COTTON AND WOOL OUTLOOK                                         July 12, 1995
            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-0795.  
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Larger 1995 Acreage and Production, Lower Use Projected
 
According to USDA's June Acreage report, U.S. producers have planted or
intended to plant 16.6 million acres of cotton this season.  The revised area
is 400,000 acres above March indications and the largest since 1956.  Larger
upland acreage was projected in June for all major producing regions except in
the Delta, where area is down 30,000 acres from March.  Area continues to
expand in the Southeast, rising to 3.5 million acres, the largest since 1954. 
Extra-long staple area increased 1,000 acres to 189,000.  Acreage in Arizona
and California declined while Texas and New Mexico's area increased from March
indications.
 
Crop conditions improved slightly in early July.  Fifty-nine percent of the
crop was rated in "good" or "excellent" condition, compared with 53 percent in
late June.  However, last season, 74 percent of the crop was rated above
average at this time.  Improved weather conditions have allowed the crop to
make considerable progress after an average start this season.  For the week
ending July 9, 75 percent of the U.S. crop was squaring, compared with the 5-
year average of 72 percent.  In addition, 27 percent of the crop was setting
bolls, 5 percent above the average.
 
With larger acreage projected and crop conditions improving slightly, USDA
increased the 1995 production estimate 500,000 bales to 21.5 million.  Upland
production, at 21.1 million bales, accounted for all of the increase except
2,000 bales.  Extra-long staple production is projected at 390,000 bales.  The
July production estimates were revised based on the June acreage report and
average acreage abandonment and yields weighted by State.  The National
Agricultural Statistics Service will release its initial 1995 cotton
production estimate on August 10.
 
While the 1995 U.S. cotton production projection was raised 0.5 million bales
in July, the projected offtake was lowered 1.2 million as U.S. cotton demand
looks less robust in 1995/96.  Domestic mill use was lowered from 11.6 million
bales to 11.4 million, while the export projection was dropped 1 million bales
to 7.5 million.  With total U.S. supplies projected at 23.8 million bales and
total use expected to decline to 18.9 million, stocks are forecast to more
than double in 1995/96.  Ending stocks on July 31, 1996 are projected at 5
million bales, a stocks-to-use ratio of 26.5 percent.
 
Foreign Production and Consumption
 
Foreign production for both 1994/95 and 1995/96 was raised from last month. 
Adjustments to 1994/95 production were led by a 300,000-bale increase for
India and 200,000 bales for Pakistan.  Total foreign production was raised
535,000 bales to 65.6 million.
 
Foreign 1995/96 production was raised 1.3 million bales to 69.3 million. 
Upward revisions for 1994/95 yields in India and Pakistan affected
expectations for yields there for 1995/96, although for India, the
deterioration of the monsoon was offsetting.  No change is expected in India's
crop in 1995/96 compared with this year, but Pakistan's is expected to rise 1
million bales as area increases for the first time since 1991.  Pakistan's
chronic bollworm problem is also expected to improve in 1995/96.
 
Little change is foreseen in China's production, at 19.5 million bales,
compared with 19.9 million this year.  Press reports from China have suggested
both higher and lower area for cotton compared with 1994/95.  Crop prices in
China are generally supportive of increased cotton plantings and production,
but the specter of renewed bollworm attacks may deter area expansion and hold
down yields.
 
Little change is also expected in Central Asian production in 1995/96, but
continued growth is foreseen for Franc Zone cotton.  High world prices and
last year's CFA franc devaluation will help production there rise more than
300,000 bales to 2.9 million.  Higher production is also foreseen for Latin
America and Australia, although continued difficulties with irrigation suggest
only a very small increase is likely for Australia.  Bigger crops are also
expected in Tanzania and Sudan in 1995/96.
 
A strong 1995/96 consumption gain is foreseen largely due to prospects for
improved economic conditions in 1996.  For 1995/96, consumption is now
expected to total 74.9 million bales, a 2.3-million bale gain over 1994/95. 
Increased consumption in Russia and China is also expected in 1995/96. 
Russia's GDP growth is expected to be positive in 1996 for the first time in
the 1990's and cloth production there has shown signs of an upturn during the
early months of 1995.  Similarly, China's yarn production has resumed more
normal levels after plummeting early in the 1994/95 marketing year.  Even if
China's yarn production dips slightly from the volumes seen this spring, a
significant increase in China's cotton consumption is likely.
 
Foreign Consumption Revisions
 
Foreign consumption was revised downward in 1993/94-95/96, and even in earlier
years in some cases.  For 1993/94, the decline totaled 572,000 bales with the
former Soviet Union (FSU) accounting for about half of the change.  The same
was true for 1994/95, and total foreign consumption was revised down 960,000
bales.  These revisions provided a lower base for 1995/96, which was lowered
300,000 bales.
 
The largest consumption revisions this month were in 1994/95.  The largest
reduction for a single country was Taiwan, which fell 125,000 bales from last
month. Russia, Brazil, and Uzbekistan were each reduced 100,000 bales. 
Thailand, Hungary, and Poland were each cut 75,000-80,000 bales.  On the other
hand, Turkey's consumption was raised 125,000 bales, and China and Nigeria's
100,000 bales each.
 
With consumption drops in both 1994/95 and 1993/94, the forecasted year-to-
year change is nearly the same this month.  In June, 1994/95 consumption was
forecast 1.9 million bales lower than the year before, and is now forecast
down 2.2 million bales to 72.6 million.
 
U.S. Export Prospects Weaken
 
In addition to consumption revisions, recent trade data suggested export and
import revisions for many countries.  In many cases, these changes were
offsetting, resulting in neither stronger nor weaker prospects for U.S.
overseas sales.  However, overall the revisions suggest larger foreign exports
than earlier believed and weaker imports.  Net imports overseas in 1994/95
shrank 1.1 million bales this month.  By country, the largest negative
developments were in Thailand (where net imports fell 165,000 bales), Brazil
(net exports rose 150,000 bales), and Portugal (net imports fell 125,000
bales).  Due in part to lower consumption, net exports by the FSU rose 500,000
bales, led by a 100,000-bale increase from Uzbekistan.
 
Weakening U.S. export shipments over the last 6 weeks led to a 400,000-bale
cut in 1994/95 U.S. exports to 9.8 million bales.  The unexpected cooling of
demand for U.S. cotton in 1994/95 also suggests reduced prospects in 1995/96. 
One key variable for U.S. exports will be China's willingness to continue
building stocks.  A 2.7-million bale stock increase during 1994/95 suggests an
interest in acquiring stocks that should continue during 1995/96, but also
suggests the gain should be smaller.  Just as the United States benefitted
disproportionately from China's jump in imports during 1994/95, the expected
1-million bale drop in China's imports during 1995/96 will come largely out of
purchases from the United States.  The United States can also expect virtually
no sales to India, Pakistan, or Turkey in 1995/96, about a 600,000-bale loss
compared with 1994/95, and increased competition from some of these countries
as well as West Africa and Latin America.  Altogether, these events suggest a
2.3-million bale decline in U.S. exports in 1995/96.
 
Mill Consumption Stable
 
Cotton mill use remained about unchanged in May according to the latest report
from the U.S. Commerce Department.  Based on additional mill days during the
month, however, preliminary May cotton consumption reached 1 million bales,
compared with 879,000 bales in April.  On a daily basis, both April and May
usage averaged 43,900 bales per day.  Compared with a year ago, May 1995's
daily average was 800 bales higher.
 
During August 1994 through May 1995, cotton mill consumption totaled nearly
9.55 million 480-pound bales, compared with 8.66 million last year.  Cotton's
share of fiber use on the cotton system declined slightly in May to 76.4
percent.  For the season, though, cotton's share has averaged 77 percent, the
highest since the mid-1960's.  On a seasonally adjusted annual rate (SAAR)
basis, May's consumption fell to 11.04 million bales, the lowest rate of
1994/95.  For the first 10 months of the season, however, the SAAR has
averaged 11.3 million bales.  Based on the expectations of slower than normal
mill use in June and July, the USDA estimate was lowered to 11.25 million
bales.  Despite the downward revision, 1994/95 mill use would total 8 percent
above the previous season.
 
Manmade fiber use on the cotton system also rose during May to 149 million
pounds, compared with 127 million in April.  May's consumption was also 3
percent above a year ago.  However, the seasonally adjusted daily rate
remained at 6.2 million pounds in May, with an increase in noncellulosic use
offset by a decline in cellulosic consumption.  Manmade fiber use for August
through May reached nearly 1.4 billion pounds, 4 percent above a year earlier.
 
April Textile Imports and Exports Decline
 
According to the latest available data, textile imports totaled 539 million
(raw-fiber equivalent) pounds last April,  a decrease of 113 million pounds
(17 percent) from March and the smallest shipments since April 1994.  Cotton
and manmade textile imports accounted for 52 and 34 percent, respectively. 
Silk, wool, and linen textiles comprised the remaining 14 percent.  Cotton
textile imports declined to 283 million pounds in April from 338 million in
March.  Declines occurred for all major end-use categories.
 
Total U.S. textile exports declined in April to 254 million pounds, 7 percent
below the previous month.  Manmade textile shipments represented 50 percent of
the total and cotton, 42 percent.  Cotton textile exports, at 108 million
pounds, declined 13 million pounds (11 percent) from March, but were 22
percent above year-ago shipments.  For all fibers, total April exports were
lower in each end-use category, except floor coverings, compared with March.
 
The overall April textile trade deficit was 285 million pounds, with cotton
accounting for 61 percent (175 million pounds).  The deficit increased 9
percent from a year ago when it totaled 261 million pounds.  The cotton
textile trade deficit also represented 61 percent of the April 1994 deficit.
 
Prices Remain Mixed
 
Through mid-June, the average price received by upland producers was 86.5
cents per pound, compared with a revised May price of 82.6 cents.  Last June,
the average price received equaled 63.3 cents.  Spot prices, on the other
hand, inched higher.  The upland spot price for base quality cotton rose to
$1.07 per pound in June, compared with $1.05 in May.  The ELS spot price
averaged near $1.33 per pound in June, up from $1.28 the previous month.
 
Mill-delivered cotton prices averaged near $1.18 per pound, up slightly from
May and 35 cents above a year ago.  Meanwhile, polyester staple prices jumped
6 cents in June to 92 cents per pound.  Polyester prices are 16 cents above
last June.  Rayon prices, on the other hand, have not changed much over the
past year.  During June, rayon prices were $1.04 per pound, compared with
$1.02 a year ago.  Due to these higher prices, mills are likely to continue
moderating their fiber usage.
 
The adjusted world price (AWP) dropped in early July to the lowest level since
late December.  For the week of July 7-13, the AWP equaled 75.27 cents per
pound, compared with 76.72 cents a week earlier and 66.09 cents a year ago. 
For the latest week, only 2 offerings are quoted in the "current" A Index. 
Since Central Asia and Paraguay are the only quotes, an A Index is not
available.  For the week ending July 6, the B Index equaled 97 cents per
pound, with only 3 quotes offered.
 
Meanwhile, "new crop" A Index prices have remained near the 90-cent level. 
For the week ending July 6, the A Index averaged 89.90 cents per pound, with 6
of the 14 styles quoted.  Both U.S. quotes remain in the A Index calculation
and are ranked fourth and fifth.  The Greece quote continues as the cheapest
offering during this period.  "Forward" B Index prices, however, are not
available as only the U.S. and Central Asia offerings are quoted.
 
The next issue of the Cotton and Wool Outlook will be released on
August 11, 1995.  For further information, contact Leslie Meyer at
(202) 501-8528, Robert Skinner at (202) 219-0836, John Lawler at
(202) 501-8525, or Steve MacDonald at (202) 219-1179.
 
U.S. COTTON SUPPLY AND USE ESTIMATES
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                                       1994/95               1995/96
                             ----------------------------
Item                            May       June        July      July
----------------------------------------------------------------------
Upland:                                      Million acres
  Planted                      13.55      13.55      13.55     16.42
    Program                    11.62      11.62      11.62     11.36
  Harvested                    13.16      13.16      13.16     15.30
                                                Pounds
  Yield/harvested acre           705        705        705       661
                                        Million 480-lb. bales
  Beginning stocks              3.30       3.30       3.30      2.20
  Production                   19.32      19.32      19.32     21.11
    Total supply 1/            22.64      22.65      22.64     23.33
  Mill use                     11.32      11.32      11.16     11.32
  Exports                       9.80       9.80       9.39      7.18
    Total use                  21.12      21.12      20.55     18.50
  Ending stocks                 1.63       1.63       2.20      4.96
                                               Percent
  Stocks-to-use ratio            7.7        7.7       10.7      26.8
Extra-long staple:                           1,000 acres
  Planted                        169        169        169       189
    Program                       84         84         84        32
  Harvested                      166        166        166       187
                                                Pounds
  Yield/harvested acre           974        974        974     1,000
                                          1,000 480-lb. bales
  Beginning stocks               227        227        227        55
  Production                     338        338        338       390
    Total supply 1/              567        570        570       450
  Mill use                        85         85         95        85
  Exports                        400        400        410       315
    Total use                    485        485        505       400
  Ending stocks                   72         75         55        40
                                               Percent
  Stocks-to-use ratio           14.8       15.5       10.9      10.0
----------------------------------------------------------------------
Based on USDA estimates.  1/ Includes imports.
 
WORLD COTTON SUPPLY AND USE ESTIMATES
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                                        1994/95              1995/96
                             ----------------------------
Item                            May        June      July       July
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Supply:                                 Million 480-lb. bales
Beginning stocks
  World                        27.42      27.54      27.42     29.45
  Foreign                      23.89      24.01      23.89     27.20
Production
  World                        83.54      84.71      85.24     90.79
  Foreign                      63.87      65.05      65.58     69.29
Imports
  World                        30.11      30.28      30.21     27.73
  Foreign                      30.09      30.26      30.19     27.70
Use:
Mill use
  World                        84.99      84.91      83.80     86.27
  Foreign                      73.59      73.51      72.55     74.87
Exports
  World                        28.90      28.83      29.46     27.72
  Foreign                      18.70      18.63      19.66     20.22
Ending stocks
  World                        27.01      28.61      29.45     33.90
  Foreign                      25.31      26.91      27.20     28.90
Stocks-to-use ratio                            Percent
  World                         31.8       33.7       35.1      39.3
  Foreign                       34.4       36.6       37.5      38.6
----------------------------------------------------------------------
Based on USDA estimates.
 
FIBER SUPPLY
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                                           1995                 1994
                                 -------------------------
Item                             Mar        Apr        May       May
----------------------------------------------------------------------
Cotton:                                  1,000 480-lb. bales
  Ginnings                         0         0           0         0
Imports since August 1          11.2      12.4          NA       3.9
  Stocks, beginning           11,077     8,640       6,658     8,491
    At mills                     691       736         794       709
    Public storage             8,322     6,258       4,883     6,895
    CCC stocks                 2,090     1,318         862     1,203
 
Manmade:                                   Million pounds
  Production                   890.1     823.3       859.8     851.1
    Noncellulosic              846.0     783.0       818.1     813.8
    Cellulosic                  44.1      40.3        41.7      37.3
    Total since January 1    2,421.4   3,244.7     4,104.5   4,079.8
 
                                           1995                 1994
                                 ------------------------
                                 Feb        Mar       Apr        Apr
----------------------------------------------------------------------
                                            Million pounds
  Raw fiber imports             89.8     103.3        88.6      68.8
    Noncellulosic               84.2      96.7        81.8      61.2
    Cellulosic                   5.6       6.6         6.8       7.6
    Total since January 1      174.7     287.3       376.1     292.7
 
Wool and Mohair:                            1,000 pounds
  Raw wool imports, clean      7,722    10,772       5,962    12,740
    48's-and-finer             6,431     7,929      23,263    11,095
    Not-finer-than-46's        1,291     2,843       5,673     1,477
    Total since January 1     18,164    28,935      34,897    37,874
 
  Wool top imports               590       605         330       450
    Total since January 1        950     1,556       1,886     1,424
  Mohair imports, clean            0         7           0         0
    Total since January 1          4        10          10         1
----------------------------------------------------------------------
NA = Not available.
 
COTTON SYSTEM FIBER CONSUMPTION
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                                           1995                 1994
                               ---------------------------
Item                             Mar       Apr         May       May
----------------------------------------------------------------------
Cotton:                                  1,000 480-lb. bales
All consumed by mills 1/       1,048       879       1,009       949
  Total since August 1 1/      7,661     8,540       9,549     8,657
  SA annual rate 2/           11,578    11,281      11,042    10,778
  SA daily rate 2/              44.5      43.4        42.5      41.5
  Daily rate                    45.5      43.9        43.9      43.1
 
Upland consumed by mills 1/    1,037       869         999       941
  Total since August 1 1/      7,596     8,465       9,464     8,597
  SA annual rate 2/           11,456    11,159      10,932    10,682
  SA daily rate 2/              44.1      42.9        42.0      41.1
  Daily rate                    45.1      43.5        43.5      42.8
 
Spindles in place              7,252     7,238       7,167     7,721
  Active spindles              6,801     6,741       6,698     7,225
    100 percent cotton         2,974     2,954       2,936     3,082
    100 percent manmade        1,131     1,110       1,110     1,214
    Blends                     2,696     2,677       2,652     2,929
                                              Percent
Cotton's share of fibers        76.7      76.8        76.4      75.9
 
Manmade:                                    1,000 pounds
Total consumed by mills 1/   152,770   127,269     149,393   144,340
  Total since August 1 1/  1,092,407 1,219,676   1,369,069 1,318,091
  Daily rate                   6,642     6,363       6,495     6,561
    Noncellulosic staple       5,791     5,473       5,712     5,672
    Cellulosic staple            851       890         783       889
----------------------------------------------------------------------
1/ Adjusted to calendar month.  2/ SA = seasonally adjusted.
 
FIBER EXPORTS
----------------------------------------------------------------------
                                          1995                  1994
                                 ------------------------
Item                             Feb       Mar        Apr        Apr
----------------------------------------------------------------------
Cotton:                                  1,000 480-lb. bales
  Upland exports               1,332     1,310       1,048       722
    Total since August 1       5,338     6,646       7,694     4,365
  Sales for next season          193       217         116       -16
    Total since August 1       2,888     3,104       3,220       164
 
  ELS exports                   51.3      81.9        56.5      38.4
    Total since August 1       173.8     255.7       312.2     246.1
  Sales for next season         24.5      75.4        14.1      35.9
    Total since August 1        58.6     133.9       147.9      42.0
 
Manmade:                                   Million pounds
  Raw fiber exports             72.1      95.3        90.6      72.7
    Noncellulosic               66.9      87.8        83.1      70.7
    Cellulosic                   5.2       7.5         7.5       2.0
    Total since January 1      161.3     247.4       338.0     273.9
 
Wool and Mohair:                           1,000 pounds
  Raw wool exports, clean      351.9     423.7       979.3     465.9
   Total since January 1       542.8     966.5     1,945.8   1,230.1
  Wool top exports           1,182.1     888.9     1,009.1   1,254.6
    Total since January 1    1,818.5   2,707.5     3,716.6   3,130.2
 
  Mohair exports, clean        610.4     289.4       313.7     135.8
    Total since January 1    1,484.5   1,773.8     2,087.6   1,864.9
----------------------------------------------------------------------
 
FIBER PRICES
----------------------------------------------------------------------
                                           1995                 1994
                               ---------------------------
Item                             Apr      May         June      June
----------------------------------------------------------------------
Domestic cotton prices:                    Cents per pound
  Adjusted World Price         94.53     87.04       76.22     70.07
  Jul'95 futures              101.72    104.81      112.00     77.32
  Dec'95 futures               78.51     81.01       80.49     71.89
  Upland spot 41-34           104.94    105.38      106.96     76.85
  Pima spot 03-46             123.39    127.77      132.73     92.91
  Avg. price received by:
    Upland producers           84.50     82.60       86.50     63.50
 
  Mill delivered:
    Cotton
      Actual                  113.17    113.94      117.65     82.57
      Raw fiber equivalent    125.74    126.60      130.72     91.74
    Rayon staple
      Actual                  104.00    104.00      104.00    102.00
      Raw fiber equivalent    108.33    108.33      108.33    106.25
    Polyester staple
      Actual                   86.00     86.00       92.00     76.00
      Raw fiber equivalent     89.58     89.58       95.83     79.17
 
    Price ratios                               Percent
      Cotton/rayon             116.1     116.9       120.7      86.3
      Cotton/polyester         140.4     141.3       136.4     115.9
 
Northern Europe cotton quotes:            Cents per pound
  A Index                     114.55    115.13          NQ     85.10
  Memphis Territory           120.25    121.75      129.00     86.10
  California/Arizona          124.63    124.17          NQ     86.00
  B Index                     111.41    108.96      101.53     83.42
  Orleans/Texas               116.88    116.13      121.00     85.05
 
Wool prices (clean):                      Dollars per pound
  U.S. 56's                     1.86      1.88        1.77      1.28
  Australian 56's 1/            2.64      2.51        2.50      1.89
 U.S. 60's                      2.26      2.29        2.12      1.61
  Australian 60's 1/            2.80      2.71        2.73      1.95
  U.S. 64's                     2.88      2.95        2.85      2.30
  Australian 64's 1/            3.02      3.07        3.08      2.58
----------------------------------------------------------------------
NA = Not available.  NQ = No quote.
1/ In bond, Charleston, SC.
 
TEXTILE TRADE
----------------------------------------------------------------------
                                          1995                   1994
                             -----------------------------
Item                             Feb       Mar        Apr         Apr
----------------------------------------------------------------------
Imports:                                   1,000 pounds 1/
 
  Yarn, thread, and fabric   174,571   205,476     169,789    168,047
    Cotton                    70,390    81,711      72,595     68,897
    Linen                     39,901    47,671      25,592     33,099
    Wool                       3,475     3,787       3,990      4,833
    Silk                         598       685         599        652
    Manmade                   60,204    71,618      65,009     60,566
 
  Apparel                    372,028   381,936     311,642    270,031
    Cotton                   216,721   224,816     183,812    152,803
    Linen                     13,455    10,858       8,091      9,024
    Wool                       9,858    10,880       9,046      7,989
    Silk                      12,046    10,936       8,560     10,957
    Manmade                  119,950   124,446     102,133     89,258
 
  House furnishings           30,542    32,114      26,552     24,773
    Cotton                    22,597    23,439      19,381     18,494
    Linen                        161       269         177         84
    Wool                          93       147         103         86
    Silk                          31        20          16         15
    Manmade                    7,660     8,238       6,875      6,094
 
  Floor covering              21,682    25,402      24,705     19,468
    Cotton                     3,312     4,459       4,015      5,642
    Linen                      2,734     3,034       3,029      2,032
    Wool                       8,100     9,253       8,758      5,394
    Silk                         475       437         326        384
   Manmade                     7,062     8,219       8,578      6,016
 
  Total imports 2/           605,543   652,042     538,774    487,446
    Cotton                   316,832   338,263     282,622    248,102
    Linen                     56,334    61,940      38,991     44,361
    Wool                      21,663    24,239      22,115     18,496
    Silk                      13,150    12,078       9,501     12,009
    Manmade                  197,565   215,522     185,545    164,478
 
Exports:                                  1,000 pounds 1/
 
  Yarn, thread, and fabric   114,017   130,267     122,366    114,108
    Cotton                    38,007    44,774      41,364     32,574
    Linen                      3,067     3,194       3,116      2,314
    Wool                       3,365     3,388       3,527      3,440
    Silk                       1,606     1,509       1,531      1,205
    Manmade                   67,972    77,402      72,828     74,575
 
Apparel                       89,926   109,166      98,562     78,642
    Cotton                    57,533    68,573      59,893     48,632
    Linen                      2,117     2,164       2,094      1,673
    Wool                       3,228     4,079       4,351      3,891
    Silk                       1,521     1,919       1,900      1,334
    Manmade                   25,528    32,431      30,324     23,112
 
  House furnishings            4,434     6,124       5,027      4,875
    Cotton                     2,742     3,677       2,900      2,987
    Linen                        149       284         241        210
    Wool                          52        44          90         48
    Silk                         107       165         159        108
    Manmade                    1,384     1,954       1,636      1,522
 
  Floor covering              23,688    27,136      27,403     28,831
    Cotton                     3,547     3,288       3,363      3,709
    Linen                      1,033     1,136       1,140      1,257
    Wool                       1,071     1,540       1,462      1,245
    Silk 3/                      ---       ---         ---        ---
   Manmade                     8,037    21,173      21,438     22,620
 
  Total exports 2/           232,317   273,022     253,688    226,785
    Cotton                   101,864   120,363     107,566     87,954
    Linen                      6,373     6,789       6,601      5,465
    Wool                       7,731     9,073       9,455      8,659
    Silk                       3,234     3,593       3,590      2,247
    Manmade                  113,115   133,204     126,476    122,060
----------------------------------------------------------------------
1/ Raw fiber equivalent.  2/ Includes headgear.  3/ Absence of trade.
 
ACTUAL AND PROJECTED COTTON ACREAGE
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                           Projected      Projected
State/          Actual       March           June
Region           1994         1995 1/        1995 2/     1995/1994
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                          1,000 acres                    Percent
 
Upland:
  Alabama         463          600           620            134
  Florida          69           75           110            159
  Georgia         885        1,400         1,500            169
  N. Carolina     486          700           800            165
  S. Carolina     225          280           310            138
  Virginia         42           95           110            262
    Southeast   2,170        3,150         3,450            159
 
  Arkansas        980        1,080         1,060            108
  Louisiana       900        1,010         1,020            113
  Mississippi   1,280        1,500         1,500            117
  Missouri        352          480           420            119
  Tennessee       590          660           700            119
    Delta       4,102        4,730         4,700            115
 
  Kansas            1            2             1            100
  Oklahoma        360          370           370            103
  Texas         5,450        6,200         6,300            116
    Southwest   5,811        6,572         6,671            115
 
  Arizona         313          340           340            109
  California    1,100        1,170         1,200            109
  New Mexico       55           50            55            100
    West        1,468        1,560         1,595            109
 
Total Upland   13,551       16,012        16,416            121
 
Pima:
  Arizona          48           49            47             98
  California       81          100            95            117
  New Mexico       11           14            15            136
  Texas            29           25            32            110
 
Total Pima        169          188           189            112
 
Total All      13,720       16,200        16,605            121
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1/ Planting intentions as indicated by reports from farmers.
2/ Total acres planted plus intentions for remaining acreage.
 
USE OF UPLAND COTTON ACREAGE BASES, 1986-95 1/
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          Southeast         Delta       Southwest        West
        --------------   ------------  ------------  --------------
Crop           Percent        Percent       Percent         Percent
year     Base    Used    Base   Used   Base   Used   Base     Used
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                                Million acres
 
1986    1.09     96      3.71    95    8.53     89    2.24    82
1987    1.09    104      3.67   103    7.64     95    2.26    86
1988    1.14    107      3.71   106    7.40     98    2.23    92
1989    1.22     96      3.87   101    7.27     94    2.21    81
1990    1.21    109      3.92   104    7.13     97    2.13    82
1991    1.31    130      4.07   108    7.15    102    2.07    73
1992    1.45    120      4.26   111    7.14     94    2.00    81
1993    1.56    119      4.42   102    7.11     93    1.97    77
1994    1.71    137      4.56   101    7.10     94    1.94    87
1995    1.90    182      4.62   102    7.06     96    1.93    84
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1/ Data for 1995 is preliminary.
 
 
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