Browse Data and Analysis

On November 5, the Ministry of Agriculture and Farmers Welfare published a marketing year 2024/25 production forecast at the lowest level in five years, at 23.4 million 480 lb. bales on an area of 11.4 million hectares.

Post raises its marketing year (MY) 2024/25 cotton production estimate to 6.2 million metric tons (MMT) on record high yields of more than 2.1 MT per hectare.

Vietnam’s cotton imports for marketing year 2024/25 (MY 2024/25) are estimated at 6.8 million bales, up 4 percent over MY 2023/24 based on an expected recovery in global demand for textiles and garments by late 2024.

Turkiye’s cotton production in marketing year (MY) 2024/25 is forecast to increase to 865,000 metric tons (MT; 3.97 million bales), since farmers planted cotton on larger area in response to temporary cotton price hikes during the planting season and because of better yields compared to last MY due to better weather conditions.

The cotton production forecast for 2024/25 has been revised downward to 5.2 million bales, with the area unchanged at 2 million hectares.

FAS Mumbai forecasts MY 2024/25 Indian raw cotton exports at 1.2 million 480 lb. bales, 55 percent lower than previous estimate, due to India lint prices trading four percent higher than global prices, prompting buyers to prefer finer quality machine-picked cotton from foreign origins.

In marketing year (MY) 2024/25, Post forecasts cotton acreage and production slightly lower at 45,000 hectares and 153,000 bales, due to heavy rain in some cotton growing districts during the seed sowing period. For MY 2024/25, Post also forecasts...

Forecast MY 24/25 cotton production is 5.9 million metric tons (MMT), unchanged from the previous report and the estimate for MY 23/24. A marginally higher yield estimate of 2,014 kg/Ha offset a slightly lower planted area unchanged from the previous report at 2.93 million hectares (MHa) on lower cotton profits in regions outside Xinjiang in MY 23/24.

FAS Mumbai forecasts marketing year (MY) 2024/25 India cotton production at 25 million 480 lb. bales on 11.8 million hectares planted area, a two percent decrease in area from the previous forecast, as farmers have shifted cotton acreage to higher return crops such as paddy, and pulses.

The 2024/25 cotton area estimate is revised downward to 2 million hectares due to a decrease in cultivation in key production areas of Punjab and Sindh. With the lower area, the production forecast is lowered to 5.55 million bales.

On August 2, 2024, several ministries and regulatory bodies in the People’s Republic of China (PRC) jointly announced that seven substances including cannabidiol (CBD) are subject to the management controls of precursor chemicals starting from September 1, 2024.

FAS Mumbai forecasts marketing year (MY) 2024/25 India cotton production at 25.4 million 480 lb. bales on 12 million hectares area planted, a three percent decrease in area from the previous forecast. Planting is underway and farmers have shifted...