ICAC holds world cotton production at 26 MT, consumption at 25.7 MT

In 2024–25, global production and consumption stood at 25.687 million tonnes and 25.526 million tonnes, respectively.

Regionally, the ICAC has revised production estimates upward for Brazil, the US, and West Africa. However, these gains are likely to be offset by a slight decline in China’s output in 2025–26. Following record yields of 2,257 kg/ha—the highest ever recorded—the ICAC projects that China will produce around 6.3 million tonnes, slightly less than the current season but still the highest globally.

World cotton consumption is expected to remain under pressure due to anticipated tariff hikes, regulatory challenges, and competition from other fibres. Global cotton trade is projected to rise by 2 per cent to 9.65 million tonnes, driven by increased stock levels from the current season and projected mill demand. However, trade agreements and tariffs could influence next season's trade outlook.

Regarding prices, the ICAC stated that the average A Index for the 2024–25 season is forecast at 81 cents per pound. For 2025–26, the preliminary forecast—based on current supply and demand estimates—ranges from 56 to 95 cents per pound, with a midpoint of 73 cents.

ALCHEMPro News Desk (KUL)