World cotton updates

Global cotton market sees increased global production, with major producers like the US and Brazil projected to increase stocks, while China and Indonesia are major exporters and importers respectively.
Here’s a more detailed look:
Global Production: Global cotton production is projected to increase to 120.5 million bales, the highest since 2017/18, with a 6.6% increase.
Major Producers: The United States, Brazil, China, India, and Pakistan are key cotton producers.
Major Exporters and Importers: China, Bangladesh and Indonesia are the largest exporters and importers of cotton, respectively.
Stock Increases: All five major cotton-producing countries are projected to increase their stocks in 2024/25, with the US and Brazil leading the way.
Cotton Prices: Current cotton prices are at 0.71+0.01+1.43%, with previous close at 0.70, open at 0.69, day low at 0.72, and day high at 0.71.
Cotton Price per lb: The current price is 1.34 USD per lb.
52 week low and high: The 52 week low is 1.07 and the 52 week high is 0.71.
Net sales of U.S. cotton: Net sales of U.S. cotton on the week totaled 135,200 bales.
ICE cotton: ICE cotton slips further amid technical selling ahead of USDA report.
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