Global cotton output, stocks & consumption raised for 2025-26: WASDE
The 1.43 million bale increase is driven by a 1 million-bale rise in China's crop, a 600,000-bale increase in the US crop, and a 100,000-bale rise in Mexico's crop, partially offset by reductions in Pakistan and Egypt.
USDA's July 2025 WASDE report raises global cotton production for 2025â€'26 to 118.42 million bales, up 1.43 million from June, led by higher output in China, US and Mexico. Consumption and ending stocks also rose, while imports, exports, and beginning stocks were revised down. US production is forecast at 14.60 million bales. The season-average upland price remains unchanged at 62 cents per pound.
However, estimates for cotton imports, exports, and beginning stocks have been revised downward.
Global consumption has been raised by 365,000 bales to 118.12 million bales, with increases in Pakistan and Mexico partially offset by reductions in Italy and Germany. Global exports are lowered by 100,000 bales to 44.69 million bales. Beginning stocks for 2025–26 are reduced by 510,000 bales to 76.78 million bales, reflecting lower stock levels in the United States and China and minor adjustments elsewhere.
Ending stocks for 2025–26 are projected at 77.32 million bales, up 520,000 bales from the previous estimate, as higher production more than offsets the increase in consumption and the reduction in beginning stocks.
The July 2025 WASDE report for 2025-26 for the United States also shows higher production and ending stocks, lower beginning stocks, and unchanged consumption and import estimates compared to the June report.
Planted area has been raised to 10.12 million acres, based on the NASS June Acreage report. Harvested area is up by 6 per cent to 8.66 million acres, reflecting both higher planting and lower abandonment in the Southwest, which is partially offset by higher abandonment in the Southeast. The national average yield for 2025–26 is reduced by 1 per cent to 809 pounds per harvested acre, as reduced abandonment in the Southwest leads to the harvesting of more lower-yielding dryland acres.
As the increase in harvested area exceeds the reduction in yield, the production forecast is increased by 600,000 bales compared to June's projection, reaching 14.60 million bales—up from 14.41 million last year.
Beginning stocks for 2025–26 are lowered by 300,000 bales following a corresponding increase in projected exports for 2024–25. These revisions result in an estimated ending stock of 4.60 million bales for 2025–26, up 300,000 bales from last month, translating to a stocks-to-use ratio of 32.4 per cent. The projected season-average upland price for 2025–26 remains unchanged at 62 cents per pound.
Fibre2Fashion News Desk (KUL)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fibre2Fashion
a day ago
- Fibre2Fashion
US Upland cotton sales plunge 93%, Pima down 25% this week: USDA
Net sales of Upland cotton in the United States for the 2024–25 season totalled 5,500 running bales (RB), each weighing 226.8 kg (500 pounds), during the week ending July 10, 2025. This represents a sharp decline of 93 per cent from the previous week but remains 89 per cent above the prior four-week average. According to the USDA Weekly Export Sales Report, the main buyers were Vietnam (7,600 RB, including 500 RB switched from South Korea), Peru (5,900 RB), Bangladesh (1,200 RB), Turkiye (500 RB), and Indonesia (400 RB, including 400 RB switched from Vietnam). These were offset by reductions primarily for Pakistan (5,900 RB), Thailand (2,300 RB), Japan (900 RB), Italy (700 RB), and South Korea (500 RB). US weekly net sales of Upland cotton for 2024â€'25 plummeted 93 per cent to 5,500 RB, while Pima sales dropped 25 per cent, according to the USDA. Export shipments also declined sharply. For 2025â€'26, forward Upland sales reached 73,000 RB. Major buyers included Vietnam, Peru and Turkiye, while Pakistan and Italy saw large reductions. Pima exports fell 55 per cent, with India as the top destination. Net sales of 73,000 RB for the 2025–26 season were mainly for Honduras (22,800 RB), Nicaragua (13,200 RB), Pakistan (8,900 RB), South Korea (6,200 RB), and Turkiye (4,500 RB), partially offset by a reduction for Vietnam (400 RB). Exports of 156,400 RB were down 35 per cent from the previous week and 29 per cent below the prior four-week average. Major destinations included Vietnam (54,500 RB), Turkiye (28,500 RB), Pakistan (12,400 RB), Mexico (11,500 RB), and India (11,100 RB). Net sales of Pima cotton totalled 2,600 RB for 2024–25, down 25 per cent from the previous week but significantly above the prior four-week average. Increases were reported for India (2,400 RB), Pakistan (900 RB), Bangladesh (300 RB), and Thailand (300 RB), offset by a reduction for Italy (1,400 RB). Net sales of 3,400 RB for the 2025–26 season were reported for India (1,900 RB), Italy (1,400 RB), and Thailand (100 RB). Exports of 7,900 RB were down 55 per cent from the previous week and 20 per cent from the prior four-week average. Destinations included India (3,100 RB), Peru (1,900 RB), Egypt (1,300 RB), Pakistan (1,200 RB), and China (400 RB). Fibre2Fashion News Desk (KUL)
Fibre2Fashion
2 days ago
- Fibre2Fashion
Brazil cotton prices ease in early July amid record harvest hopes
While global cotton prices strengthened in mid-July due to firm demand for US-origin fibre, Brazil saw domestic quotations retreat, driven by the progress of what may be a record-breaking harvest. Despite prices in Brazil remaining above international levels, the gap has narrowed, diminishing the domestic market's pricing advantage, as per the Center for Advanced Studies on Applied Economics (CEPEA). According to the CEPEA/ESALQ Index, Brazilian cotton prices dipped by 0.32 per cent between June 30 and July 15, settling at BRL 4.1324 (~$0.74) per pound on July 15, CEPEA said in its latest fortnightly report on the Brazilian cotton market. Brazilian cotton prices fell 0.32 per cent between June 30 and July 15 despite firm global demand, as the 2024â€'25 harvest progresses towards a potential record 3.938 million tons. The price gap with global markets narrowed. As of July 12, 13.6 per cent of the area was harvested. USDA forecasts 2025â€'26 global production at 25.783 million tons, closely matching consumption. The decline coincides with updated projections from National Supply Company (CONAB) (July 10), which now pegs Brazil's 2024-25 cotton output at 3.938 million tons—an increase of 0.65 per cent from June's estimate and 6.4 per cent above the 2023-24 season. The planted area is projected at 2.084 million hectares, up 0.11 per cent month-on-month and 7.2 per cent year-on-year. Productivity is forecast at 1,890 kg/ha, 0.7 per cent lower than last season, but 0.53 per cent higher than June's forecast. As of July 12, harvest progress reached 13.6 per cent of the planted area, below the five-year average of 19.2 per cent for the same period. Globally, USDA's July 11 report forecasts 2025-26 world cotton production at 25.783 million tons—up 1.2 per cent from the previous month but 1.2 per cent lower than 2024-25 levels. Global consumption is expected to reach 25.718 million tons, reflecting increases of 1.2 per cent month-on-month and 0.3 per cent year-on-year. This would leave global consumption just 0.3 per cent short of overall supply in the 2025-26 season, signalling a near-balanced market. Fibre2Fashion News Desk (KD)
Fibre2Fashion
4 days ago
- Fibre2Fashion
Global cotton output, stocks & consumption raised for 2025-26: WASDE
Global cotton output for the marketing season 2025-26 is estimated at 118.42 million bales (each weighing 480 pounds or 208.65 kg) in the July 2025 World Agricultural Supply and Demand Estimates (WASDE) report by the United States Department of Agriculture (USDA). It has been raised from 116.99 million bales estimated in the June report. The 1.43 million bale increase is driven by a 1 million-bale rise in China's crop, a 600,000-bale increase in the US crop, and a 100,000-bale rise in Mexico's crop, partially offset by reductions in Pakistan and Egypt. USDA's July 2025 WASDE report raises global cotton production for 2025â€'26 to 118.42 million bales, up 1.43 million from June, led by higher output in China, US and Mexico. Consumption and ending stocks also rose, while imports, exports, and beginning stocks were revised down. US production is forecast at 14.60 million bales. The season-average upland price remains unchanged at 62 cents per pound. However, estimates for cotton imports, exports, and beginning stocks have been revised downward. Global consumption has been raised by 365,000 bales to 118.12 million bales, with increases in Pakistan and Mexico partially offset by reductions in Italy and Germany. Global exports are lowered by 100,000 bales to 44.69 million bales. Beginning stocks for 2025–26 are reduced by 510,000 bales to 76.78 million bales, reflecting lower stock levels in the United States and China and minor adjustments elsewhere. Ending stocks for 2025–26 are projected at 77.32 million bales, up 520,000 bales from the previous estimate, as higher production more than offsets the increase in consumption and the reduction in beginning stocks. The July 2025 WASDE report for 2025-26 for the United States also shows higher production and ending stocks, lower beginning stocks, and unchanged consumption and import estimates compared to the June report. Planted area has been raised to 10.12 million acres, based on the NASS June Acreage report. Harvested area is up by 6 per cent to 8.66 million acres, reflecting both higher planting and lower abandonment in the Southwest, which is partially offset by higher abandonment in the Southeast. The national average yield for 2025–26 is reduced by 1 per cent to 809 pounds per harvested acre, as reduced abandonment in the Southwest leads to the harvesting of more lower-yielding dryland acres. As the increase in harvested area exceeds the reduction in yield, the production forecast is increased by 600,000 bales compared to June's projection, reaching 14.60 million bales—up from 14.41 million last year. Beginning stocks for 2025–26 are lowered by 300,000 bales following a corresponding increase in projected exports for 2024–25. These revisions result in an estimated ending stock of 4.60 million bales for 2025–26, up 300,000 bales from last month, translating to a stocks-to-use ratio of 32.4 per cent. The projected season-average upland price for 2025–26 remains unchanged at 62 cents per pound. Fibre2Fashion News Desk (KUL)
