USDA’s March 2025 WASDE report projects a 500,000-bale increase in global cotton production, reaching 120.96 million bales in 2024-25.
However, global ending stocks were reduced by 80,000 bales, while exports rose by 200,000 bales.
Consumption estimates increased, particularly for Pakistan, Bangladesh, and Egypt.
Despite higher production in China, declines in Pakistan and Argentina offset gains.