Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   

Photoblog

 


Home > News

2018/19: Lower Stocks, Higher Consumption, Production Since Outlook Forum Forecast

09.11.2018 11:25 "Agro Perspectiva" (Kyiv) The current USDA forecast shows global 2018/19 production at 119.4 million bales, down 3.5 percent from the previous season. At the USDA Agricultural Outlook Forum in February 2018, production was forecast at 117.0 million bales. Much of the increase is attributed to better-than-expected crops in Brazil, China, and Turkey.

Global use is also higher than originally forecast. Consumption is currently projected at 126.9 million bales, up 2.9 percent from the previous season, whereas the February Outlook forecast had consumption increasing only 2.0 percent. Forecasts have edged up in most major markets as higher polyester prices have made cotton more competitive, and global macroeconomic conditions have supported higher end use.

While the higher production forecast mostly offsets higher consumption, global ending stocks are now

forecast at 72.6 million bales, 10.1 million lower than the 82.7 million shown at the Outlook forum. Nearly all the reduction in 2018/19 stocks is due to lower estimates for 2017/18 ending stocks, driven largely by historical revisions in October to several countries balance sheets, particularly Indias. In addition to lower stocks, the current forecast shows a greater decline in those stocks during the current season. Global stocks are now forecast to fall by 7.8 million bales compare with the 5.8-million-bale decline expected last February.

Chinas ending stocks are now forecast at 29.9 million bales, 8.2 million lower than beginning stocks. This compares to a 7.3-million-bale decline seen in Februarys initial forecast. As polyester prices have risen, and Chinas internal cotton prices have moved closer to world prices in 2018, consumption has expanded and resulted in higher consumption in both 2017/18 and 2018/19. This results in a drawdown of Chinas stocks.

Ending stocks outside of China, however, are now forecast up 400,000 bales versus the 1.4-million-bale

increase expected in February. Bottom line: Chinas stocks are projected to continue to trend lower, while stocks outside of China expand, albeit slightly, for the fourth consecutive year.

Agro Perspectiva

< Chinas Stocks Swell on Production Revisions All news for
09.11.2018
UN: Ebola outbreak within Congo conflict zone remains dangerous and unpredictable >

22.10.2019  
18:58 Ukrainian Oct 1 wheat reserves 12.149 million tons
16:14 Ukrainian sugar beets crop 6 million tons
13:11 Japan, FAO to deepen collaboration to promote agriculture digital technology
21.10.2019  
23:16 Singapore puts complete ban on sugary drinks advertizing
21:04 Harvesting campaign 2019: agrarians got almost 59 million tons grains
18:49 Tedis Ukraine, tobacco producers to challenge Antimonopoly Committee UAH 6.5 milliard fine
16:53 Ukrainian Jan-Sept coffee import 31,500 tons
13:11 WHO: Congo Ebola still an international public health emergency
18.10.2019  
23:19 Ukraine to involve Qatar into green energy investing
21:47 At Chick-fil-A, new table service means no waiting in line to order
17:38 Harvesting campaign 2019: rapeseeds crop up to 3.3 million tons
16:54 Ukrainian Jan-Sept eggs output up to 13 milliard
13:11 FAO, Danone team up to foster sustainable diets, foods systems
17.10.2019  
23:42 Harvesting campaign 2019: agrarians got 150,000 tons millet
22:09 USDA: Ukrainian 2019 poultry meat export to total 400,000 tons
20:18 Ukrainian Oct 16 grains export 15.4 million tons
16:09 Harvesting campaign 2019: agrarians got 12.6 million tons sunseeds
13:16 FAO: Obesity rates soar due to dramatic global diet shift
11:05 Cargill to invest $225 million at facility in Sidney, Ohio
16.10.2019  
23:44 Autumn sowing campaign 2019: total winter grains sown at 5.6 million ha
20:41 Harvesting campaign 2019: agrarians got 12.6 million tons sunseeds
19:21 Harvesting campaign 2019: agrarians got 83,000 tons buckwheat
16:07 Guterres: Rural women a powerful force for global climate action
13:11 UNICEF: Alarmingly high number of children malnourished worldwide
15.10.2019  
23:57 IMF expects Ukrainian GDP 3% growth as of 2020
21:13 Ukrainian Jan-Sept butter export 15,000 tons
20:25 BASF and TELUS Ventures invest in AgTech startup Hummingbird Technologies
17:56 FAO calls to stop foods wasting to reduce global hunger
17:09 Ukrainian sugar beets crop almost 4 million tons
13:11 FAO Chief urges countries to reach hunger irradication by 2030
11.10.2019  
23:17 Harvesting campaign 2019: agrarians got 12.3 million tons sunseeds
21:28 Ukrainian Jan-Sept rapeseeds export 2.25 million tons
20:41 Ukrainian Oct 11 grains export 15 million tons
20:07 Within Kirovograd region, organic waste biogas processing complex under construction
13:55 U.S. Wheat to Maintain Competitiveness in Japan
11:13 Copenhagen C40 Summit highlights role of cities within climate crisis fight
10.10.2019  
23:41 Over EUR2 milliard invested into Ukrainian green energy
21:16 Volyn region sugar beets crop over 250,000 tons
20:32 RF Oct 3 grains export 14 million tons
17:19 Ukrainian Jan-Sept rice import 56,000 tons
13:11 FAO Chief: Feeding people and protecting our planet should go hand in hand
10:05 Agricultural industry leaders join forces to introduce closed transfer system technology for European farmers
09.10.2019  
23:47 Harvesting campaign 2019: agrarians got 10.7 million tons maize
21:51 Bayer says Oct US glyphosate trial delayed until further notice
19:07 Harvesting campaign 2019: agrarians got 10.7 million tons maize
16:14 Ukraine: Half a million veterinary documents within 5 months
13:40 FAO Director-General and WTO Director-General to strengthen constructive collaboration
11:36 FAO: Cotton sustainability is key for rural development
08.10.2019  
23:07 Belarus agrarians harvested 7 million tons grains
20:16 Ukrainian sugar beets crop over 3 million tons

Also available: 

Agrarian Week in digital



READ ON-LINE




NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Exhibitions
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
     Lenty.Ru   +
2002 -2019 © Agrarika, ltd.
tel.: +38 (044) 486-9171, 486-8119
fax: +38 (044) 486-8830, 494-4889
e-mail: info@agroperspectiva.com