美国农业部修正全球棉花产量预估

USDA revises global cotton output estimates

Global cotton production is expected to be 122.84 million bales (1 bale = 480 pounds) in 2011-12, less than 123.42 million bales estimated in the December report released by the US Department of Agriculture (USDA).

According to the January report of the USDA, world beginning cotton stocks are expected to be 45.35 million bales in 2011-12, lower than 45.49 million bales in its previous month estimate.

Global cotton imports are expected to be 36.51 million bales, lower than 36.55 million bales in its December report and cotton use is expected to be 109.99 million bales, smaller than 111.34 million bales given in its last report.

Worldwide exports are anticipated to reach 36.52 million bales, against 36.57 million bales and global ending stocks are projected to be 58.35 million bales, larger than 57.67 million bales from its December report.

译文如下：

美国农业部修正全球棉花产量预估

据美国农业部(USDA)公布的报告统计，2011-12年度，全球棉花产量有望达到1.2284亿包(1包= 480英镑)，低于12月份预估的1.2342亿包。

根据美国农业部1月份的报告知悉，最先预估2011-12年度，世界棉花库存为4535万包，低于上月预估的4549万包。

全球棉花进口有望达到3651万包,低于12月预估的3655万包棉花,同比，棉花使用量预计将达到1.0999亿包,但在最后的报告中，其使用量小于之前预计的1.1134亿包。

全球出口预计将达到3652万包，而之前预计为3657万包，全球期末库存预计为5835万包，而从12月份的报告中看到，期末库存为5767万包，高于之前预估。