Attaché Reports (GAIN)
Report Highlights:
Post raises its marketing year (MY) 2024/25 cotton production estimate to 6.2 million metric tons (MMT) on record high yields of more than 2.1 MT per hectare. This is an increase of 5 percent from the prior marketing year.
Consumption for MY 2024/25 is lowered 0.1 MMT from the previous forecast to 8.1 MMT, reflecting domestic and international demand uncertainty.
Strong domestic production and high stocks will lead to a reduction of imports from last year’s record high of 3.3 MMT. Post now forecasts MY 2024/25 cotton consumption at 1.8 MMT, down 200,000 MT from its previous forecast.
Πηγή: USDA-FAS