Browse Data and Analysis

On May 17, 2023 the Bangladesh Ministry of Agriculture published a special regulatory order amending the Plant Quarantine Rules 2018, thereby allowing the importation of U.S. cotton into Bangladesh without fumigation on-arrival.

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.

The February 6, 2023 earthquakes greatly affected Kahramanmaras, the center of Turkiye's cotton yarn and textile production, but the industry is already on the road to recovery.

Cotton production is forecast to rebound 36 percent to 5.3 million bales in 2023/24. After the flood damaged 2022/23 crop, yields should return to trend, while better returns from competing crops will limit area expansion.

The drought in Andalucía is anticipated to prevent further expansion of Spain’s cotton area in MY 2023/24. Irrigation water allocation will be critical for farmer’s planting decisions, and temperatures and pest incidence during the summer months will also determine final yields.

Cotton production in Australia is primed for a near record 5.8 million bales in MY 2023/24, stringing together three successive big crops starting from the record 5.85 million bales in MY 2021/22.

Post forecasts MY2022/23 cotton imports to increase 4 percent but remain well below the 5-year average annual import demand from MY2017/18 – MY2021/22 in anticipation of slow economic recovery in 2023.

Cotton production in Peru is estimated to reach 16,000 MT in CY 2023, increasing 8 percent compared to the previous year.