1. Cotton Economic Update
Beltwide Cotton Conferences
January 8-11, 2008
Nashville, TN

2. Cotton Prices

3. Cotton Production (Mil Bales)
02-06
2007
Share
World
109.1
118.8 1.
China
28.2
35.5
30% 2.
India
16.9
24.0
20% 3. US
20.8
19.0
16% 4.
Pakistan
9.4
8.5 7% 5.
Brazil
5.5
7.0 6%

4. Thousand Acres & % Change from 2006
US Cotton 2007 Planted Area
Thousand Acres & % Change from 2006
Mid-South
2,740
-35%
West
693
-15%
Southwest
5,150
-25%
Southeast
2,264
-32%

5. Relative Futures Prices at Planting Time

6. Change in ’07 Cotton Area

7. Cotton Mill Use (Mil Bales)
02-06
2007
Share
World
108.9
128.3 1.
China
39.1
55.0
43% 2.
India
15.3
19.3
15% 3.
Pakistan
10.7
12.0 9% 4.
Turkey
6.7
7.2 6% 5. US
6.2
4.6 4%

8. Annual Change in World Mill Use

9. Price Indices

10. China Mill Use & Imports
* Crop Year estimated based on PCI Fibres data

11. China’s Prices Above A Index

12. India Emerging as Exporter

13. Indian Cotton Priced Below Other Growths

14. US Mill Use & Retail Demand

15. US Exports

16. Cotton Farm Price

17. Relative Futures Prices for ’08 Strong Competition for Acres

18. World Cotton S&D Production Expected to Fall Short of Use

19. Cotton Futures

20. Producers
Cooperatives
Merchants
Ginners
Cottonseed
Warehouses
Manufacturers