The US Department of Agriculture (USDA) has said it projects a fall of 6.3 million bales in global cotton production in the season from August 2023 to July 2024.

In its most recent Cotton Outlook report, published on September 14, USDA predicted that global production for 2023-2024 would 112.4 million bales, a fall of 5% year on year. USDA said China, India and the US would “lead the global production decline”.

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