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U.S. and World Cotton Economic Outlook July 2013 Prepared by: Economic Services National Cotton Council. Macroeconomic Environment. U.S. Real GDP Growth. U.S. Crude Oil Spot Price. U.S. #2 Diesel, Gulf Coast. Civilian Unemployment Rate. U.S. Federal Budget Surplus (CBO Projection).
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U.S. and World Cotton Economic OutlookJuly 2013Prepared by:Economic ServicesNational Cotton Council
Macroeconomic Environment
U.S. Federal Budget Surplus (CBO Projection)
Real GDP Growth in Selected Countries
Real Exchange Rate Index(Other Important Trade Partners) Federal Reserve
2013 U.S. Cotton Area Thousand Acres * USDA- NASS
2013 U.S. Cotton Area Thousand Hectares * USDA NASS
U.S. Cotton Mill Use (Calendar Year)
U.S. Cotton Mill Use (Marketing Year)
The World Market & U.S. Cotton Exports
World Fiber Mill Use *PCI
U.S. Supply and DemandMillion Bales Beginning Stocks 3.35 3.90 Production 17.32 13.50 Imports 0.01 0.01 Total Supply 20.67 17.41 Mill Use 3.45 3.50 Exports 13.30 11.00 Total Offtake 16.75 14.50 Ending Stocks 3.90 2.90 Stocks-to-Use Ratio 23.3% 20.0% 2012/13e 2013/14p
U.S. Supply and DemandMillion Metric Tons Beginning Stocks 0.73 0.85 Production 3.77 2.94 Imports 0.00 0.00 Total Supply 4.50 3.79 Mill Use 0.75 0.76 Exports 2.90 2.40 Total Offtake 3.65 3.16 Ending Stocks 0.85 0.63 Stocks-to-Use Ratio 23.3% 20.0% 2012/13e 2013/14p
World Supply and DemandMillion Bales Beginning Stocks 71.22 85.58 Production 121.25 118.02 Imports 46.39 38.26 Mill Use 107.38 109.79 Exports 46.46 38.30 Ending Stocks 85.58 94.34 Stocks-to-Use Ratio 79.7% 85.9% 2012/13e 2013/14p
World Supply and DemandMillion Metric Tons Beginning Stocks 15.52 18.64 Production 26.42 25.71 Imports 10.11 8.34 Mill Use 23.39 23.92 Exports 10.12 8.34 Ending Stocks 18.64 20.55 Stocks-to-Use Ratio 79.7% 85.9% 2012/13e 2013/14p
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