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Textiles
USDA raises global cotton output forecast, consumption higher in July
14 Jul '26
3 min read
shutterstock.com
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The USDA's July WASDE raised its 2026–27 global cotton production forecast to 117.26 million bales, with higher output in Brazil, the US and Türkiye lifting ending stocks slightly despite stronger consumption.
US cotton production was also revised higher to 13.70 million bales, increasing projected ending stocks, while the 2025–26 farm price was lowered to 62.5 cents per pound.
The global cotton outlook for the 2026–27 season improved slightly in the USDA's latest World Agricultural Supply and Demand Estimates (WASDE) report of July 2026. Higher production in major producing countries more than offset lower beginning stocks, leading to a modest increase in global ending stocks despite stronger consumption. The revised outlook marks a shift from the tighter supply-demand balance projected in the June report.
According to the July 2026 WASDE, global cotton production is forecast at 117.26 million bales (480 pounds or 220 kg each), up from 116.04 million bales projected in June. Global consumption has also been revised up slightly to 121.95 million bales, compared with 121.76 million bales last month. World cotton trade remains virtually unchanged at 43.34 million bales, while total global supply is estimated at 192.98 million bales, up from 192.67 million bales in the previous outlook. Ending stocks for 2026–27 is now projected at 71.22 million bales, marginally higher than 71.13 million bales forecast in June.
The USDA's July WASDE raised its 2026–27 global cotton production forecast to 117.26 million bales, with higher output in Brazil, the US and Türkiye lifting ending stocks slightly despite stronger consumption.
US cotton production was also revised higher to 13.70 million bales, incr
