Recently, the world agriculture prospect Bureau (WAOB) released its August 2012.

Supply and demand estimation.

Cotton supply and demand in the US 2012/2013 cotton season is higher than last month, including output and final inventory.

Output increased by 651 thousand packs, reaching 17 million 700 thousand packages, with an increase of nearly 4%.

According to the first crop survey conducted by the US Department of agriculture (USDA), the amount of cotton used in the United States remains unchanged.

It is predicted that the US

Up to 12 million 100 thousand packages, the final inventory is forecast to reach 5 million 500 thousand packages, about 35% of the total consumption.

During the 2012/2013 cotton marketing season, the average price of cotton sold by manufacturers decreased by 1%, about 61 cents / pound ~79 cents / pound.

The global cotton market will continue to maintain large supply and final inventory in 2012/2013.

Compared with initial inventory, China's final inventory rose nearly 2 million packs, which is the result of 2011/2012 adjustment.

In 2011/2012, cotton imports increased and consumption decreased in China.

At the same time, China's high inventory is offset by low initial stocks in Australia, Malaysia, Pakistan and other countries, so the net stock growth in the world is 1 million 100 thousand packs.

The output of cotton in the US, Burkina Faso, Ma Lan and China has risen, but it has been offset by the low output of India, Brazil, Argentina and other countries.

The forecast reaches 300 thousand packs.

As cotton consumption in China and Pakistan has been reduced, the world's cotton consumption will be reduced by 820 thousand bales.