Brazil: Explanation of Brazilian Cotton Stock Estimates

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英文名称：

Brazil: Explanation of Brazilian Cotton Stock Estimates

工作单位：

Office of Agricultural Affairs, Brasilia

来源地址：

https://www.fas.usda.gov/data/brazil-explanation-brazilian-cotton-stock-estimates

关键词：

Cotton;  Cotton;  Western Hemisphere;  Brazil; 

年份：

2020

语种：

English

摘要：

This report explains why official the USDA stocks and stocks-to-use estimates for Brazil's cotton production, supply, and distribution (PSD) are unusually high. The report demonstrates how the USDA August-July marketing year (MY), which is based on Northern Hemisphere, correlates with Brazil's planting, harvest, trade, and stocks timeline. The report also calculates un-official stocks on a calendar year basis, and explains how to extrapolate year-end stocks from the official PSD number.