The latest U.S. monthly report highlights a tightening balance in the global cotton market. Cotton production in China, Pakistan, and India remains below their respective consumption levels, indicating a clear supply gap in major consuming countries. Globally, cotton production stands at 119.79 million bales, while consumption is estimated at 118.61 million bales, leaving a marginal surplus of just over 1 million bales. This narrow gap signals continued dependence on international trade rather than a bearish market outlook. Global ending stocks have edged up slightly to 75.97 million bales, reflecting stability rather than oversupply.
| Country | Production | Usage | Imports | Exports | Stocks |
|---|---|---|---|---|---|
| 🌍 Global | 119.79 | 118.61 | – | – | 75.97 |
| 🇵🇰 Pakistan | 5.5 | 10.90 | 5.90 | – | 2.10 |
| 🇺🇸 USA | 14.27 | – | – | 20.00 | 4.50 |
| 🇨🇳 China | 33.50 | 38.50 | 5.40 | – | 34.84 |
| 🇮🇳 India | 24.00 | – | – | – | 10.52 |
| 🇦🇺 Australia | 4.50 | – | – | 10.00 | 4.35 |
| 🇧🇷 Brazil | 18.75 | – | – | 50.00 | 4.27 |
Pakistan’s cotton sector continues to face a significant supply-demand imbalance. With production stuck at 5.5 million bales and consumption surging to 10.90 million bales, domestic output covers less than half of national demand. As a result, Pakistan is expected to rely heavily on cotton imports throughout the season. Ending stocks remain stable at 2.10 million bales, but the gap between local supply and demand shows that Pakistan increasingly relies on imported cotton to support its textile industry.
