Cotton and Hemp
U.S. Cotton Exports in 2023
Total Export Value
$5.95 Billion
Total Volume (Millions)
2.78 Metric Tons
3-Year Average
$6.84 Billion
Compound Average Growth
3.1% (2014-2023)
Data and Analysis
FAS Mumbai forecasts marketing year (MY) 2024/25 cotton production at 25 million 480 lb. bales on 11.8 million hectares, unchanged from the previous forecast. The official government production forecast of 23.4 million 480 lb. bales is lower due to a lower planted area estimate of 11.4 million hectares, and expected lower yields.
The Indonesian milling industry continuously faced significant challenges during 2023/24 which is estimated to continue posing some impact to 2024/25. Slowing demand from export destination countries and fierce competition from cheaper imported...
Post forecasts production for marketing year (MY) 2024/25 at 0.89 million 480-lb bales, a similar level as in MY 2023/24. The planting area is expected to decrease due to farmers switching to more profitable crops, drought conditions, and limited access to water from dams.
News and Features
The U.S. Department of Agriculture and the Office of the U.S. Trade Representative are accepting applications for new members to serve on the agricultural trade advisory committees.
The U.S. Department of Agriculture and the Office of the U.S. Trade Representative are accepting applications for new members to serve on agricultural trade advisory committees.
The American agricultural sector posted its best export year ever in 2022 with international sales of U.S. farm and food products reaching $196 billion.
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