Cotton and Wool Outlook and Situation

摘要

Given more normal production conditions and improved textile activity, the U.S. cotton supply/demand situation may tighten somewhat in 1982/83. Supplies, however, will likely remain large relative to demand. And, if yields are nearer average this season, production may total 12.5 (+ 1.5) million bales. Assuming a recovery in the U.S. economy in 1982/83, mill use is projected at 5.8 (+0.7) million bales while exports are expected toincrease to 7.5(+1.5) million. If these projections hold, carryover stocks will be reduced to 5.8 million bales on August 1, 1983, still well above recent levels.