Browse Data and Analysis

Türkiye’s cotton production in marketing year (MY) 2024/25 is forecast to increase to 820,000 metric tons (MT; 3.8 million bales), based on the assumption that cotton prices which increased at the beginning of 2024 will remain stagnant and orders to Turkish ready-to-wear apparel producers will at least continue at mediocre levels.

Post forecasts an increase in marketing year (MY) 2024/25 cotton imports on higher global demand for ready-made garments. Despite Bangladesh’s economic challenges, Post maintains MY 2023/24 cotton imports at 7.5 million bales, on lower yarn and fabric imports.

Greece’s MY 2023/24 cotton production is estimated at 970,000 bales, down 33 percent from the previous season due to significant rainstorms which caused widespread flooding in Central Greece in early September 2023.

The global economic slowdown and illegal imports of cheaper textile products continue to hinder the growth of the Indonesian textile and textile products industry in 2023/24.

FAS Mumbai estimates marketing year (MY) 2024/25 India cotton production at 25.4 million 480 lb. bales on 12.4 million hectares area planted, a two percent decrease from the previous year due to the expectation that farmers will shift cotton acreage to higher return crops such as pulses, maize, and paddy.

Feed production is forecast lower on declining demand from poultry and livestock producers. Corn production in MY2024/25 is forecast larger than MY2023/24 due to improved yields and a slightly larger planting area, despite government policies encouraging increased soy area and reduced corn area.

Marketing year (MY) 24/25 cotton imports are forecast at 2.4 million metric tons (MMT) on higher domestic and international demand for textile and apparel products. After a sharp decline in early 2023, exports of textile and apparel products have rebounded, along with demand for imported cotton.

For MY 2024/25, Post forecasts cotton area to grow 13 percent compared to the current season, to 1.87 million hectares. Post also forecasts cotton production at a record 15.4 million bales (3.3 million metric tons (MMT)) on the back of significant area increase.

Post forecasts marketing year (MY) 2024/25 production at 0.91 million 480-lb bales, basically flat compared to MY 2023/24 due to high input costs, drought conditions, power outages, and lack of access to new genetically engineered seed varieties.

Cotton production in Australia is set for a fourth successive year of high production in marketing year (MY) 2024/25, forecast at 5.5 million bales, which would be the third largest crop. The prospect of average rainfalls over the winter/spring period if realized would establish improved irrigation water availability for growers.

The regional harvested area for Marketing Year (MY) 2024/25 is forecast to rise 17 percent at 1.38 million hectares (MHA) compared to the previous year based on expectations of good farm gate prices and improved security and stability in many cotton-growing areas.

With expectations for no change in area, and assuming average yields, cotton production is forecast to decline in 2024/25. Given prospects for an increase in cotton textile exports, domestic use is forecast to increase in 2024/25.