Continuous Decline in Global Cotton Prices

19-Mar-2025 10:27 AM

Continuous Decline in Global Cotton Prices
★ Due to higher production in several major producing countries, supply has been strong, while demand has also been affected.
★ According to the Cotton Advisory Council, cotton demand dropped by 24% in 2024.
★ The decline in consumption is due to the rise of man-made fibers.
★ According to USDA, cotton production in 2024-25 increased by 500,000 bales (1 bale = 226.8 kg), reaching 121 million bales.
★ Global cotton production increased by 6% compared to last year. Consumption also rose by 600,000 bales to reach 116.5 million bales.
★ Consumption increased in Pakistan, Bangladesh, and Egypt.
★ Global cotton trade rose by 200,000 bales to reach 42.7 million bales.
★ Cotton production compared to last year increased by 13.3% in China, 15.3% in Brazil, and 17% in the United States.
★ Despite a decline in cotton production in India, there was no significant rise in prices.
★ CCI made large-scale cotton purchases, but due to lack of support from demand, prices fell.
★ The decline in prices may impact upcoming Kharif sowing.

Important Disclaimer:
This report is for informational purposes only I-Grain India does not take any responsibility for profits or losses and does not promote any specific market movement (bullish or bearish). *Please make decisions based on your own judgment and understanding.