Uzbekistan: Cotton and Products Update
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Uzbekistan plans to increase its textile exports from $3 billion to $7 billion by 2028, which depends on a stable supply of raw cotton. However, this goal faces challenges as cotton production is under pressure due to various factors. Uzbekistan's cotton lint production for MY 2024/25 is expected to reach 640,000 metric tons, lower than previously forecast due to pest issues and reduced raw cotton prices, which led to unharvested cotton left in the fields. As processing capacity expands through government investment, consumption is expected to gradually surpass production. In MY 2024/25, cotton lint consumption is forecast higher at 660,000 MT and imports from neighboring countries will continue to fill the gap.