COTTON AND WOOL OUTLOOK                                          May 13, 1996
            Approved by the World Agricultural Outlook Board
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COTTON AND WOOL OUTLOOK is published monthly (except January) by the Economic
Research Service, U.S. Department of Agriculture, Washington, DC 20005-4788.
CWS--0496.  
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Larger U.S. Crop Projected in 1996/97; Stocks To Rise
 
The first official USDA forecast for 1996/97 U.S. cotton production is 19
million bales.  The forecast, based on the Prospective Plantings report
released March 29, indicated cotton area at 15.2 million acres.  Additional
assumptions about harvested acreage and yield were made in reaching the
production forecast.  Projected harvested area is based on 1986-95 U.S.
average acreage abandonment, while the projected yield of 650 pounds per
harvested acre is based on 5-year State averages, weighted by area.  If
realized, the 1996 crop would rebound about 6 percent from the final 1995
production of 17.9 million bales.
 
As of May 5, 33 percent of the U.S. cotton crop had been planted, compared
with 36 percent last year and a 5-year average of 37 percent.  To date, cotton
plantings were lagging last year in about half the States.  However,
significant progress was made during the past week.  Compared with their
5-year averages, four States were ahead of normal:  Arizona and California in
the West and the Carolinas in the Southeast.
 
Although acreage projected to be planted to cotton in 1996 is much smaller
than a year ago and new crop futures prices are slightly better than last
year, upland cotton acreage forward contracted is down significantly from
1995.  As of May 1, only 16 percent of the acreage had been contracted,
compared with 32 percent in 1995.  Sixteen percent was also contracted by May
1, 1994.  By region, the Southeast had booked 27 percent of its acreage; the
Delta, 17 percent; the West, 16 percent; and the Southwest, 10 percent.
 
With cotton stocks projected at 2.7 million bales by the start of 1996/97,
virtually unchanged from a year ago, stocks may build substantially as
production is expected to outpace total demand.  In 1996/97, domestic mill use
is projected to strengthen to near the level achieved in 1994/95.  The initial
projection is for U.S. mill consumption to rise 5 percent above 1995/96 to 11
million bales.  Meanwhile, U.S. exports are expected to decline for the second
consecutive year.  The initial U.S. export projection of 6.8 million bales is
about 12 percent below the 1995/96 estimate.  Although reduced foreign import
demand during 1996/97 will likely keep world cotton trade below this season's,
the U.S. share is projected to remain relatively high at 25 percent.  Based on
these initial U.S. cotton supply and demand projections, stocks would rise
nearly 50 percent during the 1996/97 season.  Ending stocks on July 31, 1997
are projected at 4 million bales, a stocks-to-use ratio of 22.5 percent.
 
Foreign Cotton Production Steady in 1996/97
 
Foreign production is projected to be virtually unchanged in 1996/97, at 71
million bales, while foreign area is also projected to remain near this
season's 28.8 million hectares, given stable prices during the first half of
the marketing year compared with a year earlier.  The world's largest area is
planted in India, where prices of competing crops have been steady or rising
and cotton prices have fallen, suggesting some of 1995/96's 8.4 million
hectares might go to other crops in 1996/97.  Area is not expected to rise in
China, perhaps falling slightly, according to a State Statistical Bureau
survey released in March.   As in previous years, China's cotton production
remains hampered by high returns on competing crops and a persistent bollworm
threat, suggesting that the targeted area of 6.0 million hectares is very
optimistic.
 
Pakistan's opportunities for increasing area are limited, although continued
tight stocks and high prices in Pakistan during 1995/96 suggest cotton should
hold its own against competing crops like sugar during 1996/97.  And in
Central Asia,  planned area is little changed in 1996/97 as Governments there
continue to favor increasing food crop production.  Planting progress to date
has lagged year ago levels, but weather could account for some delay. 
Finally, improved water supplies suggest Australia's cotton area could be a
record high.
 
Foreign yields may increase slightly in 1996/97.  Yields have trended higher
since 1992/93, in part due to recoveries in China and Pakistan.  To varying
degrees, yields in China and Pakistan have been constrained by pests and
disease during 1992/93-1995/96, but have grown as area shifts away from
susceptible regions in China and away from susceptible varieties in Pakistan. 
Yields could rise in India if the monsoon arrives at a more average date than
in 1995/96 (average based on the years just preceding 1995/96).  Little change
is likely in Central Asia's yields this year, but Australia's rains have
recharged reservoirs, and a much higher proportion of the crop is likely to be
irrigated in 1996/97.
 
Foreign Consumption Higher in 1996/97, Trade Lower
 
Foreign consumption is expected to rise about 2.5 percent in 1996/97 to 77
million bales, only the second increase since the collapse of the Soviet
Union.  Consumption in Russia stabilized during 1995/96, and with the economy
expected to grow during 1996, cotton consumption could increase as well.  In
China, recent changes in macro economic policy suggest cotton consumption
could increase slightly, while India should continue the steady growth
achieved since 1991.  Slightly improving economic growth in the rest of the
world is expected to support increased cotton consumption worldwide.
 
On the other hand, world trade is expected to decline moderately in 1996/97,
from 28.4 million bales to 27 million, largely due to reduced foreign import
demand.  As a result, U.S. exports are expected to drop 900,000 bales to 6.8
million.  In addition, the U.S. share of world trade is projected to fall 2
percentage points.
 
1995/96 U.S. Mill Use Improves, Demand Estimates Raised
 
March cotton mill consumption, according to the latest U.S. Commerce
Department data, improved dramatically from February despite an upward
revision in the February data.  On a daily basis, mill use in March averaged
42,900 480-pound bales per day, compared with the revised February figure of
41,000 bales.  On a seasonally adjusted annual rate (SAAR) basis, March's mill
consumption jumped more than 450,000 bales from February's rate to over 10.7
million.  The March SAAR is the highest since September 1995.
 
Cotton mill use during the first 8 months of 1995/96 totaled nearly 7 million
bales.  This compares with approximately 7.7 million a year ago when 11.2
million was used during the season.  With the SAAR for August 1995 through
March 1996 averaging above 10.4 million bales and with the recent strength
exhibited in cotton mill consumption, this month's USDA estimate for the
current season was increased 100,000 bales to 10.5 million.
 
Likewise, the estimate for 1995/96 U.S. exports was raised 100,000 bales to
7.7 million as Bureau of the Census trade data continue to outpace shipments
reported in Export Sales through February.  Census data totals 350,000 bales
higher than Export Sales, and the Census Bureau is the source of official
trade data.  Some of this difference is expected to be offset during coming
months, but perhaps not the entire 350,000 bales.
 
Cotton Prices Move Higher
 
U.S. cotton prices continued strong in April.  The average price received by
upland producers for the first half of April reached 79.4 cents per pound, the
highest this marketing year.  A year earlier, this price equaled 77.6 cents. 
The upland spot price for base quality cotton also advanced in April to 84.7
cents per pound, the highest since last September.  Meanwhile, the ELS spot
price remains quoted at over $1.60 per pound.
 
Mill-delivered upland prices rose in April to 92 cents per pound.  However,
price declines for manmade fibers have left cotton in its least competitive
situation since July 1995.  Polyester staple prices were lowered to 84 cents
per pound in April while rayon prices declined to $1.20 per pound.  Meanwhile,
the cotton/polyester price ratio reached 1.17 in April, compared with 1.40 a
year earlier.
 
At the same time, new crop cotton prices continue to increase.  In April, the
December 1996 futures averaged above 81 cents per pound, but during the first
part of May, the futures have moved several cents above this average. 
However, competing crop prices also remain strong for the 1996 season, which
along with the new farm legislation, has given producers more planting
flexibility this year.
 
Larger Exports, Lower Imports Ease Textile Trade Deficit
 
February textile exports, at 253 million pounds (raw-fiber equivalent),
increased 5 percent from January and were 9 percent above February 1995. 
Total exports were higher in all major fibers and all end-use categories,
except apparel.  Lower manmade fiber apparel exports more than offset slight
increases in all other apparel shipments.  Cotton textile exports, at 110
million pounds, were 5 percent above January and 8 percent above a year ago.
 
Textile imports totaled 562 million pounds, down 8 percent from January. 
Overall, imports decreased in all major fibers and in each major end-use
category.  Cotton imports, at 311 million pounds, accounted for 55 percent of
all textile shipments.  In addition, textile imports during the first 2 months
of 1996 were 7 percent below the corresponding period of 1995, and cotton
textile imports were down 3 percent.
 
For all fibers, the textile trade deficit during January and February 1996
totaled 679 million pounds, 6 percent below a year earlier.  The cumulative
cotton trade deficit was nearly 9 percent lower than the first 2 months of
1995.  However, cotton's share of the trade deficit rose from 56.6 to 61.7
percent.  Despite larger cotton textile exports, smaller trade deficits
primarily in manmade fiber and linen textiles resulted in an increase in
cotton's share of the trade deficit.
 
Special Notice:
 
With the recent passage of the 1996 farm legislation, existing legislation
which specified the release of monthly cotton crop reports at 3:00 p.m. EST
was repealed.  This action allows all reports to be released simultaneously
before the commodity markets open.  May was the first month for the 8:30 a.m.
EST release of the USDA cotton supply and demand report.  Subsequent release
dates are as follows:  June 12, July 12, August 12, September 11, October 11,
November 12, and December 12.  Consequently, the originally scheduled release
dates for the Cotton and Wool Outlook will also be altered.  This report will
be released one business day after the dates listed above.
 
The next Cotton and Wool Outlook (CWS-0596) will be released on June 13.
 
For further information, contact Leslie Meyer at (202) 501-8528 (U.S. Cotton),
Steve MacDonald at (202) 219-1179 (Foreign Cotton), or Robert Skinner at (202)
219-0767 (Textiles and Wool).
 
U.S. COTTON SUPPLY AND USE ESTIMATES
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                                                   1995/96
                                         ----------------------------
Item                          1994/95     Mar        Apr          May
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Upland:                                      Million acres
  Planted                      13.55     16.72      16.72       16.72
    Program                    11.62     11.02      11.02       11.02
  Harvested                    13.16     15.78      15.78       15.80
                                                Pounds
  Yield/harvested acre           705       536        536         533
                                        Million 480-lb. bales
  Beginning stocks              3.30      2.59       2.59        2.59
  Production                   19.32     17.61      17.56       17.53
    Total supply 1/            22.65     20.39      20.44       20.41
  Mill use                     11.10     10.41      10.31       10.41
  Exports                       8.98      7.09       7.29        7.39
    Total use                  20.07     17.50      17.59       17.79
  Ending stocks                 2.59      2.88       2.87        2.67
                                               Percent
  Stocks-to-use ratio           12.9      16.4       16.3        15.0
 
Extra-long staple:                           1,000 acres
  Planted                        169       215        215         215
    Program                       84        26         26          26
  Harvested                      166       211        211         211
                                             Pounds
  Yield/harvested acre           974       821        821         836
                                         1,000 480-lb. bales
  Beginning stocks               227        59         59          59
  Production                     338       361        367         368
    Total supply 1/              567       430        436         437
  Mill use                       102        95         95          95
  Exports                        424       310        315         315
    Total use                    526       405        410         410
  Ending stocks                   59        25         26          27
                                               Percent
  Stocks-to-use ratio           11.2       6.2        6.3         6.6
----------------------------------------------------------------------
Based on USDA estimates.  1/ Includes imports.
 
WORLD COTTON SUPPLY AND USE ESTIMATES
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                                                   1995/96
                                        ------------------------------
Item                          1994/95     Mar        Apr          May
----------------------------------------------------------------------
Supply:                                 Million 480-lb. bales
Beginning stocks
  World                        26.34     28.75      28.87       28.91
  Foreign                      22.81     26.10      26.22       26.26
Production
  World                        85.67     89.05      88.83       88.41
  Foreign                      66.01     71.08      70.90       70.51
Imports
  World                        30.53     28.37      28.57       28.59
  Foreign                      30.51     28.17      28.27       28.29
Use:
Mill use
  World                        84.79     85.91      85.78       85.62
  Foreign                      73.60     75.41      75.38       75.12
Exports
  World                        28.63     28.27      28.51       28.39
  Foreign                      19.23     20.87      20.91       20.69
Ending stocks
  World                        28.91     31.73      31.79       31.73
  Foreign                      26.26     28.83      28.89       29.03
 
Stocks-to-use ratio                            Percent
  World                         34.1      36.9       37.1        37.1
  Foreign                       35.7      38.2       38.3        38.6
----------------------------------------------------------------------
Based on USDA estimates.
 
FIBER SUPPLY
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                                          1996                   1995
                               --------------------------
Item                             Jan       Feb        Mar         Mar
----------------------------------------------------------------------
Cotton:                                  1,000 480-lb. bales
  Ginnings                       411        21          0           0
Imports since August 1           5.2      12.8         NA        11.2
  Stocks, beginning           12,821    11,089      8,962      11,077
    At mills                     569       638        650         691
    Public storage            10,074     8,597      6,916       8,322
    CCC stocks                 2,054     2,142      1,899       2,099
 
Manmade:                                   Million pounds
  Production                   800.8     767.4      805.1       879.5
    Noncellulosic              762.9     730.2      763.3       835.4
    Cellulosic                  37.9      37.2       41.8        44.1
    Total since January 1      800.8   1,568.2    2,373.3     2,476.3
 
                                1995            1996             1995
                                        ------------------
                                 Dec       Jan        Feb         Feb
----------------------------------------------------------------------
                                            Million pounds
  Raw fiber imports             82.2      83.2         NA        89.8
    Noncellulosic               77.3      78.1         NA        84.2
    Cellulosic                   4.9       5.1         NA         5.6
    Total since January 1    1,093.5      83.2         NA       174.7
 
Wool and Mohair:                            1,000 pounds
  Raw wool imports, clean      4,084     9,624      9,114       7,722
    48's-and-finer             2,536     7,248      5,891       6,431
    Not-finer-than-46's        1,548     2,376      3,223       1,291
    Total since January 1     88,820     9,624     18,737      18,164
 
  Wool top imports               298       629        799         590
    Total since January 1      4,530       629        170         950
  Mohair imports, clean            0         2          1           0
    Total since January 1        143         2          3           4
----------------------------------------------------------------------
NA = Not available.
 
COTTON SYSTEM FIBER CONSUMPTION
----------------------------------------------------------------------
                                          1996                   1995
                              ---------------------------
Item                             Jan       Feb        Mar         Mar
----------------------------------------------------------------------
Cotton:                                  1,000 480-lb. bales
All consumed by mills 1/         884       861        902       1,048
  Total since August 1 1/      5,208     6,069      6,971       7,661
  SA annual rate 2/           10,120    10,288     10,748      11,605
  SA daily rate 2/              38.6      39.3       41.0        44.5
  Daily rate                    38.4      41.0       42.9        45.5
 
Upland consumed by mills 1/      873       851        890       1,037
  Total since August 1 1/      5,155     6,006      6,896       7,596
  SA annual rate 2/           10,000    10,164     10,609      11,483
  SA daily rate 2/              38.2      38.8       40.5        44.0
  Daily rate                    38.0      40.5       42.4        45.1
 
Spindles in place              6,520     6,433      6,389       7,252
  Active spindles              6,054     5,957      5,943       6,801
    100 percent cotton         2,768     2,678      2,680       2,974
    100 percent manmade        1,008     1,003      1,002       1,131
    Blends                     2,278     2,276      2,261       2,696
                                             Percent
Cotton's share of fibers        78.4      78.0       78.1        76.7
 
Manmade:                                    1,000 pounds
Total consumed by mills 1/   116,727   116,440    121,375     152,770
  Total since August 1 1/    695,012   811,452    932,826   1,092,407
  Daily rate                   5,075     5,545      5,780       6,642
    Noncellulosic staple       4,369     4,690      4,870       5,791
    Cellulosic staple            706       855        910         851
----------------------------------------------------------------------
1/ Adjusted to calendar month.  2/ SA = seasonally adjusted.
 
FIBER EXPORTS
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                                1995            1996              1995
                                        ------------------
Item                             Dec      Jan         Feb          Feb
----------------------------------------------------------------------
Cotton:                                  1,000 480-lb. bales
  Upland exports               1,198     1,204      1,257       1,332
    Total since August 1       2,881     4,085      5,342       5,338
  Sales for next season          119        87         28         192
    Total since August 1         166       253        281       2,888
 
  ELS exports                   32.0      58.6       37.9        51.3
    Total since August 1        93.9     152.4      190.3       173.8
  Sales for next season         32.2      17.4       18.4        24.5
    Total since August 1        78.0      95.6      113.9        58.6
 
Manmade:                                   Million pounds
  Raw fiber exports             86.1      75.2         NA        72.1
    Noncellulosic               79.4      70.9         NA        66.9
    Cellulosic                   6.7       4.3         NA         5.2
    Total since January 1    1,048.0      75.2         NA       161.3
 
Wool and Mohair:                           1,000 pounds
  Raw wool exports, clean      113.2     336.5      183.4       351.9
   Total since January 1     6,041.7     336.5      519.9       542.8
  Wool top exports             940.0     822.2    1,147.9     1,182.1
    Total since January 1   13,842.1     822.2    1,970.1     1,818.5
 
  Mohair exports, clean        687.2   1,236.8      206.8       610.4
    Total since January 1    4,853.6   1,236.8    1,443.6     1,484.5
----------------------------------------------------------------------
FIBER PRICES
----------------------------------------------------------------------
                                          1996                   1995
                              -----------------------------
Item                            Feb        Mar        Apr         Apr
----------------------------------------------------------------------
Domestic cotton prices:                    Cents per pound
  Adjusted World Price         70.42     68.26      68.53       94.53
  May'96 futures               85.12     83.92      84.70       80.15
  Dec'96 futures               78.58     79.88      81.19          NA
  Upland spot 41-34            81.56     81.13      84.69      104.94
  Pima spot 03-46             162.63    162.11     163.46      123.39
  Avg. price received by:
    Upland producers           76.50     77.20      79.40       77.60
 
  Mill delivered:
    Cotton
      Actual                   89.76     88.79      92.10      113.17
      Raw fiber equivalent     99.73     98.66     102.33      125.74
    Rayon staple
      Actual                  125.00    125.00     120.00      109.00
      Raw fiber equivalent    130.21    130.21     125.00      113.54
    Polyester staple
      Actual                   88.00     88.00      84.00       86.00
      Raw fiber equivalent     91.67     91.67      87.50       89.58
 
    Price ratios                               Percent
      Cotton/rayon              76.6      75.8       81.9       110.7
      Cotton/polyester         108.8     107.6      117.0       140.4
 
Northern Europe cotton quotes:            Cents per pound
  A Index                      84.99     83.18      82.90      114.55
  Memphis Territory            94.70     94.13      96.69      120.25
  California/Arizona          100.20     98.31     100.13      124.63
  B Index                      78.98     77.76      77.53      111.41
  Orleans/Texas                90.40     89.88      91.06      116.88
 
Wool prices (clean):                      Dollars per pound
 U.S. 56's                      1.35      1.35       1.35        1.86
  Australian 56's 1/            1.92      1.90       1.83        2.64
 U.S. 60's                      1.56      1.57       1.57        2.26
  Australian 60's 1/            2.05      2.03       1.97        2.80
 U.S. 64's                      1.92      1.97       1.97        2.88
  Australian 64's 1/            2.37      2.38       2.34        3.02
----------------------------------------------------------------------
NA = Not available.
1/ In bond, Charleston, SC.
 
TEXTILE TRADE
----------------------------------------------------------------------
                                1995          1996               1995
                                         ---------------
Item                            Dec       Jan        Feb          Feb
----------------------------------------------------------------------
Imports:                                   1,000 pounds 1/

  Yarn, thread, and fabric   145,724   165,841    139,967     174,571
    Cotton                    58,969    65,330     61,012      70,390
    Linen                     26,438    35,821     22,606      39,904
    Wool                       2,465     3,002      3,000       3,475
    Silk                         542       708        556         598
    Manmade                   57,311    60,980     52,792      60,204
 
  Apparel                    296,216   389,768    372,675     372,028
    Cotton                   172,364   226,847    221,484     216,721
    Linen                      7,780    12,753      9,925      13,455
    Wool                       8,636    11,170     11,058       9,858
    Silk                       8,018    12,506      9,888      12,046
    Manmade                   99,418   126,492    120,320     119,950
 
  House furnishings           23,938    31,545     27,596      30,542
    Cotton                    16,434    22,892     20,749      22,597
    Linen                        167       154        178         161
    Wool                         122       127         99          93
    Silk                          34        10         29          31
    Manmade                    7,181     8,362      6,541       7,660
 
  Floor covering              18,305    16,729     15,041      21,682
    Cotton                     3,709     4,177      3,518       3,312
    Linen                      2,281     2,746      2,228       2,734
    Wool                       4,785     4,432      3,791       8,100
    Silk                         570       479        335         475
    Manmade                    6,959     4,896      5,169       7,062
 
  Total imports 2/           489,739   611,224    562,291     605,543
    Cotton                   254,050   323,250    310,967     316,832
    Linen                     36,688    51,509     34,957      56,334
    Wool                      16,084    18,790     17,983      21,663
    Silk                       9,165    13,704     10,812      13,150
    Manmade                  173,752   203,972    187,571     197,565
 
Exports:                                  1,000 pounds 1/
 
  Yarn, thread, and fabric   106,926   105,961    116,595     114,017
    Cotton                    35,297    38,190     41,978      38,007
    Linen                      2,935     2,734      3,321       3,067
    Wool                       3,231     2,572      2,777       3,365
    Silk                       1,145     1,296      1,314       1,606
    Manmade                   64,318    61,170     67,205      67,972
 
  Apparel                     73,141   105,420    104,565      89,926
    Cotton                    55,063    61,697     62,252      57,533
    Linen                      2,010     1,813      2,117       2,117
    Wool                       4,062     4,801      4,597       3,228
    Silk                       1,505     1,769      1,757       1,521
    Manmade                   30,502    35,340     33,842      25,528
 
  House furnishings            5,767     4,781      5,327       4,434
    Cotton                     3,339     2,838      3,172       2,742
    Linen                        289       174        270         149
    Wool                         121        65        105          52
    Silk                         125       111        151         107
    Manmade                    1,894     1,592      1,629       1,384
 
  Floor covering              27,197    25,181     25,649      23,688
    Cotton                     3,102     2,250      2,754       3,547
    Linen                      1,103     1,053      1,072       1,033
    Wool                       1,313     1,340      1,793       1,071
    Silk 3/                      ---       ---        ---         ---
    Manmade                   21,679    20,538     20,030      18,037
 
  Total exports 2/           233,458   241,613    252,615     232,317
    Cotton                    96,851   105,019    110,214     101,864
    Linen                      6,347     5,782      6,793       6,373
    Wool                       8,742     8,796      9,296       7,731
    Silk                       2,775     3,176      3,222       3,234
    Manmade                  118,743   118,841    123,090     113,115
----------------------------------------------------------------------
1/ Raw fiber equivalent.  1996 data are subject to revision.
2/ Includes headgear.  3/ Absence of trade.
 
ESTIMATED AND FINAL 1995 COTTON ACREAGE, YIELD, AND PRODUCTION
-------------------------------------------------------------------------
 
Item               Aug     Sep     Oct     Nov     Dec     Jan      May
-------------------------------------------------------------------------
Upland:
 
Southeast
  Harvested 1/    3,436   3,436   3,436   3,406   3,406   3,416    3,425
  Yield  2/         649     598     593     578     577     545      540
  Production 3/   4,648   4,283   4,248   4,103   4,093   3,880    3,851
 
Delta
  Harvested 1/    4,550   4,570   4,635   4,730   4,695   4,706    4,718
  Yield  2/         787     685     613     603     605     605      602
  Production 3/   7,460   6,520   5,920   5,945   5,920   5,935    5,921
 
Soutwest
  Harvested 1/    6,027   6,027   6,027   6,027   6,002   6,068    6,068
  Yield  2/         440     432     402     398     375     366      363
  Production 3/   5,522   5,422   5,052   5,002   4,687   4,626    4,584
West
  Harvested 1/    1,600   1,585   1,590   1,590   1,590   1,585    1,585
  Yield  2/       1,147   1,112   1,072   1,036     960     960      962
  Production 3/   3,823   3,673   3,551   3,431   3,179   3,169    3,176
 
Total Upland
  Harvested 1/   15,613  15,618  15,688  15,753  15,693  15,775   15,796
  Yield  2/         660     612     574     563     547     536      533
  Production 3/  21,453  19,898  18,771  18,481  17,879  17,610   17,532
 
Pima
  Harvested 1/      188     193     193     196     206     211      211
  Yield  2/         916     918     930     877     832     821      836
  Production 3/     358     368     373     357     357     361      368
 
Total All Kinds
  Harvested  1/  15,801  15,810  15,881  15,949  15,899  15,986   16,007
  Yield  2/         663     615     579     567     551     540      537
  Production  3/ 21,811  20,266  19,144  18,838  18,236  17,971   17,900
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  1/ Thousand acres.  2/ Pounds per acre.  3/ Thousand bales.
 
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