the total import is expected to be 2 million 900 thousand tons this year.

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