China Cotton Supply and Demand Estimates (Dec, 2019) | ||||
2017/18 | 2018/19 | 19/20 | ||
Est. | Est. | Nov Proj. | Dec Proj. | |
Beginning Stocks | 890 | 698 | 667 | 667 |
Planted Area | 4800 | 4950 | 4750 | 4750 |
Production | 545 | 604 | 595 | 560 |
Imports | 137 | 197 | 190 | 180 |
Total Supply | 1572 | 1499 | 1452 | 1407 |
Domestic Consumption | 870 | 828 | 810 | 810 |
Exports | 4 | 4.2 | 5 | 4 |
Total Consumption | 874 | 832.2 | 815 | 814 |
Ending Stocks | 698 | 666.8 | 637 | 614.8 |
Stocks-to-Use Ratio (%) | 79.86% | 80.12% | 78.16% | 75.53% |
Remarks: Crop Year from October to September (Unit: 0’000 tonnes、0'000 mu (1 mu=0.067 ha)) |