Browse Data and Analysis

The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.

Post forecasts MY 2023/24 cotton fiber production at 700,000 bales (480 lb.) The MY 2022/23 estimate for exports has dropped to 650,000 bales.

The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.

On April 14, 2023, the National Development Reform Commission (NDRC) published Announcement No. 369 on Implementation Measures for Improving the Target Price Policy for Cotton.

Like many countries in the world, Egypt has been greatly affected by the Russian war on Ukraine, which has caused strain on the Egyptian economy. In 2022, the Egyptian government struggled to rein in inflation caused by rising food and energy prices. In October 2022, Egypt decided to sharply devalue the currency by the end of 2022, inflation reached almost 22 percent.

Uzbekistan’s cotton production in marketing year (MY) 2023/24 is forecast unchanged from the previous year at 675,000 metric tons (MT) (3.10 million bales).

The harvested area for Marketing Year (MY) 2023/24 is forecasted to rise five percent at 1.39 million hectares (MHA) compared to the previous year based on good farm gate prices, increase access to inputs, and improved national security particularly in Burkina Faso.

Marketing year (MY) 23/24 cotton imports are forecast at 1.8 million metric tons (MMT) on higher domestic demand for textile and apparel products and higher spinning demand.

Greece’s MY 2022/23 cotton production is estimated at 1.30 million 480 lb. bales, down 10 percent from the previous season due to a decrease in area planted. Greece is a major cotton exporter. Turkey was the main destination in MY 2021/22, representing 58 percent of total exports.

Indonesian cotton imports in 2023/24 are forecast to remain stable at 2.0 million bales assuming spinners will use more inventory on hand before making new purchases.

For marketing year (MY) 2023/24, Post forecasts cotton imports at 8.5 million bales. Post reduced its MY 2022/23 cotton import and consumption estimates on high global prices, slowdown of the Bangladeshi economy, and production disruptions due to power shortages.

FAS Mexico forecasts for marketing year (MY) 2023/24 reductions in production, consumption, and trade due to low domestic and global demand for textiles and Government of Mexico (GOM) refusal to approve new genetically engineered (GE) seeds.