Market Outlook

Cotton and Wool Outlook, September 2017

Summary 

World Cotton Production Projected Highest in 5 Years

The latest U.S. Department of Agriculture (USDA) estimates for 2017/18 project global cotton production at approximately 120.8 million bales, 13 percent above the previous season, as relative prices favored the planting of cotton versus alternative crops. India, China, and the United States lead the global increase and remain the largest cotton-producing countries (fig. 1). In 2017/18, these countries are forecast to account for 63 percent of world cotton production, similar to the previous 3-year average.  

Recently, India accounted for more than 35 percent of the global cotton area and surpassed China as the leading cotton producer in 2015/16. India’s harvested area is forecast at 12.2 million hectares (30.1 million acres) in 2017/18, or 37 percent of the total; in comparison, cotton harvested area for the United States and China is expected to account for 14 percent and 9 percent, respectively. Yields in India, however, are projected to remain about one-third below the 2017/18 world average of 797 kilograms per hectare (711 pounds per acre).

The September Cotton and Wool Outlook report and previous reports are available here https://usda-admin.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1281

Last updated: Thursday, September 14, 2017

For more information contact: Leslie Meyer

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