According to the latest US Department of Agriculture report, the department has projected US cotton production to be down by 300,000 bales to 12.1 million bales, the lowest level in nearly 40 years. Global cotton production is up about 100,000 bales to 113.0 million as a larger cotton crop in
Chinese total cotton output stood at 5.61 million tons in 2023, down 362,000 tons or 6.1 percent compared with 2022, according to data of the National Bureau of Statistics (NBS). Cotton cultivated acreage amounted to 41.82 million acres in the ongoing year, a decline of 7.1 percent or 3.18 million acres over the earlier year. […]