
Global cotton production, consumption, and exports projected to increase: WASDE report
According to the latest World Agricultural Supply and Demand Estimates (WASDE) report, global cotton production, consumption, and exports are all forecasted to rise for the 2024/25 marketing year. The report highlights a positive outlook for the cotton industry, driven by increased demand and favorable weather conditions in major producing regions.
Global cotton production is projected to increase by 3% year-on-year, with key producers like the United States, India, and China leading the growth. The demand for cotton-based products, especially from the textile industry, continues to rise, boosting consumption figures across the globe. In parallel, global cotton exports are expected to grow, with the United States, Brazil, and India remaining top exporters.
Despite the challenges of fluctuating weather patterns and market uncertainties, the global cotton market appears poised for continued recovery. Analysts remain cautiously optimistic about the sector’s ability to meet global demand as trade flows and production strategies adjust in response to changing market dynamics.