Following its analysis of new market data in January, cotton industry information resource Cotlook has increased its global production estimate for 2024-2025.

It said it now expects farmers worldwide to produce 26.3 million tonnes of cotton in the 2024-2025 season, an increase of 333,000 tonnes compared to earlier forecasts.

“The rise is attributed to higher figures for Australia, China, India, the US and others, and only partially offset by reductions for Turkey and the African Franc Zone,” it explained.

Its forecast for consumption is unchanged. It still expects manufacturers to use 24.4 million tonnes of cotton over this period. This would give an excess of almost 1.9 million tonnes.

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