Production Estimates
USDA ups 2024-25 global cotton output view by 1 mln bales to 120.5 mln bales
This story was originally published at 15:23 IST on 12 February 2025
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MUMBAI – The US Department of Agriculture has raised its global cotton production estimate for 2024-25 (Oct-Sept) by 1 million bales to 120.5 million bales, from its estimate of 119.5 million bales last month. One bale equals 217.72 kg.
In its World Agricultural Supply and Demand Estimates report for February, the USDA said the upward revision is mainly due to higher production in Brazil and China. Production in China is pegged at 31.0 million tonnes, up from 30.0 million tonnes forecast in January. The production estimate for Brazil was also slightly up at 17 million bales in February from 16.90 million bales in forecast in January. The estimate for production in India was steady at 25 million bales.
The USDA has increased its estimate for global ending stocks due to an increase in world production. The department sees higher ending stocks at 78.4 million bales from 77.9 million bales predicted in January.
Global cotton consumption has been estimated at nearly 116 million bales, up from 115.9 million bales predicted last month. "Increase in consumption by Bangladesh, Pakistan, and Vietnam are offset by decline in India and the United States".
Global cotton import estimates are seen higher at 42.47 million bales from 42.45 million bales last month. Higher imports by Bangladesh, Pakistan, and Vietnam are offset by lower imports by China, with small changes elsewhere, the report said. End
Reported by J. Navya Sruthi
Edited by Nishant Maher
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