#Raw Materials
China projected to increase cotton production, yields, and imports in 2026/27
There are some key market drivers having an impact:
- Geopolitical tensions in the Middle East could disrupt fertilizer supply chains, increasing input costs for producers
- Severe drought in the United States is affecting most cotton-growing areas, raising the likelihood of abandonment
- Rising prices for synthetic fibers may improve cotton’s competitiveness
- Favorable conditions in China are expected to support strong yields
Production, consumption, and trade
China is expected to remain the world’s largest producer (nearly 7 million tonnes) and the leading consumer (accounting for 32% of global use).
Global exports will continue to be led by Brazil, followed by the United States and Australia. On the import side, Bangladesh is projected to remain the world’s largest importer at 1.8 million tonnes, followed by China, Vietnam, Pakistan, and Türkiye.
World cotton ending stocks for 2026/27 are projected to rise by 4% to 17.9 million tonnes, reflecting higher production and increased imports, particularly in China.
ICAC’s price projections
The Secretariat’s current Cotlook A price forecast for the 2025/26 season, based on current supply and demand estimates, ranges from 73 to 84 cents per pound, with a midpoint of 78 cents per pound. ICAC’s price projections are made by Ms Lorena Ruiz, ICAC Economist.
ICAC’s statistical data portal
For the most current statistics, users are encouraged to consult ICAC’s Statistical Data Portal, which is updated continuously.
The author of Cotton This Month is Parkhi Vats, Principal Statistician and Data Architect at ICAC.
The next issue of Cotton This Month will be released on June 1, 2026.
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