Production

The EU-28 is a minor producer of cotton. EU-28 cotton production has declined by more than 50 percent following Common Agricultural Policy (CAP) reforms effective in 2006 that decoupled payments and reduced support and market barriers for a number of crops, including cotton. The EU-28 does not permit farmers to cultivate modern biotech cotton varieties, further hurting competitiveness. Only two EU-28 Members States, Greece (80 percent) and Spain (20 percent) grow significant amounts of cotton commercially. Cotton is a major agricultural crop in Greece, accounting for more than 8 percent of total agricultural output. More than 75,000 farmers grow cotton, producing about 80 percent of the EU crop. Thessaly, Macedonia, and Mainland Greece are the major cotton-producing areas. Cotton is planted from March 1 to April 15; the harvest occurs from October 1 to November 30. Most cotton is irrigated and machine harvested. Spain's cotton area is concentrated in the region of Andalusia, and it is progressively concentrating in the provinces of Seville and Cadiz. Cotton is grown on some of the best agricultural land, competing with other irrigated crops. Greece's MY 2014/15 cotton production is forecast to reach approximately 270,000 MT, a significant decrease from April 2014 forecast (330,000 MT), because of the rain and cool weather that negatively impacted cotton yields.

Crush

In Greece, about 58 percent of cottonseed production is crushed for oil (and oilseed cake) or retained for seed. In Spain, cottonseed production is not crushed, but used directly as animal feed (mostly dairy cows).

Trade

Greece is a major cottonseed exporter. Italy continues to be the main destination for Greek cottonseed exports, accounting for 58 percent of the total. In Greece, small amounts of cotton are imported for blending in the domestic spinning industry. Spanish cottonseed domestic demand is also satisfied by imports. Cote d'Ivoire, Greece, and Senegal were the main suppliers to the Spanish cottonseed market during MY 2013/14.

Oilseed, Cottonseed

2013/2014

2014/2015

2015/2016

Market Begin Year

Oct 2013

Oct 2014

Oct 2015

European Union

USDA Official

New post

USDA Official

New post

USDA Official

New post

Area Planted (Cotton)

320

0

360

0

0

0

Area Harvested (Cotton)

311

309

357

353

0

315

Beginning Stocks

42

42

18

42

0

42

Production

479

478

490

519

0

463

MY Imports

60

71

50

60

0

76

Total Supply

581

591

558

621

0

581

MY Exports

58

58

47

70

0

56

Crush

330

318

310

329

0

313

Food Use Dom. Cons.

0

2

0

2

0

2

Feed Waste Dom. Cons.

175

171

179

178

0

168

Total Dom. Cons.

505

491

489

509

0

483

Ending Stocks

18

42

22

42

0

42

Total Distribution

581

591

558

621

0

581

1000 HA, RATIO, 1000 MT

Meal, Cottonseed

2013/2014

2014/2015

2015/2016

Market Begin Year

Oct 2013

Oct 2014

Oct 2015

European Union

USDA Official

New post

USDA Official

New post

USDA Official

New post

Crush

330

318

310

329

0

313

Beginning Stocks

2

2

3

2

0

2

Production

143

154

135

159

0

151

MY Imports

11

11

10

8

0

11

MY Imp. from U.S.

0

2

0

2

0

2

Total Supply

156

167

148

169

0

164

MY Exports

16

15

17

18

0

14

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

137

150

128

149

0

148

Total Dom. Cons.

137

150

128

149

0

148

Ending Stocks

3

2

3

2

0

2

Total Distribution

156

167

148

169

0

164

1000 MT

Oil, Cottonseed

2013/2014

2014/2015

2015/2016

Market Begin Year

Oct 2013

Oct 2014

Oct 2015

European Union

USDA Official

New post

USDA Official

New post

USDA Official

New post

Crush

330

318

310

329

0

313

Beginning Stocks

0

0

0

0

0

0

Production

51

58

48

60

0

57

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

Total Supply

51

58

48

60

0

57

MY Exports

1

0

1

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

50

58

47

60

0

0

Feed Waste Dom. Cons.

0

0

0

0

0

57

Total Dom. Cons.

50

58

47

60

0

57

Ending Stocks

0

0

0

0

0

0

Total Distribution

51

58

48

60

0

57

1000 MT