As a result, domestic cotton prices climbed to BRL 4.2999 (~$0.73) per pound on April 15, 2025, up 1.97 per cent from March 31, reaching their highest nominal level since early March.
According to National Supply Company’s (CONAB) April 10 report, Brazil's 2024-25 cotton crop is expected to hit a record 3.89 million tonnes—up 5.1 per cent year-on-year—driven by a 6.9 per cent rise in planted area and a 1.7 per cent increase in yield.
Globally, the USDA projects cotton production at 26.32 million tonnes for 2024-25, a 7 per cent rise from the previous year, with consumption seen at 25.26 million tonnes, leaving supply 4.2 per cent above demand.
ALCHEMPro News Desk (KD)
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