Sellers aimed to clear 2023-24 stock while buyers focused on future contracts. As of June 7, only 1.4 per cent of the 2024-25 crop had been harvested, according to National Supply Company (CONAB).
Secretariat of Foreign Trade at the Ministry of Economy (SECEX) data reveals Brazil exported 2.61 million tons of cotton between August 2024 and early June 2025, down three per cent year-on-year. May shipments dropped 19.6 per cent from April and 16.2 per cent from May 2024. Early June volumes also fell 11.5 per cent compared to the same period last year, CEPEA said in its latest fortnightly report on the Brazilian cotton market.
Globally, ICAC projects cotton area for 2025-26 to reach 31.49 million hectares, with output forecast at 26.031 million tons, a slight 0.11 per cent decline. Global consumption is expected to rise by 0.56 per cent to 25.693 million tons, still 1.3 per cent below supply.
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