USDA – Cotton. World Markets and Trade, Jan 2025

The report by USDA "Cotton. World Markets and Trade, Jan 2025" provides insights into the latest trends in global cotton trade and production. The 2024/25 marketing year sees U.S. cotton exports to Central America at record highs, driven by the region's growing spinning industry. U.S. exports to Central America have surged 30 percent from last year, highlighting the region's reliance on U.S. cotton due to zero domestic production. The CAFTA-DR agreement supports this trend, allowing duty-free access for cotton products using U.S. yarn. Global cotton production is projected to rise, with notable increases in China, Australia, and the U.S., while global trade is expected to grow slightly despite a decrease in U.S. exports. China's increased production will contribute to higher global ending stocks.