Record Global Supply Drives Record Stocks Outside of China · 2020-05-12 · All top ten consuming countries are expected to witness growth as uncertainties regarding the pandemic

For an email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/new

Approved by the World Agricultural Outlook Board/USDA

Record Global Supply Drives Record Stocks Outside of China

USDA’s first forecast for the 2020/21 marketing year shows record global supply driving use higher as

countries begin to recover from the COVID-19 pandemic (See the April 2020 circular entitled “COVID-

19 Spurs Record Downward Adjustments to Global Demand” for more information regarding COVID-

19’s effects on global cotton demand). Global consumption is expected to rebound 11 percent to more

than 116 million bales from the largest recorded drop in USDA’s PS&D database; however, use is

projected only slightly above the 5-year average.

All top ten consuming countries are expected to witness growth as uncertainties regarding the pandemic

diminish. China and India are forecast to expand consumption by 7 million bales combined, accounting

for more than two-thirds of growth in global use. Lingering disruptions are expected to cap global use

to below levels witnessed 2 and 3 years prior when global consumption registered at more than 120

million bales.

Spending on cotton products including clothing and home furnishings is highly correlated to changes in

GDP. Recovery in global cotton demand will depend on reopening of retail outlets and employment

conditions in each country. Global cotton end-use (e.g., world retail sales of cotton clothing and

furnishings) in 2019/20 has plummeted due to consumer reluctance to congregate in stores, lost income,

widespread stay-at-home orders, and the closure of many “non-essential” businesses including apparel

stores.

Global ending stocks are forecast slightly higher with the 2021’s third-largest-ever carryin expected to

boost global reserves to nearly 100 million bales, almost 20 million bales above 2 years earlier.

United States

Department of

Agriculture

Foreign Agricultural Service May 2020

Cotton:

World Markets and Trade

0

20

40

60

80

100

120

Mil

lio

n B

ale

s

World Ending Stocks Up 2%

Others 10%

Pakistan 12%

United States 8%

Brazil -1%

India 9%

China -6% 0

20

40

60

80

100

120

140

2016/17 2017/18 2018/19 2019/20 2020/21

Mil

lio

n B

ale

s

World Consumption Up 11%

China 12% India 15% Pakistan 17%

Bangladesh 8% Turkey 9% Others 7%

https://public.govdelivery.com/accounts/USDAFAS/subscriber/new

https://downloads.usda.library.cornell.edu/usda-esmis/files/kp78gg36g/34850214n/w9505k169/cotton.pdf

https://downloads.usda.library.cornell.edu/usda-esmis/files/kp78gg36g/34850214n/w9505k169/cotton.pdf

Although China is forecast to account for roughly one-third of global stocks, this is a historically low

percentage. Government reserves are expected to remain at near current levels and well below the 5-

year average. However, private inventories will remain high.

Stocks outside of China in 2020/21 are forecast

to break the current year’s record. India has

accumulated over half the increase in stocks

since 2018/19 as its price support program

builds stocks.

World trade is expected to expand significantly

in 2020/21. The United States, Brazil, and India

are expected to capture the lion’s share of the

expanded export opportunities. All three

countries will have record or near-record

exportable supplies due to large crops and very

large carryin stocks.

Expanded world trade will be driven by higher import demand resulting from the recovery in

consumption. Imports in nearly all major importing countries are expected to rise. China’s imports are

expected to expand by nearly 20 percent, owing to a continuing shift in its State Reserve policy. Instead

of reducing stocks, the Reserve’s objective is to rotate its stocks and thereby indirectly drive greater

import demand as it reduces net sales from the Reserve. Pakistan imports are also expected to grow

sharply as use recovers while production remains at a lower level. Large carryin stocks in India and

Turkey are projected to dampen import demand and thereby offset year-over-year growth.

The U.S. season-average farm price for 2020/21 is forecast at 57 cents per pound, 2 cents below the

2019/20 price.

20

25

30

35

40

45

50

55

60

65

70

2016/17 2017/18 2018/19 2019/20 2020/21M

illi

on B

ales

Stocks (Less China) Reach Record High

0

10

20

30

40

50

2016/17 2017/18 2018/19 2019/20 2020/21

Mil

lio

n B

ale

s

World Exports Up 7%

United States 7% Brazil 5%

India 41% Greece 5%

Mali 11% Others 1%

0

10

20

30

40

50

2016/17 2017/18 2018/19 2019/20 2020/21

Mil

lio

n B

ale

s

World Imports Up 9%

China 27% Bangladesh 6% Vietnam 7%

Pakistan 47% Turkey -4% Others -6%

Foreign Agricultural Service/USDA 2 May 2020Global Market Analysis

2019/20 Overview

For 2019/20, the May forecast shows lower global consumption and trade with sharply higher ending

stocks. Consumption has been lowered more than 5 million bales this month and over 13 million since

the March 2020 forecast due to the ongoing effects of COVID-19. Lower global trade reflects these

downward revisions; global ending stocks are up nearly 6 million bales from last month, reflecting

collapsing use. The U.S. forecast has higher production and lower consumption with higher ending

stocks. The U.S. season-average farm price is unchanged at 59 cents per pound.

For current prices received by farmers click here; NASS farm price

Prices

The A-index and U.S. spot price have edged up slightly from April’s WASDE owing to stronger

financial markets including the S&P Retail Index, in addition to market speculation regarding purchases

for U.S. cotton. The April A-Index was the lowest monthly average in 11 years, reflecting the severe

expected impacts from COVID-19 on global cotton demand.

For more information on U.S. spot price click here; AMS Cotton Market News


https://usda.library.cornell.edu/concern/publications/c821gj76b?locale=en

http://www.ams.usda.gov/market-news/cotton

2019/20 Outlook

Major Exporters:

April May Month

Change

%

Change

World 40,639 40,049 -590 -1.5

India 3,300 3,200 -100 -3.0

Major Importers:

April May Month

Change

%

Change

World 40,678 39,328 -1,400 -3.3

Pakistan 3,700 3,200 -500 -13.5

Bangladesh 6,900 6,600 -300 -4.3

Turkey 4,000 3,800 -200 -5.0

Thailand 875 700 -175 -20

Mexico 700 600 -100 -14.3

Taiwan 500 400 -100 -20

Vietnam 6,400 6,500 100 1.6

Major Consumers:

April May Month

Change

%

Change

World 110,583 104,998 -5,585 -5.1

India 22,000 20,500 -1,500 -6.8

Pakistan 10,100 9,000 -1,100 -10.9

China 35,000 34,000 -1000 -2.9

Bangladesh 6,900 6,500 -400 -5.8

Turkey 6,800 6,400 -400 -5.9

Brazil 3,300 3,100 -200 -6.1

United

States 2,900 2,700 -200 -6.9

Uzbekistan 3,150 3,000 -150 -4.8

Taiwan 515 400 -115 -22.3

Indonesia 2,800 2,700 -100 -3.6

Mexico 1,850 1,750 -100 -5.4

Thailand 850 750 -100 -11.8


The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database

for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand

Estimates (WASDE) report is released. This circular is released by 12:15 p.m.

FAS Reports and Databases:

Current World Market and Trade and World Agricultural Production Reports:

https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads

Archives World Market and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7

Production, Supply and Distribution Database (PSD Online):

https://apps.fas.usda.gov/psdonline/app/index.html#/app/home

Global Agricultural Trade System (U.S. Exports and Imports):

http://apps.fas.usda.gov/gats/default.aspx

Export Sales Report:

http://apps.fas.usda.gov/esrquery/

Global Agricultural Information Network (Agricultural Attaché Reports):

http://gain.fas.usda.gov/Pages/Default.aspx

Other USDA Reports:

World Agricultural Supply and Demand Estimates (WASDE):

http://www.usda.gov/oce/commodity/wasde/

Economic Research Service:

http://www.ers.usda.gov/topics/crops

National Agricultural Statistics Service:

http://www.nass.usda.gov/Publications/

Questions may be directed to:

James Johnson (202) 690-1546 ([email protected])

Graham Soley (202) 772-4235 ([email protected])


https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7

https://apps.fas.usda.gov/psdonline/app/index.html#/app/home

http://apps.fas.usda.gov/gats/default.aspx

http://apps.fas.usda.gov/esrquery/

http://gain.fas.usda.gov/Pages/Default.aspx

http://www.usda.gov/oce/commodity/wasde/

http://www.ers.usda.gov/topics/crops

http://www.nass.usda.gov/Publications/

Summary of Changes in estimates and Forecasts from Last Month

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks

Production Imports Exports Use Loss Total Dom.

Cons.

Ending

Stocks

Argentina

30-200-20-25-15000 2019/20

Australia

-50000500000 2019/20

Bangladesh

102-4000-4000-300200 2019/20

Benin

75000-750000 2019/20

Brazil

200-2000-2000000-30 2019/20

Burkina

25000-250000 2019/20

Burma

-100000-10-1 2018/19

38-500-5035024-16 2019/20

Cameroon

50000-50000-10 2019/20

Central African Republic

200030500 2018/19

300080922 2019/20

Chad

15000-150000 2019/20

China

1,000-1,0000-1,00000000 2019/20

Cote d'Ivoire

-252502500000 2018/19

10505-500-10-25-17 2019/20

El Salvador

0-100-100-10000 2019/20

Ethiopia

15-250-250-10000 2019/20

Ghana


Summary of Changes in estimates and Forecasts from Last Month (Continued)

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks


Cons.

Ending

Stocks

0000-50-50-1 2018/19

00000000-1 2019/20

Greece

50000-500000 2019/20

Guinea

000040400 2019/20

India

2,600-1,5000-1,500-10001,0000300 2019/20

Indonesia

50-1000-1000-50000 2019/20

Japan

10-300-300-20000 2019/20

Kenya

30000030-5 2019/20

Malaysia

150-250-25-7550000 2019/20

Mali

25000-250000 2019/20

Mexico

0-1000-1000-100000 2019/20

Nigeria

10-100-1000000 2019/20

Pakistan

200-1,1000-1,1000-500-4000-50 2019/20

Peru

-7-100-10-3-20000 2019/20

Senegal

20002040-1 2019/20

South Africa

16000-200-40-2 2019/20

Sudan

25000-250000 2019/20


Summary of Changes in estimates and Forecasts from Last Month (Continued)

(1,000 480 lb Bales and 1,000 Ha)

Country Mktg

Year

Area

Harvested

Beginning

Stocks


Cons.

Ending

Stocks

Taiwan

11-1150-1154-100000 2019/20

Tajikistan

15000001500 2019/20

Tanzania

30000-300000 2019/20

Thailand

-75-1000-1000-175000 2019/20

Turkey

50000005000 2018/19

450-4000-4000-2002005010 2019/20

Turkmenistan

95-450-45-500000 2019/20

United States

00000000-87 2018/19

400-287-87-200001130-77 2019/20

Uzbekistan

150-1500-15000000 2019/20

Vietnam

1000000100000 2019/20

Zambia

50000-500000 2019/20

Zimbabwe

25000-250000 2019/20

World

World

2625025-20490-89 2018/19

5,898-5,672-87-5,585-590-1,35096026125 2019/20


Table 01 Cotton World Supply, Use, and Trade (Season Beginning August 1)

(1000 MT)

2015/16 2016/17 2017/18 2018/19 2019/20

May

2020/21

Production none

5,639 India 5,879 6,314 5,617 6,641 6,205

4,790 China 4,953 5,987 6,042 5,933 5,770

2,806 United States 3,738 4,555 3,999 4,336 4,246

1,289 Brazil 1,528 2,007 2,830 2,874 2,613

1,524 Pakistan 1,676 1,785 1,655 1,350 1,372

577 Turkey 697 871 816 784 795

827 Uzbekistan 811 840 713 762 740

3,485 Other 3,943 4,589 4,161 4,029 4,159

20,937 Total 23,226 26,950 25,834 26,709 25,899

USE Dom. Consumption none

7,838 China 8,382 8,927 8,600 7,403 8,274

5,389 India 5,302 5,258 5,225 4,463 5,117

2,243 Pakistan 2,243 2,373 2,330 1,960 2,286

1,372 Bangladesh 1,481 1,633 1,611 1,415 1,524

1,459 Turkey 1,426 1,622 1,502 1,393 1,524

980 Vietnam 1,176 1,437 1,524 1,372 1,481

675 Brazil 697 740 740 675 697

4,699 Other 4,587 4,736 4,665 4,180 4,454

24,654 Total 25,293 26,727 26,198 22,861 25,356

Imports none

959 China 1,096 1,243 2,099 1,633 2,068

1,388 Bangladesh 1,481 1,655 1,568 1,437 1,524

1,002 Vietnam 1,197 1,524 1,502 1,415 1,513

718 Pakistan 533 740 621 697 1,023

918 Turkey 801 876 762 827 806

640 Indonesia 738 766 664 621 664

233 India 596 365 392 435 239

1,858 Other 1,763 1,790 1,640 1,498 1,490

7,717 Total 8,205 8,959 9,248 8,563 9,328

Exports none

1,993 United States 3,248 3,544 3,214 3,266 3,484

939 Brazil 607 909 1,310 1,872 1,960

1,255 India 991 1,128 764 697 980

209 Greece 221 234 295 305 321

142 Benin 180 233 283 261 283

218 Mali 239 283 294 256 283

616 Australia 812 852 791 272 218

2,184 Other 1,948 1,870 2,000 1,791 1,819

7,555 Total 8,247 9,054 8,952 8,720 9,347

Ending Stocks none

12,345 China 9,998 8,272 7,766 7,891 7,429

1,534 India 1,716 2,009 2,028 3,944 4,292

1,243 Brazil 1,509 1,885 2,668 3,000 2,962

827 United States 599 914 1,056 1,546 1,676

569 Pakistan 504 616 543 604 675

334 Turkey 333 387 358 499 505

330 Bangladesh 355 404 388 439 468

2,446 Other 2,463 3,092 2,677 3,230 3,641

19,628 Total 17,475 17,579 17,485 21,155 21,649


Table 02 Cotton World Supply, Use, and Trade (Season Beginning August 1)

(1000 Bales)

2015/16 2016/17 2017/18 2018/19 2019/20

May

2020/21

Production none

5,920 Brazil 7,020 9,220 13,000 13,200 12,000

22,000 China 22,750 27,500 27,750 27,250 26,500

25,900 India 27,000 29,000 25,800 30,500 28,500

7,000 Pakistan 7,700 8,200 7,600 6,200 6,300

2,650 Turkey 3,200 4,000 3,750 3,600 3,650

12,888 United States 17,170 20,923 18,367 19,913 19,500

3,800 Uzbekistan 3,725 3,860 3,275 3,500 3,400

16,005 Other 18,112 21,076 19,112 18,507 19,103

96,163 Total 106,677 123,779 118,654 122,670 118,953

USE Dom. Consumption none

6,300 Bangladesh 6,800 7,500 7,400 6,500 7,000

3,100 Brazil 3,200 3,400 3,400 3,100 3,200

36,000 China 38,500 41,000 39,500 34,000 38,000

24,750 India 24,350 24,150 24,000 20,500 23,500

3,000 Indonesia 3,300 3,500 3,150 2,700 3,000

10,300 Pakistan 10,300 10,900 10,700 9,000 10,500

6,700 Turkey 6,550 7,450 6,900 6,400 7,000

3,450 United States 3,250 3,225 2,975 2,700 2,900

1,800 Uzbekistan 2,000 2,500 2,800 3,000 3,200

4,500 Vietnam 5,400 6,600 7,000 6,300 6,800

13,332 Other 12,517 12,528 12,499 10,798 11,359

113,232 Total 116,167 122,753 120,324 104,998 116,459

Imports none

6,375 Bangladesh 6,800 7,600 7,200 6,600 7,000

4,406 China 5,032 5,710 9,640 7,500 9,500

1,072 India 2,736 1,677 1,800 2,000 1,100

2,941 Indonesia 3,391 3,517 3,051 2,850 3,050

443 Malaysia 392 739 744 1,300 750

975 Mexico 1,000 925 850 600 875

3,300 Pakistan 2,450 3,400 2,850 3,200 4,700

1,275 Thailand 1,226 1,149 1,075 700 925

4,218 Turkey 3,679 4,024 3,499 3,800 3,700

4,600 Vietnam 5,500 7,000 6,900 6,500 6,950

5,839 Other 5,481 5,409 4,864 4,278 4,293

35,444 Total 37,687 41,150 42,473 39,328 42,843

Exports none

2,828 Australia 3,731 3,915 3,632 1,250 1,000

650 Benin 825 1,070 1,300 1,200 1,300

4,314 Brazil 2,789 4,174 6,018 8,600 9,000

1,080 Burkina 1,155 1,225 800 825 900

550 Cameroon 500 400 575 500 575

780 Cote d'Ivoire 625 620 895 875 925

959 Greece 1,017 1,076 1,355 1,400 1,475

5,764 India 4,550 5,182 3,511 3,200 4,500

1,000 Mali 1,100 1,300 1,350 1,175 1,300

9,153 United States 14,917 16,279 14,763 15,000 16,000

7,623 Other 6,668 6,343 6,917 6,024 5,955

34,701 Total 37,877 41,584 41,116 40,049 42,930

Ending Stocks none

1,515 Bangladesh 1,630 1,855 1,783 2,015 2,150

5,709 Brazil 6,929 8,657 12,256 13,781 13,606

56,698 China 45,919 37,993 35,670 36,245 34,120

7,044 India 7,880 9,225 9,314 18,114 19,714

2,615 Pakistan 2,315 2,830 2,495 2,775 3,100

1,533 Turkey 1,528 1,777 1,644 2,294 2,319

3,800 United States 2,750 4,200 4,850 7,100 7,700

11,235 Other 11,312 14,201 12,296 14,837 16,724

90,149 Total 80,263 80,738 80,308 97,161 99,433


Table 04 Cotton Area, Yield, and Production

From last month From last year

MBalesPercent

Yield

(Kilograms per hectare)

May 2018/19 MBales

Country / Region

Area

(Million hectares)

Production

(Million 480 lb. bales)

Change in Production

2018/19

Prel.

2019/20

Prel.

2019/20 May

Prel.

2019/20 May Percent

2020/21 Proj.2020/21 Proj. 2020/21 Proj.

2018/19

33.40World -3.03-3.72118.9534.76 33.40 773 768 775 118.65 122.67

4.04United States -2.07-0.4119.504.70 4.59 989 922 924 18.37 19.91

29.36Total Foreign -3.22-3.3099.4530.06 28.81 744 744 752 100.29 102.76

none

Western Hemisphere

1.64 Brazil -9.09-1.2012.001.67 1.55 1,726 1,721 1,686 13.00 13.20

0.24 Mexico -21.97-0.351.230.23 0.18 1,555 1,519 1,524 1.74 1.57

0.38 Argentina 0.000.001.000.36 0.35 642 605 622 1.12 1.00

0.01 Paraguay 0.000.000.020.01 0.01 416 416 416 0.02 0.02

0.02 Peru -3.850.000.050.01 0.01 1,169 1,029 1,089 0.10 0.05

0.01 Colombia 0.000.000.070.02 0.02 1,350 823 987 0.06 0.07

Africa

0.63 Burkina -2.50-0.030.980.58 0.61 294 379 348 0.85 1.00

0.73 Mali 0.000.001.350.74 0.74 381 400 397 1.27 1.35

0.39 Cote d'Ivoire 1.010.011.000.41 0.41 520 528 531 0.94 0.99

0.25 Cameroon -0.78-0.010.640.25 0.26 523 562 546 0.60 0.65

0.65 Benin 0.000.001.450.68 0.71 469 468 445 1.40 1.45

0.06 Chad 1.540.010.330.25 0.26 145 283 276 0.04 0.33

0.18 Togo -1.89-0.010.260.19 0.18 308 312 314 0.26 0.27

0.02 Senegal 20.690.010.040.02 0.02 301 395 381 0.03 0.03

0.14 Egypt -29.51-0.090.220.10 0.07 757 664 720 0.49 0.31

0.20 Zimbabwe 5.260.010.200.20 0.21 218 207 207 0.20 0.19

0.27 Nigeria 0.000.000.240.27 0.27 190 190 190 0.24 0.24

Asia Oceania

3.50 China -2.75-0.7526.503.45 3.30 1,726 1,720 1,748 27.75 27.25

12.60 India -6.56-2.0028.5013.30 12.50 446 499 496 25.80 30.50

2.30 Pakistan 1.610.106.302.45 2.20 719 551 623 7.60 6.20

0.13 Kazakhstan -14.86-0.060.320.13 0.11 587 644 623 0.35 0.37

0.18 Tajikistan -1.71-0.010.580.18 0.18 502 708 696 0.42 0.59

0.55 Turkmenistan 9.780.091.010.55 0.60 364 368 367 0.91 0.92

1.10 Uzbekistan -2.86-0.103.401.01 1.00 648 754 740 3.28 3.50

0.52 Turkey 1.390.053.650.57 0.50 1,570 1,375 1,589 3.75 3.60

0.38 Australia 172.001.081.700.06 0.18 1,261 2,268 2,056 2.20 0.63

0.03 Syria 0.000.000.140.03 0.03 1,219 1,219 1,219 0.14 0.14

0.24 Burma 0.830.010.730.25 0.24 637 641 662 0.70 0.72

Europe

0.25 Greece -2.09-0.041.640.29 0.28 1,253 1,280 1,275 1.41 1.68

1.77Others -0.86-0.033.941.85 1.85 448 468 463 3.65 3.97

Note: Yeild for Total Foreign and Others is an incorrect calculation.


(1,000 HA and 1000 480-lb. Bales)

Table 05 Cotton Supply and Distribution MY 2020/21

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 400351078545 Afghanistan 32

0 001211 Albania 1

40 00354500 Algeria 10

0 0051053 Angola 5

5 45005251,6161,000350 Argentina 641

0 000000 Armenia 0

0 1,0000352,6121,700180 Australia 1,577

15 00151800 Austria 3

0 3500100591480140 Azerbaijan 141

40 00404800 Bahrain 8

7,000 0107,0009,16014545 Bangladesh 2,150

40 00404600 Belarus 6

30 100203600 Belgium-Luxembour 6

0 1,3000151,9181,450710 Benin 603

2 00101484 Bolivia 4

25 9,00003,20025,80612,0001,550 Brazil 13,606

25 003542102 Bulgaria 7

0 9000251,405975610 Burkina 480

50 5007251,057730240 Burma 282

1 001200 Cambodia 1

0 575020909640255 Cameroon 314

2 002200 Canada 0

0 4000564134 Central African Republic 16

0 225010536330260 Chad 301

0 000000 Chile 0

9,500 125038,00072,24526,5003,300 China 34,120

45 001151526815 Colombia 37

2 0017211530 Congo (Kinshasa) 4

45 00455811 Costa Rica 13

0 9250301,3521,000410 Cote d'Ivoire 397

0 000000 Croatia 0

10 00141644 Cuba 2

0 000000 Cyprus 0

7 007900 Czech Republic 2

0 000000 Denmark 0


(1,000 HA and 1000 480-lb. Bales)

Table 05 Cotton Supply and Distribution MY 2020/21 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

1 004534 Dominican Republic 1

60 00609093 Ecuador 30

550 2001056095921565 Egypt 189

165 0016522011 El Salvador 55

15 00151800 Estonia 3

20 5027535024082 Ethiopia 70

35 00354300 France 8

70 00759100 Germany 16

0 15010372815 Ghana 12

30 1,47525901,9301,640280 Greece 340

135 0013518532 Guatemala 50

0 1800211813 Guinea 3

5 00101157 Haiti 1

26 00303542 Honduras 5

5 500800 Hong Kong 3

3 300300 Hungary 0

1,100 4,500023,50047,71428,50012,500 India 19,714

3,050 503,0003,73333 Indonesia 728

250 0052569527580 Iran 170

35 0050731510 Iraq 23

0 000000 Ireland 0

2 350449354 Israel 10

145 5013019600 Italy 61

220 0022526400 Japan 39

0 250060493315110 Kazakhstan 183

15 0040642826 Kenya 24

95 001402155519 Korea, North 75

550 5055068100 Korea, South 126

0 1050013511518 Kyrgyzstan 30

7 106900 Latvia 2

5 005600 Lebanon 1

80 008511000 Lesotho 25

0 000000 Lithuania 0

5 005600 North Macedonia 1

0 10020453020 Madagascar 15


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 80051649080 Malawi 79

750 40003751,89600 Malaysia 1,121

0 1,3000251,9711,350740 Mali 646

120 0011514600 Mauritius 31

875 250251,8502,8851,225175 Mexico 760

50 00507200 Moldova 22

30 00303911 Morocco 9

0 10505201115125 Mozambique 91

15 00151700 Netherlands 2

0 90112104 Nicaragua 2

0 6031495 Niger 5

10 600185354235270 Nigeria 109

4,700 1502510,50013,7756,3002,200 Pakistan 3,100

0 000000 Panama 0

10 15015382111 Paraguay 8

250 203003805010 Peru 78

65 00658521 Philippines 20

17 00172000 Poland 3

175 0016522600 Portugal 61

1 001200 Romania 1

75 00859900 Russia 14

0 3500423520 Senegal 7

8 0081000 Serbia 2

3 300400 Singapore 1

1 001100 Slovakia 0

8 0081000 Slovenia 2

3 001011712 Somalia 1

50 13009046220040 South Africa 242

10 27502035230065 Spain 57

5 00101255 Sri Lanka 2

0 475070844600200 Sudan 299

0 000000 Sweden 0

2 002300 Switzerland 1

0 7006519414025 Syria 59

425 5042555900 Taiwan 129


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 3750801,021575180 Tajikistan 566

0 1900160825440440 Tanzania 475

925 0258501,03121 Thailand 156

0 235015362260180 Togo 112

20 003035102 Tunisia 5

3,700 32507,0009,6443,650500 Turkey 2,319

0 20008001,6591,010600 Turkmenistan 659

0 150015308170100 Uganda 143

5 005600 Ukraine 1

2 002300 United Kingdom 1

5 16,00052,90026,60519,5004,593 United States 7,700

0 000000 Uruguay 0

0 10003,2004,7583,4001,000 Uzbekistan 1,458

15 00951358515 Venezuela 40

6,950 006,8008,34431 Vietnam 1,544

0 3025342818 Yemen 6

0 18005518200120 Zambia 333

0 1751030384200210 Zimbabwe 169

World

42,843 42,930135116,459258,957118,95333,402 World 99,433


(1000 MT and 1000 HA)

Table 05A Cotton Supply and Distribution MY 2020/21

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 908231945 Afghanistan 7

0 000001 Albania 0

9 0081000 Algeria 2

0 001213 Angola 1

1 980114352218350 Argentina 140

0 000000 Armenia 0

0 21808569370180 Australia 343

3 003400 Austria 1

0 76022129105140 Azerbaijan 31

9 0091000 Bahrain 2

1,524 021,5241,9943245 Bangladesh 468

9 0091000 Belarus 1


0 28303418316710 Benin 131

0 002324 Bolivia 1

5 1,96006975,6192,6131,550 Brazil 2,962

5 008922 Bulgaria 2

0 19605306212610 Burkina 105

11 110158230159240 Burma 61

0 000000 Cambodia 0

0 12504198139255 Cameroon 68

0 000000 Canada 0


0 490211772260 Chad 66

0 000000 Chile 0

2,068 2708,27415,7305,7703,300 China 7,429

10 0025331515 Colombia 8


10 00101301 Costa Rica 3

0 20107294218410 Cote d'Ivoire 86

0 000000 Croatia 0

2 003314 Cuba 0

0 000000 Cyprus 0


0 000000 Denmark 0


(1000 MT and 1000 HA)

Table 05A Cotton Supply and Distribution MY 2020/21 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country


13 00132023 Ecuador 7

120 4421222094765 Egypt 41

36 00364801 El Salvador 12

3 003400 Estonia 1

4 1060765282 Ethiopia 15

8 008900 France 2

15 00162000 Germany 3

0 3028615 Ghana 3

7 321520420357280 Greece 74

29 00294012 Guatemala 11

0 4005413 Guinea 1

1 002217 Haiti 0

6 007812 Honduras 1


1 100100 Hungary 0

239 98005,11710,3896,20512,500 India 4,292

664 1065381313 Indonesia 159

54 001141516080 Iran 37

8 001116310 Iraq 5

0 000000 Ireland 0

0 8011184 Israel 2

32 10284300 Italy 13

48 00495700 Japan 8

0 5401310769110 Kazakhstan 40

3 00914626 Kenya 5

21 0030471219 Korea, North 16

120 1012014800 Korea, South 27

0 2300292518 Kyrgyzstan 7

2 001200 Latvia 0

1 001100 Lebanon 0

17 00192400 Lesotho 5



0 20410720 Madagascar 3


(1000 MT and 1000 HA)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 1701362080 Malawi 17

163 8708241300 Malaysia 244

0 28305429294740 Mali 141

26 00253200 Mauritius 7

191 545403628267175 Mexico 165

11 00111600 Moldova 5

7 007801 Morocco 2

0 23014425125 Mozambique 20



0 101325 Niger 1

2 130407751270 Nigeria 24

1,023 3352,2862,9991,3722,200 Pakistan 675

0 000000 Panama 0

2 3038511 Paraguay 2

54 0065831110 Peru 17


4 004400 Poland 1

38 00364900 Portugal 13

0 000000 Romania 0

16 00192200 Russia 3

0 8009820 Senegal 2

2 002200 Serbia 0


0 000000 Slovakia 0

2 002200 Slovenia 0

1 0022212 Somalia 0

11 280201014440 South Africa 53

2 6004776565 Spain 12

1 002315 Sri Lanka 0

0 103015184131200 Sudan 65

0 000000 Sweden 0


0 15014423025 Syria 13

93 109312200 Taiwan 28


(1000 MT and 1000 HA)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 82017222125180 Tajikistan 123

0 4103518096440 Tanzania 103

201 0518522401 Thailand 34

0 51037957180 Togo 24

4 007822 Tunisia 1

806 7101,5242,100795500 Turkey 505

0 440174361220600 Turkmenistan 143

0 33036737100 Uganda 31

1 001100 Ukraine 0


1 3,48416315,7934,2464,593 United States 1,676

0 000000 Uruguay 0

0 2206971,0367401,000 Uzbekistan 317

3 0021291915 Venezuela 9

1,513 001,4811,81711 Vietnam 336

0 1057618 Yemen 1

0 390111344120 Zambia 73

0 38278444210 Zimbabwe 37

World

9,328 9,3472925,35656,38225,89933,402 World 21,649


(1,000 HA and 1000 480-lb. Bales)

Table 06: Cotton Supply and Distribution by Country 2019/20

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 500351079048 Afghanistan 22

0 001211 Albania 1

30 00303500 Algeria 5

0 0051052 Angola 5

0 42504801,5161,000360 Argentina 611

0 000000 Armenia 0

0 1,2500352,19762560 Australia 912

15 00151800 Austria 3

0 350080541480140 Azerbaijan 111

40 00404800 Bahrain 8

6,600 0106,5008,52514245 Bangladesh 2,015

40 00404600 Belarus 6


0 1,2000151,6831,450675 Benin 468

2 00101484 Bolivia 4

25 8,60003,10025,48113,2001,670 Brazil 13,781

25 003542102 Bulgaria 7

0 8250251,2801,000575 Burkina 430

50 400675992724246 Burma 277

1 001200 Cambodia 1

0 500020789645250 Cameroon 269

2 002200 Canada 0


0 170010386325250 Chad 206

0 000000 Chile 0

7,500 175034,00070,42027,2503,450 China 36,245

65 501201646818 Colombia 39


42 00455711 Costa Rica 12

0 8750301,257990408 Cote d'Ivoire 352

0 000000 Croatia 0

10 00141644 Cuba 2

0 000000 Cyprus 0


0 000000 Denmark 0


(1,000 HA and 1000 480-lb. Bales)

Table 06: Cotton Supply and Distribution by Country 2019/20 (Continued)

Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country


60 00658693 Ecuador 21

450 22510550979305100 Egypt 194

170 0016021411 El Salvador 54

15 00151800 Estonia 3

30 10025035025080 Ethiopia 90

40 50354800 France 8

90 1007510600 Germany 21

0 20010392815 Ghana 9

25 1,40025801,7651,675285 Greece 260

150 0014018732 Guatemala 47

0 1800211812 Guinea 3

5 00101157 Haiti 1

26 00303542 Honduras 5


3 300300 Hungary 0

2,000 3,200020,50041,81430,50013,300 India 18,114

2,850 502,7003,38533 Indonesia 680

250 0050067027580 Iran 170

35 0050731510 Iraq 23

0 000000 Ireland 0

2 400456435 Israel 12

160 5012518100 Italy 51

210 0020024400 Japan 44

0 275060513370125 Kazakhstan 178

15 0040612825 Kenya 21

95 001402055519 Korea, North 65

585 15060074600 Korea, South 131

0 1050012511518 Kyrgyzstan 20

7 106900 Latvia 2

5 005600 Lebanon 1

90 008511500 Lesotho 30



0 10020453020 Madagascar 15


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 70051499080 Malawi 74

1,300 37503251,84600 Malaysia 1,146

0 1,1750251,8211,350735 Mali 621

120 0011514100 Mauritius 26

600 375251,7502,9351,570225 Mexico 785

70 00608200 Moldova 22

35 00354311 Morocco 8

0 9505186115125 Mozambique 86



0 6031495 Niger 5

10 300175314235270 Nigeria 109

3,200 95259,00011,8956,2002,450 Pakistan 2,775

0 000000 Panama 0

8 15014362111 Paraguay 7

220 202703525211 Peru 80


17 00172000 Poland 3

160 0015020100 Portugal 51

1 001200 Romania 1

100 0010512900 Russia 24

0 2700342916 Senegal 7

8 0081000 Serbia 2


1 001100 Slovakia 0

8 0081000 Slovenia 2

3 001011712 Somalia 1

50 10008539713128 South Africa 212

15 30002036231366 Spain 42

5 00101255 Sri Lanka 2

0 425070739600200 Sudan 244

0 000000 Sweden 0


0 5006016414025 Syria 54

400 10040054400 Taiwan 134


(1,000 HA and 1000 480-lb. Bales)


Area

Harvested

Ending

Stocks

ExportsLossUseTotal

Supply

ImportsProductio

n

Country

0 375070891585180 Tajikistan 446

0 2000165750500450 Tanzania 385

700 02575087921 Thailand 104

0 225015342265185 Togo 102

20 003035102 Tunisia 5

3,800 35006,4009,0443,600570 Turkey 2,294

0 17507251,549920545 Turkmenistan 649

0 14001529317089 Uganda 138

5 005600 Ukraine 1


5 15,000-322,70024,76819,9134,700 United States 7,100

0 000000 Uruguay 0

0 30003,0004,6583,5001,010 Uzbekistan 1,358

15 00851208515 Venezuela 35

6,500 006,3007,69131 Vietnam 1,391

0 3025342818 Yemen 6

0 12505448210130 Zambia 318

0 1251030349190200 Zimbabwe 184

World

39,328 40,04998104,998242,306122,67034,755 World 97,161


(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2019/20

Area

Harvested

Ending

Stocks

ExportsLossUseImportsProductio

n

Country

0 511082048 Afghanistan

0 000001 Albania

7 100700 Algeria

0 100112 Angola

0 133930105218360 Argentina

0 000000 Armenia

0 1992720813660 Australia

3 100300 Austria

0 2476017105140 Azerbaijan

9 200900 Bahrain

1,437 439021,4153145 Bangladesh

9 100900 Belarus

7 120400 Belgium-Luxembour

0 10226103316675 Benin

0 100224 Bolivia

5 3,0001,87206752,8741,670 Brazil

5 200822 Bulgaria

0 9418005218575 Burkina

11 6090147158246 Burma

0 000000 Cambodia

0 5910904140250 Cameroon

0 000000 Canada

0 3900934 Central African Republic

0 45370271250 Chad

0 000000 Chile

1,633 7,8913807,4035,9333,450 China

14 810261518 Colombia

0 1004330 Congo (Kinshasa)

9 3001001 Costa Rica

0 7719107216408 Cote d'Ivoire

0 000000 Croatia

2 000314 Cuba

0 000000 Cyprus

2 000200 Czech Republic

0 000000 Denmark


(1,000 Metric Tons)

Table 06A: Cotton Supply and Distribution by Country 2019/20 (Continued)

Area

Harvested

Ending

Stocks


n

Country

0 000114 Dominican Republic

13 5001423 Ecuador

98 4249212066100 Egypt

37 12003501 El Salvador

3 100300 Estonia

7 2020545480 Ethiopia

9 210800 France

20 5201600 Germany

0 2402615 Ghana

5 57305517365285 Greece

33 10003012 Guatemala

0 1400412 Guinea

1 000217 Haiti

6 100712 Honduras

1 110000 Hong Kong

1 010000 Hungary

435 3,94469704,4636,64113,300 India

621 1481058813 Indonesia

54 37001096080 Iran

8 50011310 Iraq

0 000000 Ireland

0 390195 Israel

35 11102700 Italy

46 10004400 Japan

0 396001381125 Kazakhstan

3 5009625 Kenya

21 1400301219 Korea, North

127 293013100 Korea, South

0 423002518 Kyrgyzstan

2 000100 Latvia

1 000100 Lebanon

20 7001900 Lesotho

0 000000 Lithuania

1 000100 North Macedonia

0 3204720 Madagascar


(1,000 Metric Tons)


Area

Harvested

Ending

Stocks


n

Country

0 1615012080 Malawi

283 2508207100 Malaysia

0 13525605294735 Mali

26 6002500 Mauritius

131 171825381342225 Mexico

15 5001300 Moldova

8 200801 Morocco

0 19210125125 Mozambique

3 000300 Netherlands

0 020024 Nicaragua

0 110125 Niger

2 24703851270 Nigeria

697 6042151,9601,3502,450 Pakistan

0 000000 Panama

2 2303511 Paraguay

48 1700591111 Peru

14 4001301 Philippines

4 100400 Poland

35 11003300 Portugal

0 000000 Romania

22 5002300 Russia

0 2600616 Senegal

2 000200 Serbia

1 010000 Singapore

0 000000 Slovakia

2 000200 Slovenia

1 0002212 Somalia

11 46220192928 South Africa

3 965046866 Spain

1 000215 Sri Lanka

0 5393015131200 Sudan

0 000000 Sweden

0 000000 Switzerland

0 12110133025 Syria

87 29208700 Taiwan


(1,000 Metric Tons)


Area

Harvested

Ending

Stocks


n

Country

0 9782015127180 Tajikistan

0 8444036109450 Tanzania

152 230516301 Thailand

0 22490358185 Togo

4 100722 Tunisia

827 4997601,393784570 Turkey

0 141380158200545 Turkmenistan

0 3030033789 Uganda

1 000100 Ukraine

0 000000 United Kingdom

1 1,5463,266-75884,3364,700 United States

0 000000 Uruguay

0 2966506537621,010 Uzbekistan

3 800191915 Venezuela

1,415 303001,37211 Vietnam

0 1105618 Yemen

0 69270146130 Zambia

0 40272741200 Zimbabwe

World

8,563 21,1558,7202122,86126,70934,755 World


Table 09: World Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Beginning

Stocks

Area

Harvested

Production Imports Total

Supply

Exports Use Loss Total Dom.

Cons.

Ending

Stocks

Stock to

Use %

World

2924,98487,13923486,90531,357143,48032,70379,72031,69631,057 1989/90

3227,47385,69417085,52429,560142,72730,57887,16533,15324,984 1990/91

4336,97186,55636886,18828,204151,73129,02495,23434,75827,473 1991/92

4034,51086,4006386,33725,435146,34527,06782,30732,64336,971 1992/93

3327,83385,70314385,56026,620140,15627,96777,67930,71834,510 1993/94

3832,02084,292-33084,62228,118144,43030,30086,29732,25027,833 1994/95

4740,13585,396-54485,94027,396152,92727,00493,90335,92032,020 1995/96

5144,63987,351-58587,93626,777158,76728,57990,05333,74040,135 1996/97

5749,47386,686-58187,26726,777162,93625,92992,36833,79744,639 1997/98

6252,85883,651-1,11484,76523,517160,02624,48086,07332,88549,473 1998/99

5651,14490,490-60291,09227,126168,76027,99387,90932,35052,858 1999/00

5449,56290,724-1,42492,14826,156166,44226,20989,08932,01151,144 2000/01

5854,68093,601-78194,38229,081177,36229,29798,50333,71749,562 2001/02

4947,88297,608-80498,41230,400175,89030,18891,02230,77954,680 2002/03

4948,37697,179-90998,08833,152178,70734,15096,67532,25847,882 2003/04

5660,977107,960-1,245109,20534,949203,88633,965121,54535,75948,376 2004/05

5361,906115,178-1,793116,97144,922222,00644,668116,36134,49460,977 2005/06

5162,987122,493-1,715124,20837,416222,89638,305122,68534,70561,906 2006/07

5061,878121,743-2,094123,83738,868222,48939,453120,04932,87862,987 2007/08

5661,453108,860-1,436110,29630,207200,52030,573108,06930,62261,878 2008/09

3946,179119,482-12119,49435,804201,46536,928103,08430,18761,453 2009/10

4349,288115,611119115,49234,875199,77436,297117,29833,82646,179 2010/11

6972,055103,906-210104,11645,994221,95545,423127,24436,05649,288 2011/12

8389,336107,900-343108,24346,350243,58647,630123,90134,31672,055 2012/13

9199,904109,99892109,90640,997250,89941,204120,35932,85589,336 2013/14

95106,739112,499268112,23135,948255,18636,065119,21733,86599,904 2014/15

8090,149113,496264113,23234,701238,34635,44496,16330,752106,739 2015/16

6980,263116,373206116,16737,877234,51337,687106,67729,81190,149 2016/17

6680,738122,870117122,75341,584245,19241,150123,77933,75580,263 2017/18

6780,308120,441117120,32441,116241,86542,473118,65433,40180,738 2018/19

9397,161105,09698104,99840,049242,30639,328122,67034,75580,308 2019/20

8599,433116,594135116,45942,930258,95742,843118,95333,40297,161 2020/21


Table 10: United States Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Area

Harvested

Yield Beginning

Stocks


Supply

Exports Use Loss Ending

Stocks

Stock to

Use %

United States

183,000-1638,7597,69419,290212,1967,0926883,860 1989/90

142,344-2858,6577,79318,509415,5053,0007114,748 1990/91

233,70489,6136,64619,9711317,6142,3447315,245 1991/92

304,662-19010,2505,20119,923116,2183,7047854,501 1992/93

203,530-810,4186,86220,802616,1344,6626795,173 1993/94

132,650-3811,1989,40223,2122019,6623,5307945,391 1994/95

142,6092710,6477,67520,95840817,9002,6506026,478 1995/96

223,971-811,1266,86521,95440318,9422,6097915,216 1996/97

213,8874111,3497,50022,7771318,7933,9717545,425 1997/98

273,939-39410,4014,29818,24443913,9183,8877014,324 1998/99

233,91514510,1946,75021,0049716,9683,9396805,433 1999/00

386,000-4838,8626,74021,1191617,1883,9157085,282 2000/01

407,4481807,69611,00026,3242120,3036,0007905,596 2001/02

285,3851667,27311,90024,7246717,2097,4487465,025 2002/03

173,4502116,26613,75823,6854518,2555,3858184,858 2003/04

265,4951086,69114,43626,7302923,2513,4509585,284 2004/05

266,069-2005,87117,67329,4132823,8905,4959315,586 2005/06

539,4793034,93512,95927,6761921,5886,0699125,152 2006/07

5510,0514294,58413,63428,6981219,2079,4799854,245 2007/08

386,337-2633,54113,26122,876012,82510,0519123,063 2008/09

192,947-143,55012,03718,520012,1836,3378703,049 2009/10

142,6001823,90014,37621,058918,1022,9479104,330 2010/11

223,350-1723,30011,71418,1921915,5732,6008863,829 2011/12

233,8003483,50013,02620,6741017,3143,3509993,772 2012/13

172,3502923,55010,53016,7221312,9093,8009213,051 2013/14

253,6502103,57511,24618,6811216,3192,3509393,785 2014/15

303,8001683,4509,15316,5713312,8883,6508593,268 2015/16

152,750603,25014,91720,977717,1703,8009723,848 2016/17

224,200-283,22516,27923,676320,9232,7501,0144,492 2017/18

274,850-182,97514,76322,570318,3674,2009894,043 2018/19

407,100-322,70015,00024,768519,9134,8509224,700 2019/20

417,70052,90016,00026,605519,5007,1009244,593 2020/21


Table 11: Foreign Cotton Supply and Distribution

(1,000 HA and 1000 480-lb. Bales)

Country Mktg

Year

Area

Harvested

Yield Beginning

Stocks


Supply

Exports Use Loss Ending

Stocks

Total Foreign

25,12945576,86721,767124,21830,57471,66021,98454928,405 1990/91

33,26736076,57521,558131,76029,01177,62025,12957329,513 1991/92

29,84825376,08720,234126,42227,06666,08933,26751128,142 1992/93

24,30315175,14219,758119,35427,96161,54529,84852525,545 1993/94

29,370-29273,42418,716121,21830,28066,63524,30354026,859 1994/95

37,526-57175,29319,721131,96926,59676,00329,37056229,442 1995/96

40,668-57776,81019,912136,81328,17671,11137,52654328,524 1996/97

45,586-62275,91819,277140,15925,91673,57540,66856528,372 1997/98

48,919-72074,36419,219141,78224,04172,15545,58655028,561 1998/99

47,229-74780,89820,376147,75627,89670,94148,91957426,917 1999/00

43,562-94183,28619,416145,32326,19371,90147,22958626,729 2000/01

47,232-96186,68618,081151,03829,27678,20043,56260528,121 2001/02

42,497-97091,13918,500151,16630,12173,81347,23262425,754 2002/03

44,926-1,12091,82219,394155,02234,10578,42042,49762327,400 2003/04

55,482-1,353102,51420,513177,15633,93698,29444,92670230,475 2004/05

55,837-1,593111,10027,249192,59344,64092,47155,48269628,908 2005/06

53,508-2,018119,27324,457195,22038,286101,09755,83774529,553 2006/07

51,827-2,523119,25325,234193,79139,441100,84253,50876728,633 2007/08

55,116-1,173106,75516,946177,64430,57395,24451,82775227,559 2008/09

43,2322115,94423,767182,94536,92890,90155,11672927,138 2009/10

46,688-63111,59220,499178,71636,28899,19643,23273229,496 2010/11

68,705-38100,81634,280203,76345,404111,67146,68875432,227 2011/12

85,536-691104,74333,324222,91247,620106,58768,70576030,544 2012/13

97,554-200106,35630,467234,17741,191107,45085,53678529,804 2013/14

103,08958108,65624,702236,50536,053102,89897,55474530,080 2014/15

86,34996109,78225,548221,77535,41183,275103,08966027,484 2015/16

77,513146112,91722,960213,53637,68089,50786,34975125,963 2016/17

76,538145119,52825,305221,51641,147102,85677,51376529,263 2017/18

75,458135117,34926,353219,29542,470100,28776,53874429,358 2018/19

90,061130102,29825,049217,53839,323102,75775,45874430,055 2019/20

91,733130113,55926,930232,35242,83899,45390,06175228,809 2020/21


Documents

Record Global Supply Drives Record Stocks Outside of China · 2020-05-12 · All top ten consuming countries are expected to witness growth as uncertainties regarding the pandemic