News summary
Newsletter text
[The latest U.S. Department of Agriculture supply and demand report predicts that cotton production in 2024/2025 will reach 16 million bales]
In the supply and demand report released by the U.S. Department of Agriculture on May 11froggernintendoswitch, forecasts are made for cotton planting in the United States in 2024/2025. According to the report, cotton planting area is expected to be 10.67 million acres, harvest area is 9.13 million acres, and yield is expected to be 842 pounds/acre.
Based on these forecasts, total U.S. cotton production in 2024/2025 is expected to reach 16 million bales, while total supply is expected to be 18.41 million bales.
The report also predicts that total cotton consumption in 2024/2025 will reach 14.9 million bales, while the closing inventory is expected to be 3.7 million bales.
This report provides the market with key data on the U.S. cotton industry, which will provide important reference for secondary market investors in their investment decisions.