Report Highlights:
Uzbekistan’s cotton production in marketing year (MY) 2023/24 is estimated at 621,000 metric tons (MT) (2.85 million bales).
Cotton consumption in MY 2023/24 is forecast lower year-to-year at 599,000 MT (2.75 million bales) due to lower demand from importer countries like Turkiye and Russia for cotton yarn and fabric.
There has been a decline in exports of both yarn and fabric in 2023, following the trend seen in 2022, due to a global decline in demand for ready-to-wear apparel and garment.
As of 2023, the Government of Uzbekistan (GoU) will not enforce a minimum price for raw cotton. Additionally, farmers will be able to choose which cluster they want to sell their raw cotton to within their region, and if there is a surplus of raw cotton it will be traded in an exchange.
Source: USDA-FAS