Thursday, the U.S. Department of Agriculture revised the 2008-09 cotton export in the United States and the world cotton consumption is expected that the two are expected to cut, analysts believe the report and make adjustments relatively neutral, as they adjust the data has been ahead of the market to digest . As the market expected, the U.S. Department of Agriculture also raised the U.S. cotton production and cotton production in the world.

United States Department of Agriculture issued 12 monthly production and supply and demand report, ICE cotton futures rose-taking, but analysts believe that external market a greater role. U.S. exports to the U.S. Department of Agriculture is expected to come down from 12,250,000 package, which is lower than November’s report of the 13,000,000 package. Was also lower than analysts expected the average number of 12,530,000 package. The report said that the world cotton consumption is reduced and is expected to limit demand for U.S. cotton.

Tight credit in the second half of 2008, cotton prices have fallen substantially and the procurement of cotton textile mill loan problems. In recent weeks, the U.S. Department of Agriculture export sales data show that cotton is about withdrawal, the decrease in the number of sales, mainly due to their loan-to-textile mill less money. Consumer demand for textile products slowed down, because the global economic slowdown, first of all households purchasing food, rather than new clothes and finished products.

United States Department of Agriculture 2008-09 increase cotton production in the United States from November of 13,530,000 to 13,610,000 wrapped package. Higher than analysts expected 13,460,000 package. Analysts said ,2008-09 less than in the United States plans to harvest cotton, cotton processing is also lagging behind, so people do not increase production by surprise. United States Department of Agriculture forecast ,2008-09 U.S. cotton consumption 4,300,000 for the package, which is lower than in November of 4,400,000 packets.

World markets were digesting data

As analysts expected, the USDA lowered 2008-09 world cotton consumption and production is expected. United States Department of Agriculture in the 2008-09 global cotton consumption is expected to come down from 1.1659 billion package, which is lower than in November of 1.1933 billion package. Due to the continuing economic crisis, the United States to reduce the amount of cotton.

World cotton consumption is down sharply for the second consecutive month, because of environmental degradation. China, India, Pakistan and Turkey to reduce the consumption of cotton is one of the world cotton consumption is the main reason for reduction.

The USDA also lowered world cotton production is expected to 1.1156 billion package, which is lower than in November of 1.1287 billion package. Yield reduction in the country mainly India, Brazil and Egypt. United States Department of Agriculture is expected, the Chinese cotton consumption is reduced to 49,500,000 package, which is lower than in November of 51,000,000 package. Chinese imports in 2008-09 fell to 9,000,000 packets, which is lower than expected in November of 10,500,000 package.

United States Department of Agriculture expects India to reduce cotton production 24,000,000 package, which is lower than in November of 25,000,000 package. India 2008-09 cotton consumption is reduced to 17,500,000 package, which is lower than in November of 18,000,000 package. In 2008-09 world cotton stocks at the end of the package to 58,770,000, up from 57,400,000 in November package.