Larger crops are forecast in China, India, Australia, Pakistan, Turkey and the United States. Projected cottonseed production recovery in Australia is expected to spur additional imports in the major buyers’ markets. Global cottonseed crush is projected to grow 7 percent leading to greater supplies of meal and oil. Australia cottonseed exports surge 90,000 tons to 440,000. Brazil exports are forecast unchanged at 110,000 tons. U.S. exports are projected up 22,700 tons to 249,500. China and Japan cottonseed imports are each expected to grow 30,000 tons to 150,000 and 140,000, respectively. South Korea imports are expected to grow 25,000 tons to 200,000. Saudi Arabia and Mexico imports are each forecast to grow 20,000 tons to 140,000 and 120,000, respectively.

Global vegetable oil production is expected to grow modestly. Cottonseed oil production is expected to see a healthy jump, on higher crop estimates.

Source: USDA/FAS Oilseeds World Markets and Trade May 17