Brazil’s cotton prices saw a slight decline in early June, with the CEPEA/ESALQ Index falling 1.21% to BRL 4.3643 per pound ($0.79) as of June 16, compared to the end of May. The price drop is attributed to sellers offloading leftover 2023–24 stocks, while buyers shifted focus to future contracts.
According to Brazil’s National Supply Company (CONAB), only 1.4% of the upcoming 2024–25 cotton crop had been harvested by June 7, reflecting a slow start to the season.
On the export front, the Secretariat of Foreign Trade (SECEX) reported a 3% year-on-year decline in cotton exports, totaling 2.61 million tons from August 2024 to early June 2025. May’s shipment volume dropped 19.6% compared to April and 16.2% year-on-year. Early June exports also fell 11.5% from the same period last year.
On the global stage, the International Cotton Advisory Committee (ICAC) forecasts a relatively flat cotton production outlook for 2025–26, projecting a slight 0.11% decrease to 26.031 million tons, with a planted area of 31.49 million hectares. Global cotton consumption is expected to increase by 0.56% to 25.693 million tons, though it will still trail supply by about 1.3%.
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