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: 
   
 


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 India’s. 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.

China’s 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 February’s initial forecast. As polyester prices have risen, and China’s 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 China’s 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: China’s stocks are projected to continue to trend lower, while stocks outside of China expand, albeit slightly, for the fourth consecutive year.

Agro Perspectiva

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

12.02.2025  
10:01 China Corn Imports Fall on Weaker Domestic Demand
09:06 China’s Imported Oilseed Meal Supplies Shift Slightly to Mid-Protein Meals
08.02.2025  
18:20 Cereal stocks set to decline in 2024/25 due to anticipated reductions in wheat and maize inventories
18:00 FAO Food Price index declined in January 2025, mostly due to lower sugar, vegetable oil and meat prices
06.02.2025  
16:28 Ukraine considers SCZone site for food hub in Egypt – ministry
16:16 Since the beginning of 2025, 549 agricultural enterprises have received UAH 2.3 billion under the Affordable Loans at 5-7-9 programme published
03.02.2025  
23:55 Ukraine's Ministry of Agrarian policy allocates sugar export quotas to EU
31.01.2025  
17:20 Global orange production for 2024/25 is forecast down 662,000 tons to 45.2 MT
17:15 Argentina Lemon/Lime Exports Continue to Decline
24.01.2025  
16:38 Ukraine’s agricultural sector earned $24.5 bln in 2024, setting second historical record
23.01.2025  
15:46 Eurobarometer survey shows strong support for the Common Agricultural Policy (CAP)
22.01.2025  
20:54 Since the beginning of 2025, 117 agricultural enterprises have received UAH 318.7 million under the Affordable Loans at 5-7-9 programme
20:43 Ukrainian agricultural land needs to be cleared and returned to circulation as soon as possible
21.01.2025  
21:45 A groundbreaking new study, “Governance and resilience as entry points for transforming food systems in the countdown to 2030”. Key Findings
21:37 Nitrogen use efficiency must be improved to reduce harm to human and environmental health
11.01.2025  
11:16 Russia Grain Export Quota to Curb Wheat Exports in 2025
09:12 Iraq Emerges as a Soybean Importer
08.01.2025  
22:13 FAO Food Price Index dips during the month of December
18:49 FAO calls for urgent action to address widening famine in Sudan
22.12.2024  
05:26 FAO transfers 185 generators, 6,474 grain hoses to Ukrainian farmers in 2024
03:53 The EU agri-food trade surplus increased by 15% in September 2024, reaching EUR 6 billion
19.12.2024  
09:05 World coffee production for 2024/25 is forecast 6.9 million bags higher
18.12.2024  
23:11 China’s Expanding Coffee Consumption
17.12.2024  
22:37 Bangladesh Soybean Import Recovery Expected to Continue
14.12.2024  
21:03 World apple production for 2024/25 is forecast to fall nearly 350,000 tons to 84.0 million
13.12.2024  
09:11 U.S. Fresh Pear Exports Fall on Historically Low Harvest
10.12.2024  
21:03 Indonesia Grain Imports to Subside after 2023/24 Record
08:14 Higher vegetable oil quotations drive up FAO Food Price Index, but lower cereal and sugar prices temper the rise
07:45 Cereal trade revised downwards amid weaker demand
02.12.2024  
23:17 Prime Minister: Some 50 partner countries have joined the humanitarian demining coalition
22:56 Norway pledges additional $4.5 mln to Ukraine's Grain from Ukraine initiative
01.12.2024  
03:30 EU agri-food trade slowed down in August 2024
26.11.2024  
00:06 Global sugar production, compared to last year, is estimated up 2.8 million tons to 186.6 million
24.11.2024  
04:43 During the Operation of Our Grain From Ukraine Program, We Have Managed to Save 20 Million People from Hunger – Zelenskyy
04:15 Ukraine Is Ready to Share Technologies, Military Experiences and Processing Methods with African Countries – the President
22.11.2024  
10:15 South Africa Sugar Production and Exports Estimated Down
19.11.2024  
23:04 Global Olive Oil Production Forecast to Rebound in 2024/25
22:47 Vitalii Koval discusses Ukraine's European integration with European colleagues
16:06 EBRD, European Union and United States help Kyiv prepare for winter
18.11.2024  
09:21 Agriculture Development Strategy 2030 – a roadmap to the EU
09:19 Ukrainian farmers have sown 96% of projected winter crop area
01.11.2024  
20:31 Ukraine has officially joined the International Fund for Agricultural Development
20:29 Ukrainian farmers harvested 63.7 million tonnes of grains and oilseeds
25.10.2024  
22:50 Agriculture hit hard: October port strikes rack up 30-40 million dollars in losses
21:04 Ministry of Agrarian Policy expects exports to rise in dollar terms
10:57 Ukrainian corn seed flows to Europe in further farm trade shift
24.10.2024  
23:02 Tree Nut Import Markets Highly Concentrated
23.10.2024  
11:18 Prime Minister UK warns Russian threat to global stability is accelerating as Putin ramps up attacks on Black Sea
15.10.2024  
09:35 Brazil Continues to Dominate Growth in Global Chicken Meat Exports in 2025
11.10.2024  
23:33 China Cottonseed Imports Show Strong Demand in Recent Years

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2025 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com